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Revenge of the megaprojects

The Island Gardens superyacht marina, now under construction on Watson Island, will be ready the first week of December, a.k.a. Art Basel, says Mehmet Bayraktar, developer of the marina. The rest of the project, including the commercial and residential components (condos you'll apparently be able to own for a portion of the year, kind of like timeshares, but "I wouldn't call it a timeshare" says Realtor Alicia Cervera) has yet to secure funding. [Miami Herald; Island Gardens coverage]