New Watson Island Development Rendering Unveiled as Miami Prepares for Vote on It

This November, Miami residents will decide on the Watson Harbour project, a significant mixed-use development proposed for the south side of Watson Island. Spearheaded by BH3 Management and Merrimac Ventures, the project envisions a blend of hotels, retail spaces, offices, residences, dining areas, and public spaces strategically positioned on Biscayne Bay between Downtown Miami and Miami Beach. The aim is to revitalize a critical waterfront area in South Florida.

In 2023, BH3 Management and Merrimac Ventures acquired 10.8 acres at 888 MacArthur Causeway and developed a privately funded plan to transform it into a premier destination. If approved, the project will include new public amenities like a 2.2-acre promenade on Biscayne Bay, greenspaces, a maritime museum, and enhanced infrastructure and resiliency measures.

The development promises to significantly boost Miami’s local economy, potentially generating additional annual tax revenue. It also includes numerous community benefits, such as local hiring initiatives, retail space for nonprofits, and contributions to affordable housing and public infrastructure, notably a $9 million contribution.

Watson Harbour’s design emphasizes sustainability and modernization. It features a seawall exceeding base flood elevation standards, native flora, a new tree canopy, LED and solar lighting, and an on-site stormwater management system. This system, including rain gardens, aims to prevent water discharge into Biscayne Bay, enhancing environmental resilience.

BH3 Management and Merrimac Ventures are dedicated to realizing Watson Island’s potential as a community destination and economic driver. Leaders from both firms are eager to transform the island into a vibrant public space that benefits Miami’s urban core.

Both companies have extensive experience in large-scale developments. BH3 Management has developed over 4 million square feet of commercial real estate and managed over $2 billion in capital. At the same time, Merrimac Ventures’ portfolio includes prominent assets such as Miami Worldcenter, Four Seasons Fort Lauderdale, and several Paramount-branded condominiums.

In addition to the south side development, revised plans have been proposed for the north side of Watson Island, previously known as Parrot Jungle. Ecoresiliency Miami LLC plans to invest $135 million in creating a public park and two condo buildings with 600 units if approved. This development, led by Terra and ESJ Capital, will also involve substantial investments in public infrastructure.

On November 5, Miami residents will vote on whether to approve the Watson Harbour project, with early voting starting in October. The ballot will include language regarding amendments to the City Charter, including provisions for revising existing leases, selling property, and extending lease terms, among other details.ce; Expanded public waterfront and pedestrian promenade along Biscayne Bay.”