Miami Voters Approve Watson Island Land Sales for New Condo Developments

In a recent election, Miami residents decisively approved two ballot measures allowing the city to sell portions of publicly owned land on Watson Island to developers for major new condo projects.

Watson Island

The first project, proposed by Ecoresiliency Miami—a collaboration between ESJ Capital Partners and Terra—is set to transform a portion of the Jungle Island property into a luxury condo development. Ecoresiliency Miami will purchase 5.4 acres of land on Jungle Island for $135 million, where they plan to build 600 high-end condos. In exchange, the developers will create a new public park and waterfront access for Miami residents, with a $15 million investment in affordable housing, infrastructure, and public spaces. Notably, Terra’s CEO, David Martin, and ESJ's Arnaud Sitbon are at the forefront of this ambitious vision to revitalize Jungle Island while giving back to the community.

The second project involves a joint venture between BH3 Management and Merrimac Ventures, led by Daniel Lebensohn, Greg Freedman, and the Motwani family. Their project, known as Watson Harbour, will take shape on a 3.2-acre parcel for which they will pay at least $25 million. This development includes a mix of 100 condo units, office space, hotels, retail, and public areas, transforming part of the western side of Watson Island. BH3 and Merrimac also plan to develop restaurants and green spaces, aiming to make Watson Harbour a comprehensive urban destination.

In addition to the financial investments, both projects promise to provide much-needed public amenities, including a baywalk and park spaces. These public benefits align with Miami’s goals to enhance waterfront access for residents while spurring local economic growth through residential and commercial expansions.

With voter approval secured, these projects are expected to kick off in the coming years, bringing not only luxury condos but also public benefits to Watson Island. These transformative developments reflect a new chapter for the island, promising both private investment and public amenities for Miami residents and visitors alike.

Miami Voters Approve Watson Island Land Sales for New Condo Developments