HRP-led Entity, Specializing in Redevelopment of Contaminated Properties, Revealed as Mystery Buyer Behind $180M Purchase of Fisher Island Development Site in Miami Beach

An entity led by HRP Group, a Chicago-based real estate firm specializing in redeveloping contaminated properties, has been revealed as the mystery buyer behind the recent $180 million purchase of a 9.6-acre development site on Miami Beach's Fisher Island. The Real Deal has learned that the parcel, which is currently home to a fuel depot owned by global energy company TransMontaigne Partners, is the last remaining plot of land on Fisher Island that is available for redevelopment.

The purchase of this prime development site has been the subject of much speculation and controversy, with many wondering who the buyer could be and what their plans for the site would be. However, the mystery has finally been solved with the revelation that HRP Group, a subsidiary of private financial services firm Hilco Global, is the entity behind the purchase.

In order for the development site to be utilized, it would require significant environmental cleanup due to its history as a fuel depot. This presents a unique challenge for HRP Group, as they specialize in redeveloping contaminated properties. A spokesperson for the firm has confirmed that they are under contract to purchase the TransMontaigne site at 1 Fisher Island, but the details of their redevelopment plans have yet to be revealed.

It is worth noting that HRP Group's involvement in the purchase of this highly coveted site adds another layer of intrigue to the already controversial deal. The Real Deal's reporting has shed light on the fact that the site's previous owner