Bankruptcy court approves Terra’s Miami Seaquarium takeover
A bankruptcy court approved Terra’s lease takeover of the Miami Seaquarium property in Key Biscayne. David Martin’s Coconut Grove-based firm has a $22.5 million lease deal in place for the 38-property at 4400 Rickenbacker Causeway, which is owned by Miami-Dade County. The deal, which still requires county commission approval, marks the next chapter for the Miami Seaquarium and one without marine mammals. They will be relocated under the proposal, according to a filing in Delaware’s bankruptcy court. The Seaquarium has been operational since 1954. Terra’s Resilient Aquarium LLC plans to pump up to $100 million into renovating, modernizing and redeveloping […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Faena Residences developers presell $30M penthouse for record price along Miami River
“Animal House”: Brickell condo owners outraged by short-term rental goons
NFL’s Larry Ogunjobi turns developer with $16M spec home in Biscayne Point
Firms tied to Argentine soccer money probe bought four Miami-Dade properties
$1M rent, $100 steaks: Inside Coconut Grove’s booming restaurant scene
Miami secures $193M permit to build civic center at Freedom Park
Wetland development cost Florida homeowners $1.6B in flood damages, study finds
South Florida’s top deals: Double Venetian Islands property trade for $33M
Average 30-year mortgage rate climbs to highest level in nearly a year
New NAR survey: Americans value walkable neighborhoods
