Fisher Island fuel depot site (HRP Group property) Acquired by Miami-Dade County | Real Estate Services M&A Deal

Miami-Dade County has acquired the Fisher Island fuel depot site (HRP Group property), a real estate development business in Florida, for $400 million. The Fisher Island fuel depot site supports fuel storage and logistics for PortMiami cargo and cruise operations, while the HRP Group property is tied to plans for demolition, remediation, and luxury condo development. Miami-Dade County acquisitions in real estate services M&A target the Fisher Island fuel depot site (HRP Group property) as part of a strategic acquisition and divestiture acquisition framework. The announced strategic acquisition follows a lease expiring in 2027 and a dispute involving the Fisher Island Community Association and the Fisher Island Club, with the county facing litigation over the $400 million purchase structure.