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Florida & Gulf Coast  + South Florida  + Apartments  | 
Related Group and partners have purchased Six Fisher Island Drive to build 50-condominium property on Fisher Island in Miami.

Partnership Closes on Last Development Parcel on Fisher Island for Reported $123M

According to a BusinesWire report, Related Group — along with partners Teddy Sagi, BH Group and Wanxiang America RE Group — has closed on the purchase of Six Fisher Island Drive, the last available development site on Fisher Island in Miami, FL. The developers plan a 50-condominium property.

Separately, CBRE distributed a news release reporting its arrangement of the sale of Fisher Island’s last remaining development site for $122.6 million. Timothy Gifford and Nilmaris Negron with CBRE represented the seller, identified as a private investor, in the transaction.

The 216-acre Fisher Island is located directly off the coast of Miami Beach and is only accessible via ferry or watercraft. It has long been known as one of the country’s most exclusive communities, featuring a private golf course and beach, as well as a variety of lavish amenities, from butler service to a member-only restaurant. The man-made island has been home to many of Miami’s most notable figures.

“This is a project more than 40 years in the making,” said Jon Paul Pérez, Related president. “We look forward to delivering a truly special project that raises the island’s pedigree even higher.” The property’s sales will be by invitation only.


Inside The Story

The Related Group's Perez

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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