Site Of Island Gardens on Watson Island
After receiving approval in May, Flagstone has begun doing site work on Watson Island, which includes preparing the area for a marina to dock mega yachts. However, Flagstone has not given a timeframe when they plan to start the rest of the project.
Two Miami residents are suing to block the project according to the Miami Herald. They argue that the city approved to lease the site at $2 million a year based on the original agreement in 2001 and Flagstone should not have to pay that amount. Over time, the lease for the site should be valued at over $ 7 million a year based on 2014 estimates.
The residents want new bids for the site and the existing contract thrown out.