Developers are now planning a total of four towers on Watson Island, according to the Herald.
The development proposals are contingent on two separate items to be voted on by City of Miami voters in a referendum, scheduled for tomorrow.
On the north side of the island, two residential towers are planned to rise 40 stories each, by developers Terra and ESJ Capital Partners. There would be between 500 and 600 residential units between the two.
In addition to compensating the city for the land, the developers would build a public park.
On the south side, BH3 and Merrimac Ventures want to build two towers, rising approximately 30 and 40 stories each.
The taller tower would have 105 condos and 150 hotel rooms, while the shorter would be a lifestyle hotel with over around 350 rooms. Residences would be priced above $1m.
There would also be retail, restaurants, and offices on the south side.
Permitting for the BH3 and Merrimac project would begin in 2025, with groundbreaking in 2026.
