Fisher Island Vacant Lot Sells $123 Million
Posted: October 20, 2022 | Source: www.multihousingnews.comA 6.5-acre vacant lot on Miami Beach’s Fisher Island has sold for $123 million to Related Group, Florida’s largest condominium developer. Fisher Island is named after Carl Fisher who was an Indianapolis-based automotive entrepreneur. In the early 1900s, Fisher developed the New York-to-San Francisco Lincoln Highway and later created much of Miami Beach. Fisher Island is one of the most exclusive neighborhoods in the world, accessible only by boat, ferry or helicopter. Related Group plans to build a 50-unit condominium development, sales will be by invitation only.