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.
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