The developer of Island Gardens has submitted revisions to a MUSP for the project, in an attempt to break ground before two key deadlines.
Flagstone, the project developer, must break ground on elements of the project by certain dates, or the ground lease on the city-owned land is considered null. In addition, a MUSP approval for the project has a time limit.
In an October 2015 letter, the developer’s attorney wrote that those dates were extended by 6 months and 60 days due to a state emergency declared in 2015 from Tropical Storm Erika, in line with the state’s Permit Extension Law. The new deadlines are as follows:
MUSP expiration – July 7, 2016
Marina completion – September 7, 2016
Commencement of construction of retail/parking – April 31, 2017
Commencement of construction of hotel, if no option exercised (can be extended up to 10 years with option) – April 31, 2019
The developers met with city planners in a Coordinated Review Committee meeting on June 21 over a MUSP modification, which the architect says is a minor change.