NY Times Spotlights Island Gardens

Turkish Billionaire Mehmet Bayraktar’s (Flagstone Group) plans for Island Gardens involve a Shangri-La Hotel. The first one in the United States for the Hong Kong based luxury hotel group. There are also plans for a Westin Hotel as well. The project’s most unique feature is a marina for super-yachts (100+ ft.). Island Gardens has stirred up controversy due to the minimal space being allocated for public use by the developer. Additionally, there have been gripes about the project obstructing views of the city skyline from the MacArthur Causeway. The development is planned for a mid-2009 completion and will not be held back by a market downturn due to its large hotel segment and nominal condo segment. As it stands, it will be situated next to the proposed site for the FTAA secretariat. The New York Times has a brief project profile.


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