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BH3 Management and Merrimac Ventures have teamed up to execute the City of Miami’s long-held vision of a thriving destination on Watson Island

South Florida Firms Acquire Development Rights for City of Miami Land

BH3 Management and Merrimac Ventures have teamed up to execute the City of Miami’s long-held vision of a thriving destination on Watson Island. The joint venture will develop 10.7 acres on the island along Biscayne Bay between Downtown Miami and Miami Beach. 

Initial site work will get underway following the transfer of a City of Miami lease to BH3 Management and Merrimac Ventures.   

“For two decades, Miami residents have been anticipating the creation of a mixed-use development at this site, and now that vision will come together,”  said Greg Freedman, Principal at BH3 Management. “Our plans for Watson Island will deliver an amenity for nearby residents, as well as a destination for visitors from across South Florida and around the world.” 

Merrimac Ventures, led by brothers Nitin and Dev Motwani, is currently developing assets valued above $3 billion. The transaction was brokered by Alex Zylberglait on behalf of Marcus & Millichap. 

Read More News Stories About: Marcus & Millichap
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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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