Terra, ESJ’s Jungle Island project moving forward

After six deferrals and one meeting cancellation, the Miami City Commission voted to move forward with how it plans to allocate the funds from the pending sale of city land on Watson Island to David Martin’s Terra and ESJ Capital Partners.  In November, 62 percent of voters approved a charter amendment to redevelop Jungle Island. Terra and ESJ’s Ecoresiliency Miami will acquire 5.4 acres that are currently part of the 13.3-acre Jungle Island property at 1111 Parrot Jungle Trail in Miami in a deal that values the land at $135 million.  The assessed purchase price is $160 million, but the […]This article originally appeared on The Real Deal. Click here to read the full story.