Fisher Island Fuel Terminal Redevelopment Faces Legal Challenge
Related Group and Raycliff Capital have submitted plans to transform the former fuel terminal on exclusive Fisher Island into one of Miami's most anticipated luxury condominium projects. Through affiliate HRP Fisher Island LLC, the developers are proposing a 12-story building with 49 residences on 5.55 acres at 1 Fisher Island Drive.
The development group acquired the 9.55-acre property for $180 million in 2025. The current terminal operator continues to lease the site through August 2027, meaning any construction timeline is tied to that lease expiration. The remaining four acres of the site are proposed as recreational, lifestyle, and service amenities reserved for the Fisher Island Community Association.
However, the project faces significant uncertainty. The Fisher Island Community Association has filed a lawsuit alleging that the developer is negotiating a deal to sell the property to Miami-Dade County for as much as $400 million over time — a transaction the association is seeking to block through legal action.

