Miami-Dade County officials have agreed to pay HRP Group over $180 million for land on Fisher Island, which is intended to protect a fuel depot used by the cruise industry. The property, located in Biscayne Bay, was previously owned by TransMontaigne Partners, a global energy company, which put it on the market in May 2024. The HRP Group, a Chicago-based developer, won the bidding for the land, which is the last remaining piece of real estate available for development on the island. The developer plans to build condominium towers on the property at an estimated cost of $2 billion.
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Miami-Dade County Agrees to Purchase Land on Fisher Island for $180 Million
Miami-Dade County has agreed to purchase land on Fisher Island for $180 million to protect a fuel depot. The property was sold by TransMontaigne Partners to the HRP Group, which plans to develop condominium towers at a projected cost of $2 billion.
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How Miami taxpayers could be left holding a $400m bill for luxury real estate
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Miami-Dade County Agrees to Purchase Land on Fisher Island for $180 Million