
Mehmet Bayraktar, the developer behind the planned mixed-use development on Miami’s Watson Island, obtained financing for his $1 billion project. Bayraktar received a $22.67 million mortgage from Demir-Halk Bank, based in the Netherlands, on May 11, according to Miami-Dade County records. Island Gardens, designed by Nichols Brosch Wurst Wolfe & Associates, would include two luxury hotels, a residential building, retail and restaurants.