The development of luxury condos on Fisher Island — stalled for years during an international battle among mysterious offshore companies and would-be heirs — may soon go forward, even as a spirited clash continues over ownership of the 18 acres.The fight has stretched through courts in the United Kingdom, Liechtenstein, the Republic of Georgia, Gibraltar and the United States.
It is complicated by a mind-boggling maze of corporate structures and trusts and spiced with speculation of political assassination and treachery fit for a Russian spy novel.After six years, the warring parties have come together to ask U.S. Bankruptcy Judge A. Jay Cristol to bless a deal that will allow Fisher Island Investments to break ground on the upscale condo project — capitalizing on Miami’s red-hot boom in ultra luxury construction — even as key issues remain in dispute, including who is the rightful owner of Fisher Island Investments.
via A deal may allow a Fisher Island luxury condo development to begin construction after long delays.