SeaVault Mega-Yacht Marina Slip Sales Begin

SeaVault is a state-of-the-art megayacht marina complex in Miami with 14 of the world’s most elaborate yacht berths, all available for individual, deeded slip ownership, for vessels up to 230 feet (70 meters) in length. Formerly called Miami Mega Yacht Marina, SeaVault has been designed to serve as a temporary residence for 14 mega-yachts, complete with living quarters for yacht owner’s, captain, and crew. The yacht owner will purchase one slip that comes with the captain and crew quarters.

Property owner and developer, Homero Meruelo dreamed up this mixed-use facility that will offer just about everything yacht owners, captains, and crew could need in one location, making SeaVault an ideal homeport option. The plan includes amenities on the secured site such as, a clubhouse, tennis courts, swimming pool, cold storage building, and private vehicle parking with tropical landscaping.
Approval for the crew living quarters as part of the commercial marina was up to the city’s planning and zoning office. “That was a very exciting day, yes,” he said. “We’ve just received approval of the City of Miami to build this facility. Now it’s on to the board of county commissioners,” which will be called on to OK the DERM plans related to SeaVault, said Meruelo. With this project, the mega-yacht-industry will be brought to the Miami River, something which has been migrating north to Palm Beach County in recent years.

The Miami River has been home to working marinas and shipyards for a long time now and SeaVault represents Miami’s ambition to conserve its tie with the yachting industry. “I’m looking forward, finally, to having a major yachting facility in Miami. That has been lacking for so many years,” Meruelo said. Sales have only just begun, but there’s plenty of interest in what SeaVault has to offer, he said. “Our brokers are dealing right now with four very interested parties – four prominent vessels out there looking for a home here in Miami,” said Meruelo. Those yachts are in the 200-foot-long range, he said.Architects working on the project say there’s nothing like it in the world, making it the first of its kind – one location for everything boating. “They belong on the Miami River, sheltered and closed, and in close proximity to all of Miami’s social life,’ Meruelo said of the all-inclusive mega-yacht marina plan. Now, success of the sales will determine the next steps. “Obviously, that’s the catalyst to get this project under way,” he said. The goal is to reach 50% sales (seven slips) by the end of 2015 and if this occurs, the first steps of construction will start in the first quarter of 2016. If construction begins then, SeaVault should be completed by the first quarter of 2017.
For more information, please visit http://seavaultmiami.com