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GlobeSt.com UPDATE: Three Firms Bid on Watson Island Project

MIAMI-Each of the locally backed development groups proposes slightly different uses for the 86-acre, artificial island adjacent to the Port of Miami cruise ship-turning basin.

By David R. Corder | Updated on July 20, 2001

MIAMI-Three development groups, backed by prominent local interests, are vying for bidding rights to develop a multimillion dollar mixed-use marina project on Watson Island, an 86-acre artificial island adjacent to the Port of Miami cruise ship-turning basin.

Two of the respondents propose construction of a mixed-use marina and hotel facilities, while the third envisions a tourism-related development.

Bids came from Flagstone Properties, a Celebration, FL-based company affiliated with Miami-based Continental Companies; Swerdlow Marine Partners, a Miami-based affiliate of Hollywood-based Swerdlow Real Estate Group Inc.; and Miami-based Watson Island Partners, an affiliate of Miami-based BAP Development Inc., Bermello, Ajamil & Partners Inc. and N.Y.-based Millennium Partners.

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