Photo: Miami Herald David Smiley

Photo: Miami Herald David Smiley

Miami's city manager notified developer Mehmet Bayraktar Thursday morning that Flagstone Island Gardens is in default of its master agreement on Watson Island.

In a letter sent by certified mail, Alfonso said Flagstone had failed to secure a construction loan as required by an agreement to enter into ground lease before nailing down an upland lease, and had failed to meet a May 1 construction deadline. The letter does not explain what process Flagstone might have for challenging the declaration of default.

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