Miami’s fast growth trajectory reached certainly one of its most outstanding waterfront areas: the Flagstone Island Gardens website on Watson Island. This website at the moment homes the mega-yacht marina and occasion venue. Following a landmark sale and voter approval, the positioning is slated for a large redevelopment. Builders will introduce a brand new mixed-use challenge, Watson Harbour, that includes the brand new Island Gardens Rental Improvement and luxurious residences.
The Finish of an Period for Island Gardens
Island Gardens has been a beloved particular occasions venue for a few years, internet hosting occasions like Zamna, Circoloco, deadmau5 Day of the Lifeless, and elrow over time. The ten.8-acre website, positioned at 888 MacArthur Causeway, has lengthy been a key piece of Miami’s waterfront. In 2023, a three way partnership between BH3 Administration and Merrimac Ventures acquired the long-term lease for the property. This acquisition paved the way in which for a revised imaginative and prescient for the prime location, shifting away from prior proposals.
The builders efficiently gained approval by means of a public referendum. This permits them to proceed with up to date plans that drastically alter the positioning’s operate.
Key Options of the Watson Harbour Challenge
The brand new challenge, dubbed Watson Harbour, is a complete mixed-use growth. It goals to completely revitalize the waterfront parcel. Key parts of the permitted plan embrace:
- Residential Condominiums: Probably the most vital change entails changing the 105 beforehand permitted timeshare items with luxurious condominium residences. This addresses the excessive demand for unique Miami waterfront residing and creates the brand new Island Gardens Rental Improvement.
- Two New Resorts: The event will characteristic two separate motels, alongside new retail, eating, and workplace areas.
- Prolonged Lease: The deal additionally extends the positioning’s lease settlement from 75 to 99 years. This offers long-term stability for the multi-million greenback growth.
Expanded Public Waterfront Entry
Regardless of the huge scale of the personal growth, the deal emphasizes vital public advantages. The builders dedicated to remodeling a considerable portion of the realm for neighborhood use.
The plans name for constructing a 1,000-foot waterfront promenade alongside Biscayne Bay. This may create new public entry and walkable inexperienced house for residents and guests alike. Moreover, the settlement features a neighborhood advantages bundle. Notably, this encompasses a $9 million contribution earmarked for inexpensive housing and metropolis infrastructure enhancements.
The redevelopment of Island Gardens exhibits the extraordinary competitors for prime waterfront actual property in South Florida. Builders search to maximise the worth of irreplaceable websites by means of luxurious residential conversions. Building on the brand new Watson Harbour challenge is ready to start quickly. It guarantees to dramatically reshape the Miami skyline and the general public’s interplay with Watson Island.
