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

Luxury Miami Condo Report : March 2017

by Sep Niakan | April 20, 2017

Miami Luxury Condo Report Overall Market Summary City and Neighborhood Luxury Condo Reports              Miami Beach Luxury Condo Report                  ...

Lifestyle

Miami May Events Round-up

by Sep Niakan | April 18, 2017

The temperatures are picking up and it’s time to lather on the sun tan and cool off with some awesome events around town. Here’s our pick of the hippest festivals in Miami to make for a magnificent May: SunFest Music and Arts Festival...

Lifestyle

A Guide to Miami's Best Beaches

by Sep Niakan | April 17, 2017

Think Miami Beach and most people conjure up images of Spring Break, bikini-clad college students and a wild party worthy of '90s-era MTV. However, truth is that Miami’s beaches have a lot more to offer than those hyped up versions of...

Real Estate News

Miami’s New and Pre-Construction Condo Update: March 2017

by Sep Niakan | April 14, 2017

March has been a pretty busy month for Miami’s condo pre-construction market. From two sales gallery launches to four buildings topping-off, there’s been plenty of activity to keep the market abuzz. The biggest news, however, came in the...