The latest proposals for Watson Island’s transformation reveal plans to develop luxury residential towers, hotels, retail, and expansive public spaces, set to appear on Miami’s referendum ballots today. This vision, which has evolved over the years with various project iterations, aims to reimagine the island into a high-end waterfront destination with enhanced public amenities.
A company led by Juan Carlos Mas, a member of the prominent Mas family with stakes in MasTec, has proposed a $500 million mixed-use development on 146.8 acres of county land just west of Miami Gardens at 20000 Northwest 47th Avenue. The project is planned to include workforce housing, retail, a hotel, warehouses, and recreational sports facilities. The Miami-Dade County Commission is set to review the transfer of the land lease from 13 Pista LLC to Mas’ entity, Landmark QOZB Construction LLC, on November 6, according to the South Florida Business Journal.
A partnership between JDS Development, led by Michael Stern, and entrepreneur Gianluca Vacchi has announced plans for a 420-foot luxury condominium tower at 1250 West Avenue in South Beach. Designed by Kobi Karp, the proposed tower aims to replace an existing 286-unit building currently allowing short-term rentals. Unlike the current structure, the new development will prohibit short-term rentals and offer 100 long-term residential units, each with spacious interiors over 2,000 square feet.
Developers WellDuo, Vertical Developments, and GCF Development, together with Italian yacht maker Riva, have unveiled Riva Residenze, marking the launch of the world’s first yacht-branded residential project. The 20-story development includes 36 residences, occupying two parcels with 200 feet of waterfront and a private marina with slips. Sales and marketing for the project, located at 3019 Harbor Drive, are managed exclusively by Fortune Development Sales, with prices starting at $3.5 million.
Mast Capital, Rockpoint, and The Spear Group have announced the official opening of Edera Palm Springs, a new residential community offering 264 upscale apartments in the rapidly growing village of Palm Springs within West Palm Beach. Located at 2085 South Congress Avenue, Edera Palm Springs offers a walkable garden-style community with 11 three-story buildings set amid lush landscapes, and is just a short 15-minute drive from downtown West Palm Beach. Currently experiencing a strong leasing demand, Edera Palm Springs has approximately 60% of units leased shortly after opening.
