SELECTED LISTINGS

FAVORITE PROPERTIES

0
Selected Listings

New Rendering of Island Gardens Released

May 10, 2019

Island Gardens has just released a new rendering, and the project seems to have undergone a significant engineering change. In 2002 Mehmet Bayraktar got approval to build a twin-tower and retail project on taxpayer-owned land, but he never made it. So far only floating docks for superyachts have been installed, as well as a private club.

Now the developer is suing the city of Miami after commissioners voted to hold them in default of a lease for the land, which could cost the city $ 200 million should it proceed to trial. A settlement that would compel the city to pay $ 20 million is scheduled to be voted by commissioners on May 9.

Globest.com says the project will include:

  • Twin towers, 575 feet, and 375 feet
  • 200 hotel rooms and 105 timeshares in the taller tower
  • 300 hotel rooms in the shorter tower
  • Shopping center with 221,000 square feet of retail
  • Parking garage with 1,500 spaces in three stories

Contact Us For More Information

Call Us At: 305 397 8788
605 Lincoln Road Suite 302 Miami Beach, FL 33139
  • This field is for validation purposes and should be left unchanged.
x

Contact Us

Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

  • This field is for validation purposes and should be left unchanged.