Watson Island developer wants extension on financing
The developer behind a long-delayed Miami Beach real estate luxury resort on Watson Island wants more time to acquire financing for the $640 million project on the city owned land.
Flagstone Island Gardens developer Mehmet Bayraktar, under pressure from city officials, on Tuesday offered $500,000 to cover back rent in exchange for extending deadlines to start the construction on the luxury Miami Beach real estate marina, hotel and retail complex he's been trying to build the entire decade.
Full Article...Beach waterfront property, Miami Beach real estate
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