Jungle Island Redevlopment

Terra Acquisitions Florida, LLC

Representation of real estate developer Terra in connection with a comprehensive proposed redevelopment of 18.5 acres owned by the City of Miami on Watson Island, currently leased to the operator of the Jungle Island eco-adventure park. The project involves the $135 million sale to client of a 5.4-acre portion of the site for a private residential condominium development with approximately 600 units, up to 25,000 square feet of retail, and structured parking, as well as the development of a new 13-acre public park. Representation includes the negotiation of conveyance and development agreements with the City of Miami and State of Florida, and counsel in connection with the City’s applicable referendum process. The project was approved by a majority of City voters in November 2024.

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Eric Singer
Partner
Krista D. DeCastro
Of Counsel
Lucas Pizzutti
Associate
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Experience
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...
Experience
Analyzed cleanup strategies in order to resolve soil and contamination issues on homebuilder client’s property in Broward County, Florida. Negotiation with the Broward County Environmental Protection Division to obtain a restrictive covenant to allow for residential development on the property.
Experience
Representation of real estate investment company in connection with the environmental investigation and remediation plan for a five acre residential community and golf course. Successfully determined scope of assessment and provided recommendations for final remediation plan while representing clien...
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