Mega-Marina Developer Files $122M Lawsuit Against Miami For Possible Breach

The developer of a mega-yacht marina has filed a $122 million lawsuit against the city of Miami. 

Flagstone Island Garden claims the city "invented" a declaration saying it defaulted on its agreement to build a hotel resort, retail space and marina so it could seize the Watson Island property off the MacArthur Causeway.

Arguing that it is the city that has breached the agreements, Flagstone also demands that Miami officials approve a modified project design, extend a permit allowing for the ongoing use of its marina, and continue to make related payments to the state to keep the project viable.

Voters in 2001 approved the development, but the marina is all that stands so far.

Flagstone is asking a judge to issue an injunction that would prohibit the city from evicting the developer. It's also asking the judge to declare the city in breach of agreements and liable for damages. 

Flagstone Island Garden is requesting a jury trial in the $122 million, eight-count claim. 

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