Miami tells Flagstone to beat it after developer files $122M lawsuit
Following a stunning Miami City Commission vote declaring Flagstone Island Gardens in default of its agreements to build a resort on publicly owned Watson Island, developer Mehmet Bayraktar has filed a $122 million lawsuit accusing the city of double-crossing its long-time business partner.
The city, in turn, sent a message Monday to the embattled developer: Turn over your keys and get off our property.
“The city of Miami hereby officially demand[s] that Flagstone immediately vacate the property and the easement area and turn over to the City for the City’s possession all of Flagstone’s rights and interest in the property and the easement area,” City Manager Daniel Alfonso wrote in a letter addressed to Bayraktar. “The keys, locks, electronic entrance cards, passes, and their equivalent should be immediately tendered to the City of Miami.”
If Flagstone wants to “peaceably surrender the property” — including a $52 million marina it only just built and opened — it ought to contact the city’s real estate director to ensure a smooth transition, Alfonso wrote.
Read more here: http://www.miamiherald.com/news/local/community/miami-dade/article156898909.html
