The developer of the Flagstone Island Gardens project on Watson Island has filed a lawsuit against the city of Miami, seeking $122 million in damages because the city threatened to cancel its lease.

Led by Mehmet Bayraktar, Flagstone Island Gardens LLC and Flagstone Development Corp. was selected by the city in 2002 to lease and develop a project on Watson Island, which is along the MacArthur Causeway on the way to Miami Beach. Work on the site stalled during the recession, plus several ultimately unsuccessful lawsuits from community activists opposed to the project.

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