Here’s what’s next for the 38-acre Miami Seaquarium site
Developer David Martin has set his sights on his next challenge, a redevelopment of the Miami Seaquarium property in Key Biscayne. An affiliate of his Coconut Grove-based firm, Terra, has a $22.5 million deal in place to take over the lease for the 38-property at 4400 Rickenbacker Causeway, which is owned by Miami-Dade County. Resilient Aquarium LLC, the Terra entity, plans to renovate and modernize the Seaquarium. The marine mammals will be relocated under the proposal, according to a filing in Delaware’s bankruptcy court. The current operator, MS Leisure Company, filed for Chapter 11 bankruptcy in April. Integra Investments was […]This article originally appeared on The Real Deal. Click here to read the full story.
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