According to city government people via SFBJ, Island Gardens - the $400 to $640 million megadevelopment of condos, mega yacht marinas, restaurants, and two hotels on the now-empty parts of Watson Island - is pretty much funded. Flagstone Group (the developer) is finalizing deals with equity partners and rent to the city, and has buttoned up lawsuits that had once threatened the project. Construction of the mega yacht harbor, by contractual agreement with the city, will begin before this September.
· Flagstone project on Watson Island moving ahead, city says [SFBJ]
· Island Gardens coverage [Curbed Miami]