Watson Island project clears state hurdle

Miami /
May.May 14, 2014 10:30 AM

The developer of the long-delayed Island Gardens now has a clear path to finally starting the project planned for Miami’s Watson Island.

Members of the Florida Cabinet approved modifications to the deed for the city-owned island with no discussion. The vote allows developer Flagstone Property Group to break ground on the project, which includes a mega-yacht marina, retail center and two hotels. Flagstone is required to start construction by June 2 under its latest lease extension from the city.

State Cabinet members include Gov. Rick Scott and Attorney General Pam Bondi.

Project opponents, including former Miami-based government consultant Stephen Herbits, asked the Cabinet to block the development, according to the Miami herald.

“It’s undeniably a giveaway of a prized public asset to generate huge profits for a private development while the city reaps very small rewards,” Herbits wrote in a letter.

Island Gardens was initially approved by Miami voters in 2001. The project languished after the Sept. 11, 2001 attacks and last decade’s recession. [Miami Herald]Eric Kalis


Related Articles

arrow_forward_ios
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen
Privé at Island Estates developer sues Suffolk Construction over defects
Privé at Island Estates developer sues Suffolk Construction over defects
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail
Altman scores $55M construction loan for Ludlam Trail project
Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Pierre Brondeau and Palazzo Del Sol
Pesticide exec pays $14M for Palazzo Del Sol condo
Pesticide exec pays $14M for Palazzo Del Sol condo
Howard Lorber and 1525 North View Drive
Howard Lorber buys waterfront Sunset Islands home for $12M
Howard Lorber buys waterfront Sunset Islands home for $12M
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)
Hospitality mogul David Grutman lists Sunset Islands home
Hospitality mogul David Grutman lists Sunset Islands home
Vanessa Grout with Vladislav Doronin
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...