Miami's first and only seaplane base might be in line for a major facelift after settling a seven-year legal battle with the city, its landlord on Watson Island.
The proposal has been moving forward since the operator and the Miami Sports and Exhibition Authority, which leases the 2.9-acre property, ended their legal dispute in 2014 with a new lease spelling out redevelopment parameters.
Nautilus Enterprises LLC wants to build a 44,838-square-foot terminal and a 3,600-square-foot hangar and add 51 parking spaces. The existing 2,038-square-foot terminal would be converted to a restaurant and bar, and a small customs trailer would move into permanent quarters.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.