{"id":297545,"date":"2026-06-05T19:03:09","date_gmt":"2026-06-05T19:03:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/297545\/"},"modified":"2026-06-05T19:03:09","modified_gmt":"2026-06-05T19:03:09","slug":"related-group-galbut-part-of-fisher-island-fuel-depot-redev","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/297545\/","title":{"rendered":"Related Group, Galbut Part of Fisher Island Fuel Depot Redev"},"content":{"rendered":"

As the fight over the last remaining development site on Fisher Island heats up, two previously undisclosed developers are part of the mix: Russell Galbut and the Related Group.\u00a0<\/p>\n

Galbut and the P\u00e9rez family\u2019s Related Group partnered HRP Group to redevelop the nearly 10-acre property on Fisher Island, a ritzy community that\u2019s only accessible by ferry, boat or helicopter, according to Political Cortadito<\/a>. HRP and partners paid $180 million<\/a> for the property in October.\u00a0<\/p>\n

Related and Galbut did not respond to The Real Deal\u2019s requests for comment.\u00a0<\/p>\n

The site is at the center of a litigious battle<\/a> between Miami-Dade County, the developers and Fisher Island residents. Miami-Dade, which was in talks to acquire the property, a fuel depot that services PortMiami and the cruise ships, for $400 million, no longer plans to pursue that deal. Instead, it will seek to acquire the site via eminent domain, the Miami Herald reported.\u00a0<\/p>\n

Two top county officials resigned over the debacle<\/a>: Miami-Dade County\u2019s COO Jimmy Morales and PortMiami Director Hydi Web. \u201cIn the end,\u201d Levine Cava wrote in a memo<\/a>, \u201cthe price tag is simply too high.\u201d<\/p>\n

HRP\u2019s CEO Roberto Perez said in a statement that it will continue to \u201caggressively\u201d pursue the redevelopment of One Fisher Island and fight any attempt by the county to acquire the site via eminent domain.\u00a0<\/p>\n

\u201cThe County finds itself in this position as a direct result of its own incompetence after years and frankly decades of failure to plan for PortMiami infrastructure. Seizing private property is not the solution for public failure,\u201d the statement reads. \u201cPrior to the mediation process, the county represented to us multiple times that alternate fuel storage options exist and rejected our offer to finance a relocation. We will defend against and defeat any attempt to condemn the property.\u201d<\/p>\n

Fisher Island residents also want the fuel depot gone. Months ago<\/a>, the Fisher Island Community Association and the Fisher Island Club sued the county seeking to halt the county\u2019s plan to seize the property via eminent domain. The county\u2019s interest is to ensure continued fuel supply for cruise ships at PortMiami. The lease is set to expire in 2027.<\/p>\n

Last month, the Fisher Island Community Association and Fisher Island Club filed a similar suit against HRP.<\/p>\n

Perez of HRP wrote in his statement that the company is not a fuel tank operator.\u00a0<\/p>\n

\u201cHRP\u2019s mission is to remediate, reimagine, and redevelop complex industrial sites to unlock the full potential of these unique projects,\u201d he said. \u201cWe identified the Fisher Island terminal property as an incredible redevelopment opportunity nearly four years ago, led a world-class partnership to acquire the property in a publicly advertised sale process\u201d and invested \u201cconsiderable resources\u201d to unlock the value.\u00a0<\/p>\n

\tRead more
\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Miami-Dade\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Fisher Island fuel depot drama pushes out Miami-Dade\u2019s port director, COO<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Heinrich\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

\u201cPerpetual danger\u201d for Fisher Island families: lawsuit filed over \u201csecret\u201d $400M fuel depot deal with Miami-Dade<\/p>\n

\t\t\t<\/a>
\n\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"HRP-led\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tDevelopment\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\t\t\t\t\tSouth Florida\t\t\t\t\t\t\t\t<\/p>\n

HRP-led entity is mystery buyer paying $180M for Fisher Island dev site<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"As the fight over the last remaining development site on Fisher Island heats up, two previously undisclosed developers…\n","protected":false},"author":2,"featured_media":297546,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[122015,123,125,124],"class_list":["post-297545","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-fisher-island-fuel-depot","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/297545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=297545"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/297545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/297546"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=297545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=297545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=297545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}