A very special project is coming to Watson Island in Miami Beach. The Residences of Island Gardens is a new $600M project that will be a destination for the sophisticated denizens of the world. Tranquility abounds at Watson Island, situated in the bay between Downtown Miami real estate and the bustling lifestyle of South Beach real estate. The MacArthur Causeway cuts through Watson Island with the southernmost part of the land occupied by The Miami Children’s Museum, and to the north is Jungle Island. Outside of these two attractions is a scarcely used island with a small tourist heliport, some fish marts, and a photographers dream shooting location for the Miami backdrop from all angles. With fantastic views of downtown Miami’s ever changing skyline alongside the constant display of cruise ships in and out of the port.
Flagstone Property Group is set to break ground with this enterprising development known as Island Gardens which will benefit Miami in untold ways, allowing the growing city to assemble a following of International travelers that will allow it to flourish like the yachting destinations of Saint Tropez and Portofino. This land on Watson Island is in fact owned by the City of Miami. It was deeded to the city in 1947 with the condition it must never be sold, no matter the price and rightfully so. It was also stated that if development should ever occur, it should be done with a public purpose in mind. The anchor of this future public purpose is North America’s first mega yacht marina which will draw residents, visitors and guests from all around the world. With deep navigation routes and no tidal restrictions for access, this Super yacht harbor will provide a much needed location for the growing abundance of mega yachts needing a place to dock.
Aside from the marina, which will have 50 slips fit for yachts larger than 300 feet, Island Gardens will have more than 220,000 square feet of high end retail shopping alongside the 150 room hotel managed by Shangri La Hotels and designed by world renowned architect Piero Lissoni, who was inducted into the Interior Design Hall of Fame in 2005. The hotel suites boasts floor to ceiling wall to wall windows to captivate guests with the unique Miami views from all angles.
Why buy the whole pie if you only want a piece? In addition to the hotel, Island Gardens will feature The Residences at Island Gardens Miami. The Residences will rise above the hotel at 23 floors, and will be managed and serviced by the world renowned Shangri La Hotel and Resorts. The one to four bedroom units range from 850 to 3,700 square feet with massive outdoor terraces and sold on a fractional ownership basis with eight fractions per unit. The residences are set to provide the ultimate in carefree lifestyle, with every need tended to. With full butler services, you basically arrive to Miami as the car service picks you up at the airport and takes you to your residence. Have your refrigerator stocked with groceries upon your arrival. There will be concierge services where everything is taken care of for you. The outdoor promenade will have stunning public spaces adorning the grounds at Island Gardens. These spaces will incorporate sculptured fountains, water exhibits, a landscaped promenade and extensive roof gardens to benefit Miami as a whole.
This enormous project is scheduled for completion in 2010 and Island Gardens is sure to attract a sophisticated crowd to this city. A billionaire lifestyle on a middle class budget is what you’ll find here. Sales have started off strong with many buyers’ purchasing all 8 fractions in this prime resort lifestyle experience.
Island Gardens has 5 phenomenal mixed use components including +10.5 acres of land along with 13.5 acres of submerged land to accommodate North Americas first dedicated Mega Yacht Marina for yachts ranging from 80 feet to upwards of 440 feet +221,000 square feet of open air ‘Bal Harbour Shops caliber’ retail that will include over 60 International designer labels and 8 to 12 dining establishments from bistros to celebrity chef concepts. (Architectural landscaping and design in partnership with Fairchild Gardens) +A 4 star, 29 story, 350 suite, Piero Lissoni of Lissoni Associati of Milan designed, cutting edge business hotel +The 1st Shangri La Hotel & Resort Spa in the Southeast US (Chicago 2009, Las Vegas, Miami & New York 2010, Toronto 2011) +The Residences Island Gardens, situated atop of and managed and operated by the Shangri La Hotel, on Floors 22 through 44. +The deeded Residences are available for sale as One of Eight fractions or all 8 fractions for whole ownership. The usage plan draws direct comparisons with luxury, 5 star whole ownership, at a FRACTION of the price!
Island Gardens has received the highest fractional designation of Private Residence Club and will be the only one of its kind in North America to combine fractional ownership of a luxury residence with fractional ownership of a luxury 4 cabin mega yacht. The luxury lifestyle is complimented with Phantom Rolls Royce chauffeur service. Buyers arriving by air or by sea may request to be picked up and dropped back off to their departure location as an ongoing Resident Courtesy service at all times. The Residences Island Gardens Miami provides the only opportunity to own a Piero Lissoni designed fully furnished and appointed luxury residence for as much or as little time as one desires. Many of today’s savvy buyers may be reluctant to spend millions on a primary, secondary, third residence, but would still like to come live and play like a celebrity in South Florida while putting their money into an appreciating asset. At The Residences Island Gardens, for as low as $205,000, they can! Of the 4 PH Residences which are offered only in their entirety, PH 1 reserved for $15MM when we launched at Art Basel in December. PH 2 is now available for $10MM.
With 100 residences divided into 8 fractions of 45 flexible usage days available, and fractional yacht usage options, we currently have 149 reservations (12 as Full Ownership) out of 800 total fractions in all! Feel free to write, comment or question on this exceptional new project on Watson Island.
3 thoughts on “Watson Island Welcomes Island Gardens Residences with Shangri La Hotel & Resort”
I know the financing for this project is dead and this project will not go through. If in doubt, ask the Flagstone Group.
Thank you for the financing insights to Island Gardens (Shagri La) and I trust others who are in the know will relay to the readers “what’s up?” with the Watson Island project + financing…
I guess it wouldn’t be surprising if the project is stalled or even dead in the building climate today.
I do want to say that the ideas are fantastic but the architecture is awful!!! The lower rise building looks like a poorly designed parking garage. Why would that be what is at the water’s edge???
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