PHOTOS: On the scene at Watson Island superyacht show
$1 billion mixed-use development will be completed by 2018
February 17, 2016 10:30AM
Flagstone Property Group hosted a “berth-day” for its Island Gardens marina, the first phase of the Watson Island Development.
Islands Garden Deep Harbour, along with Show Management, kicked off the Superyacht Miami show with a collection of 24 superyachts up to 250 feet and valued at more than $800 million.
The marina opened in January, nearly 14 years after developer Mehmet Bayraktar won the rights to build the controversial, mixed-use project. The $1 billion development will be fully completed between 2017 and 2018. It will include two luxury hotels, residences with hotel services and amenities, waterfront retail and restaurants, and a water taxi transportation system.
The marina offers 5,000 linear feet of capacity and accommodates about 50 yachts up to 550 feet in length. – Katherine Kallergis and Sean Stewart-Muniz
Source: The Real Deal