MiamiDade Committee Advances Miami: 7 Proven Miami-Dade Committee Advances Miami Seaquarium Revamp: Mistakes to Avoid

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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAwNzkz”,”databaseId”:1000793,”title”:”Miami-Dade committee advances David Martin’s takeover of Miami Seaquarium”,”status”:”publish”,”slug”:”miami-dade-committee-advances-miami-seaquarium-revamp”,”uri”:”/miami/2025/11/14/miami-dade-committee-advances-miami-seaquarium-revamp/”,”link”:”https://therealdeal.com/miami/2025/11/14/miami-dade-committee-advances-miami-seaquarium-revamp/”,”dateGmt”:”2025-11-14T21:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eA Miami-Dade County committee gave David Martin’s Terra the green light to take over the troubled Miami Seaquarium in Virginia Key. Now the Coconut Grove-based firm will seek approval from the full county commission next month. u003c/pu003enu003cpu003eOn Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt company that owned the longtime attraction. A Terra affiliate is buying the lease and Miami Seaquarium for u003ca href=”/miami/2025/10/02/inside-developer-david-martins-bid-for-miami-seaquarium/”u003e$22.5 millionu003c/au003e.u0026nbsp;u003c/pu003enu003cpu003eA u003ca href=”/miami/2025/10/17/bankruptcy-court-approves-david-martins-takeover-of-miami-seaquarium/”u003eDelaware bankruptcy courtu003c/au003e approved the deal, but it needs the county’s approval because Miami-Dade owns the property at 4400 Rickenbacker Causeway.u0026nbsp;u003c/pu003enu003cpu003eMartin aims to reimagine the aging Virginia Key landmark into a vibrant waterfront destination. His plan entails a new marina, baywalk, retail and restaurant row, plus an accredited aquarium that will not house any marine mammals.u003c/pu003enu003cpu003e“Our team is excited to advance on a plan that will see at least $100 million invested in restoring the site as a destination for locals and visitors,” Martin said in a statement. “The redeveloped seaquarium will also generate significant community benefits, including more than $750 million in revenue for the county and hundreds of jobs.”u003c/pu003enu003cpu003eThe appropriations committee’s vote was a key step in reshaping the fate of the 38-acre property, said county commissioner Raquel Regalado, whose district includes u003ca href=”/miami/2014/07/02/miami-seaquarium-deal-is-done/”u003eMiami Seaquariumu003c/au003e and who is the county’s representative in the Chapter 11 bankruptcy case by the current owner, MS Leisure Company.u0026nbsp;u003c/pu003enu003cpu003e“We really wanted to send a clear message to the bankruptcy court that we are moving forward,” Regalado said at the committee meeting. “We can’t move the marine mammals until we get the green light from the county commissioners.”u003c/pu003enu003cpu003eu003ca href=”/miami/2025/05/16/terra-plans-live-local-project-at-south-dade-gov-center/”u003eTerrau003c/au003e intends to modernize the site by adding new event spaces in the iconic Buckminster Fuller dome, a fisherman’s village, wellness facilities and a conservation research center.u003c/pu003enu003cpu003eThe county’s involvement was triggered after MS Leisure Company — a subsidiary of The Dolphin Company — filed for Chapter 11 bankruptcy in April. Miami-Dade first threatened eviction in 2023, alleging the operator violated animal welfare laws and failed to maintain Miami Seaquarium. The same year, the death of Tokitae, better known as Lolita the orca, intensified public scrutiny. Last year, county officials followed through on their threat and filed an eviction lawsuit against u003ca href=”/miami/2024/06/26/miami-seaquarium-hit-with-eviction-lawsuit/”u003eMS Leisure Company.u003c/au003eu0026nbsp;u003c/pu003enu003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”HIs Coconut Grove-based Terra is poised to acquire county lease in $23M deal”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-14T21:37:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eA Miami-Dade County committee has advanced a proposal by developer David Martin’s firm, Terra, to take over the Miami Seaquarium lease from its bankrupt operator, MS Leisure Company, for $22.5 million.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe deal, which has been approved by a Delaware bankruptcy court, now requires final approval from the full Miami-Dade County commission next month, as the county owns the 38-acre property.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eMartin plans a $100+ million redevelopment to transform the site into a waterfront destination featuring a new marina, retail, restaurants and a new accredited aquarium that will not house any marine mammals.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/Wk3XzsjZcinx4VXJ5G2V/Wk3XzsjZcinx4VXJ5G2V.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/MIA-Seaquarium-Redevelopment-Wins-County-Approval-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/MIA-Seaquarium-Redevelopment-Wins-County-Approval-1400×933.jpg 1400w, /wp-content/uploads/2025/11/MIA-Seaquarium-Redevelopment-Wins-County-Approval-300×200.jpg 300w, /wp-content/uploads/2025/11/MIA-Seaquarium-Redevelopment-Wins-County-Approval-700×467.jpg 700w, /wp-content/uploads/2025/11/MIA-Seaquarium-Redevelopment-Wins-County-Approval-200×133.jpg 200w, /wp-content/uploads/2025/11/MIA-Seaquarium-Redevelopment-Wins-County-Approval-768×512.jpg 768w, 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(Terra)”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”Miami-Dade Committee Advances Miami Seaquarium Revamp”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”David Martin’s Terra cleared its first hurdle in takeover of Miami Seaquarium.” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/11/14/miami-dade-committee-advances-miami-seaquarium-revamp/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”Miami-Dade committee advances David Martin’s takeover of Miami Seaquarium” /u003enu003cmeta property=”og:description” content=”David Martin’s Terra cleared its first hurdle in takeover of Miami Seaquarium.” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/14/miami-dade-committee-advances-miami-seaquarium-revamp/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-14T21:30:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-Seaquarium-Redevelopment-Wins-County-Approval.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Francisco Alvarado” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”A Miami-Dade County committee gave David Martin’s Terra the green light to take over the troubled Miami Seaquarium in Virginia Key. Now the Coconut Grove-based firm will seek approval from the full county commission next month.  On Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt company that owned the longtime attraction. A Terra affiliate is buying the lease and Miami Seaquarium for $22.5 million.u0026nbsp; A Delaware bankruptcy court approved the deal, but it needs the county’s approval because Miami-Dade owns the property at 4400 Rickenbacker Causeway.u0026nbsp; Martin aims to reimagine the aging [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Shea Monahan” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”2 minutes” /u003enu003cscript type=”application/ld+json” 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Now the Coconut Grove-based firm will seek approval from the full county commission next month.  On Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt company that owned the longtime attraction. A Terra affiliate is buying the lease and Miami Seaquarium for $22.5 million.u0026nbsp; A Delaware bankruptcy court approved the deal, but it needs the county’s approval because Miami-Dade owns the property at 4400 Rickenbacker Causeway.u0026nbsp; Martin aims to reimagine the aging [u0026hellip;]”,”isAccessibleForFree”:”false”,”hasPart”:{“@type”:”WebPageElement”,”isAccessibleForFree”:”false”,”cssSelector”:”#the-content”},”copyrightHolder”:{“@id”:”https://therealdeal.com/#organization”,”name”:”The Real Deal”},”copyrightYear”:”2025″,”alternativeHeadline”:”HIs Coconut Grove-based Terra is poised to acquire county lease in $23M deal”,”backstory”:{“@type”:”CreativeWork”,”text”:”A Miami-Dade County committee gave David Martin’s Terra the green light to take over the troubled Miami Seaquarium in Virginia Key. Now the Coconut Grove-based firm will seek approval from the full county commission next month.  On Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt company that owned the longtime attraction. 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