Site work renews fight over Watson Island project

Miami /
May.May 07, 2017 10:00 AM

Critics of Island Gardens, a planned complex of hotels and retail stores on Watson Island, say the developer violated a contractual agreement with the City of Miami by failing to break ground for the development by May.

Flagstone Property Group, led by developer Mehmet Bayraktar, obtained a temporary public works permit and arranged for a contractor to dig a hole on Watson Island and to start excavating utility lines in late April.

Flagstone leases land on Watson Island from the City of Miami, has opened a mega-yacht marina there, and has a contract with the city that required the company to start construction of the Island Gardens complex by May 1.

Aldo Bustamente, assistant director of the city’s Department of Real Estate and Asset Management, told the Miami Herald that Flagstone met its contractual obligations by starting the excavation work and applying for a foundation permit.

But Roger Craver, who runs a non-profit organization that opposes Flagstone, says Flagstone failed to start construction of Island Gardens on time and the city should cancel its contract with the company.

City commissioner Frank Carollo, told the Herald that the city appears unwilling to terminate its contract with Flagstone and to find another company to develop Watson Island.

Miami voters approved the idea of building a hotel and mega-yacht marina on Watson Island back in 2001.

Brian May, a lobbyist for Flagstone, said the company has made steady progress on the Watson Island project over the last three years.

May also told the Herald that the project’s biggest delays have stemmed from opposition by Craver’s non-profit group, called Coalition Against Causeway.

Over the last 10 years, members of the coalition have filed lawsuits against the city, challenging the legality of Flagstone’s development plans for Watson Island.

Now Flagstone is suing Craver and another coalition member personally, alleging tortious interference with its development. [Miami Herald] Mike Seemuth


Related Articles

arrow_forward_ios
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
arrow_forward_ios

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

Loading...