Miami-Dade County

New plan would put a marina, restaurants at Seaquarium site. Here are 5 takeaways

Aerial view of the Miami Seaquarium, in Virginia Key, that will be closing on Sunday October 12, after 70 years in business, almost a year after the seaquarium filed for bankruptcy and is planning to sell the lease on its public waterfront property for $22.5 million to developer David Martin and a subsidiary of his development company, Terra, on Friday October, 10 2025.
Aerial view of the Miami Seaquarium in Virginia Key on Friday, Oct. 10, 2025. pportal@miamiherald.com

Developer David Martin is set to transform the Miami Seaquarium into a vibrant marina and entertainment complex, while maintaining its marine life legacy. The project aims to revitalize the iconic site with a focus on commercial ventures and public spaces.

FULL STORY: The Miami Seaquarium’s next era: boat slips, chefs, an aquarium. But no dolphins

Visitors seen at the Miami Seaquarium, in Virginia Key, that will be closing on Sunday October 12, after 70 years in business, almost a year after the seaquarium filed for bankruptcy and is planning to sell the lease on its public waterfront property for $22.5 million to developer David Martin and a subsidiary of his development company, Terra, on Friday October, 10 2025.
Visitors are seen at the Miami Seaquarium in Virginia Key on Friday, Oct. 10, 2025, two days before it closed after 70 years in business. Pedro Portal pportal@miamiherald.com

Here are the highlights:

  • Martin plans to invest as much as $100 million to develop an aquarium complex, marina, baywalk promenade and a Fishermen’s Village-themed restaurant area at the Seaquarium site. The marina will serve as the primary revenue driver, featuring piers, floating docks and drydock facilities for smaller boats.
  • The redevelopment plan includes potentially converting the Seaquarium’s gold geodesic dome into an all-weather event space and introducing waterfront wellness offerings. High-end dining options will complement casual, accessible food choices.
  • The current Seaquarium owners are responsible for relocating marine mammals before Martin’s firm, Terra, assumes the lease. The project still needs approval from a bankruptcy judge and the Miami-Dade County Commission.
  • Martin’s track record with public land developments and political connections suggests favorable prospects for the project. He has received support from key Miami-Dade officials and has a history of philanthropic contributions.
  • Environmental considerations are central to Martin’s plans, with discussions on low-impact dredging and seagrass preservation. The project aims to balance commercial development with educational and conservation initiatives, potentially partnering with the University of Miami.

The summary points above were compiled with the help of AI tools and edited by journalists in the Miami Herald newsroom. The full story in the link at top was reported, written and edited entirely by Miami Herald journalists.

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