Controversial $29M Watson Island land sale approved despite resident pushback
The Miami City Commission approved a Watson Island land sale that will allow the Motwani family’s Merrimac Ventures and BH3 to develop a plot on the southwest side of the island into a mixed-use project with a condo component. The proposal drew criticism from residents, who called it a “bad deal” and urged commissioners not to rush the vote. “Residents have sued the city because of the issue with Watson Island before, and have taken a vote to ensure the sale of Watson Island is of fair market value,” Miami resident Gilbert Palacios said. “We can use responsible and good […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

The verification layer financial systems forgot to build

Just don’t: Why AI-generated marketing content is a regulatory minefield for mortgage lenders

Many older Americans stuck in homes that no longer fit

Brooklyn Loft Inside 1865 Civil War Munitions Foundry Lists for $2.1 Million—Complete With Converted Smokestack Fireplace

“Reckless”: George Pino breaks down at start of his manslaughter trial over 2022 boat crash

Miami-Dade Invokes Eminent Domain To Seize Land on Ultraexclusive Fisher Island

South Florida’s top deals: Finance exec sells Surf Club condo for $27M

Class Valuation adds Makena InstaPlan ahead of UAD 3.6 shift

May rent trends run sideways as multifamily supply stays strong

Mortgage and real estate battle for the top of the funnel
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131
