Discover a thriving destination on Watson Island. Situated along Biscayne Bay midway between Downtown Miami and Miami Beach.

Developed by ESJ, Terra Group, BH3 Management & Merrimac Ventures.

The Project
Latest News
The Developers
The Location
Why Miami
Contact Us

THE PROJECT

BH3 Management and Merrimac Ventures have joined forces to realize the City of Miami's long-standing vision of transforming Watson Island into a bustling destination. This collaborative endeavor will leverage their extensive local connections and combined expertise to develop 10.7 acres of land on the island, which is one of the most significant properties in South Florida, located along Biscayne Bay between Downtown Miami and Miami Beach.In 2001, Miami voters endorsed the plans for the privately-funded development of the City-owned land on Watson Island. The site plan has already been approved and features a mix of hotel, retail, and residential spaces, along with new public areas and a waterfront promenade.

LATEST NEWS

Developers plan to improve Watson Islands and await Miami voters' decision.

Miami’s real estate landscape is on the brink of a significant transformation. Two major development projects are set to redefine key areas of the city, with plans for hundreds of new units in the pipeline. The city's voters will soon decide whether to greenlight the sale of land on Watson Island to two prominent development groups, each with ambitious visions for creating upscale residential properties.
One of the standout projects comes from a collaboration between ESJ Capital Partners and David Martin’s Terra. Known as Ecoresiliency Miami, this joint venture is poised to inject new life into the Jungle Island property. The proposed deal, which involves a tentative payment of $135 million, would see Ecoresiliency Miami acquire 5.4 acres of the 13.3-acre Jungle Island site located at 1111 Parrot Jungle Trail. ESJ Capital Partners, currently holding the lease for Jungle Island, has partnered with Terra to spearhead this exciting new proposal.
Simultaneously, another high-profile development is in the works for the Watson Harbour site. BH3 and Merrimac Ventures are gearing up to construct approximately 100 units, further enhancing Miami's real estate offerings. These developments signal a new era for Miami, promising modernized, upscale living spaces that cater to the city's growing demand for luxury residences.

THE TEAM

DEVELOPERS

ESJ Capital Partners, established in 2008 by Arnaud Sitbon, is a multifaceted, institutional, vertically integrated real estate investment company. ESJ leverages its extensive knowledge and proficiency to capitalize on appealing opportunities across the United States, particularly concentrating on the Southeast area. They provide a range of investment prospects in diverse real estate categories. Their present market emphasis extends throughout the USA, with a particular focus on the Southeast.Since founding the company in 2001, Terra has been instrumental in fostering new prosperity in both established and burgeoning communities. By considering each endeavor as a distinct development opportunity, they have crafted custom, purpose-designed properties that have effectively acted as catalysts for their respective areas and inspired future expansion. To date, the firm has accumulated a portfolio exceeding five million square feet of residential and commercial real estate valued at over $8 billion across all major real estate asset types, including multifamily apartments, luxury condominiums, single-family homes, retail and office space, hospitality, and industrial properties.

DEVELOPERS

Established by Mr. Lebensohn and Mr. Freedman, BH3 Management allocates investments across the capital structure in both debt and equity through a range of investment instruments. BH3 Management runs a multi-faceted real estate platform and has cultivated substantial expertise in numerous value-enhancing real estate and construction endeavors. BH3 boasts a history of investing across various property types, locations, and investment profiles.Merrimac Ventures is a Florida-based development firm. Its investments include resort, mixed-use, multi-family residential, condominiums, retail and office developments. Their projects are transformational, as they help and advance cities. Some of their prestigious investments include Paramount Miami World Center and The Crosby.

WATSON ISLAND

THE LOCATION

Project Address:
Waston Island, Miami, Florida 33132

- Brickell City Centre: 12 minutes’ drive- Downtown: 8 minutes’ drive- Wynwood: 12 minutes’ drive- Miami Beaches: 20 minutes’ drive- Miami Airport: 20 minutes’ drive- Key Biscayne: 18 minutes’ drive

WHY INVEST IN MIAMI

Investing in Miami offers numerous benefits, making it a prime real estate destination. Miami's strategic global location ensures robust economic growth and a thriving job market. The city attracts millions of tourists yearly, driving high demand for rental properties. Its real estate market boasts strong property appreciation and diverse investment opportunities. Miami offers a rich cultural scene, world-class dining, shopping, and entertainment, alongside beautiful beaches and a warm climate. The favorable tax climate, with no state income tax, further enhances its appeal. Excellent transportation infrastructure, including Miami International Airport and PortMiami, ensures seamless connectivity. With vibrant communities and continuous development, Miami promises immediate returns and long-term growth, making it an ideal investment choice.