If you were wondering if anything was ever going to break ground in the empty lot on Watson Island, stay tuned ! Hereafter is the story behind the scene of the Island Gardens plan.
The project of the Flagstone Development Group to build two luxury hotels with a mega-yacht marina may finally proceed in 2012, just for you.
Since the 2007 real estate crisis slowed down the construction timeline, the development, which was first approved by commissioners in 2001, was then forced to ask for several extensions. Two actors are rolling the dices to approve these extensions: the city of Miami commissioners and the Florida Cabinet.
The Florida Cabinet gave its approval in August 2011. The final decision has to be voted by the Miami commissioners in order to finally see the light of day. The rumor has it that it should be a simple administrative approval.
So keep your dollars warm, you are going to need them soon enough!