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Case Notes
Miami Agrees to Settle Costly Island Development Dispute After Losing Key Ruling
Mehmet Bayraktar's Flagstone Island Gardens LLC won the bidding in 2001 to transform much of Miami's city-owned Watson Island into a vacation playground with a megayacht marina, hotels, stores and restaurants. The city issued a major use special permit for the project on 11 acres of leased land along MacArthur Causeway and an adjacent 13 acres of submerged land with a stunning view of Miami's skyline.
The Deep Harbour marina opened, but the city and developer started a long-term quarrel about the project with each side blaming the other for stalled work under a 2003 agreement.
Flagstone sued the city after the City Commission suspended development by declaring Flagstone in default for failing to begin hotel and retail construction by an April 30, 2017, deadline.
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