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

Lawmakers Push for Capital Gains Tax Exclusion

Don’t count on the ‘silver tsunami’ for housing inventory surge

Mac Cosmetics founder Frank Toskan sells waterfront homes for $32M

Senior home equity surges to record $14.7T

EXCLUSIVE: Tech Mogul Lists His Custom-Built Coral Gables Megamansion for Sky-High Price of $22 Million

Americans are moving less frequently — and staying closer to home

Iconic Nantucket Commercial Strip Listed for $35.9M—for the First Time in 4 Decades

Fed’s January Decision Will Set the Tone for Housing in Early 2026

Major winter storm may affect over 170 million Americans — how much it could cost you

TikTok forms US entity, easing social media marketing concerns for mortgage pros
GET MORE INFORMATION

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