Coconut Grove’s once-gritty waterfront is generating millions in rent for the City of Miami as an upscale entertainment zone. But a close look at the lease shows the city may be shortchanging itself with favorable terms for the developer.
Coconut Grove’s once-gritty waterfront is generating millions in rent for the City of Miami as an upscale entertainment zone. But a close look at the lease shows the city may be shortchanging itself with favorable terms for the developer.