Miami Condo Market and Lifestyle Updates
Marina Utilities Deal and Hotel Project on Watson Island

Marina Utilities Deal and Hotel Project on Watson Island

by Sep Niakan | September 21, 2015

Flagstone Island Gardens, LLC recently made a deal that might bring hotel and residential units to Watson Island, as well as utilities to a mall in the Miami area.

The deal includes 150 new residential units, 455 hotel rooms, 221,000 square-feet of retail space, over 136,000 square-feet of restaurant space, a cocktail lounge measuring over 10,000 square-feet, almost 14,000 square-feet of banquet space and 50 marina dock slips.

$1.67 million in connection charges will be paid by Flagstone. Nathalie Goulet, a local attorney, signed on behalf of the developer.

Back in May, Flagstone gave over their rights to develop the property to a different legal entity, which is building the marina, to be named Island Gardens Deep Harbour, LLC. The marina entity borrowed $22.67 million from DHB Bank of the Netherlands and began building.

Once finished, the new marina will be the venue for the next Yacht and Brokerage Show in February of 2016.

 

Source: thenextmiami.com

Photo credit: thenextmiami.com

Recent posts

Real Estate News

Monthly Pre-Construction Update - December 2017

by Sep Niakan | January 17, 2018

Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton...

Lifestyle

Cheers to a New Year and New Beginnings…

by Sep Niakan | January 05, 2018

Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities.   A lot of people consider January to be the month when the festive season and all its...

Lifestyle

Events for a Joyful January in Miami

by Sep Niakan | December 31, 2017

The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018.   Miami Cruise...

Real Estate News

Luxury Miami Condo Report : Nov 2017

by Sep Niakan | December 24, 2017

City and Neighborhood Luxury Condo Reports             Miami Beach Luxury Condo Report                          South Beach Luxury Condo...