BH3 Management and Merrimac Ventures partnered in early 2023 to acquire the leasehold interests of 10.8 waterfront acres on the southern portion of Miami’s Watson Island. The joint venture draws upon its local roots and collective experience to execute the City of Miami’s long-held vision of a thriving waterfront destination on Watson Island, which is one of the most desirable remaining properties in South Florida, situated along Biscayne Bay midway between Downtown Miami and Miami Beach.
Miami voters approved plans for the privately funded development of City-owned land on Watson Island in 2001. BH3/Merrimac obtained further zoning and use enhancements through public referendum in November 2024 that enable the partnership to proceed with its development plans that consist of hotels, for-sale condominium residences, retail and office components.
Address: Watson Island, Miami
