The Real Deal Miami

PHOTOS: On the scene at Watson Island superyacht show

$1 billion mixed-use development will be completed by 2018

February 17, 2016 10:30AM

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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

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