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Super-yacht marina opens on Miami’s Watson Island. The $1 billion Island Gardens development has been 14 years in the making. Built to accommodate 50 super-yachts, measuring up to a staggering 550 feet in length. Plans to break ground for retail, restaurants, luxury hotels, and a residential tower will begin in the fourth quarter. The development is projected to generate $98 million during the first three years of operation. Expected completion in 2018.