ESJ Capital Partners, a full-service asset management firm based in Aventura, Florida, today announced its latest acquisition – Jungle Island – the 18-acre landmark attraction located on Watson Island in Miami, Florida.
The $60 million transaction includes transfer of the existing lease on the City of Miami-owned Watson Island to ESJ, along with assuming existing park debt to the City of Miami, Miami-Dade County and the U.S. Department of Housing and Urban Development (HUD).
ESJ will be enhancing the park through a three-part renovation and expansion, as well as opening a private beach club. The initial phase, to debut this summer, will include zip lines that will allow riders panoramic views of the Miami skyline and the park, children adventures, water slides and crystal lagoon. Enhancements to the park’s popular banquet facilities and upgrades to food and beverage will also be realized.
The phased multi-million dollar renovation, expected to take two years to complete, will focus on upgrading the park’s offerings and further re-focus Jungle Island as an eco-adventure destination.
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