Related Pulls Out Of Embattled $600M Miami Project

Law360, New York (August 12, 2013, 4:49 PM EDT) -- The Related Group on Friday backtracked on its plans to team up with another developer to expand a $600 million Miami marina, condominiums, hotel and retail project, in the aftermath of a lawsuit and political tug of war over the proposal.

Related has bowed to pressure from Miami Beach residents and will not work with original developer Flagstone Property Group on significantly expanding the long-delayed Watson Island project, according to statements by local political officials and Flagstone.

The proposed joint venture was at the center of...
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