SOURCE: Marina Palms Yacht Club & Residences

May 01, 2013 10:29 ET

Marina Palms Yacht Club & Residences and Ferretti Group Announce a $9 Million Grand Penthouse-Yacht Luxury Package

A Grand Penthouse Designed by Steven G, a 69-Foot Ferretti Yacht and a 70-Foot Wet Slip Offered at Miami's First New High-Rise Residences With Private Marina in Two Decades

NORTH MIAMI BEACH, FL--(Marketwired - May 01, 2013) -  Marina Palms Yacht Club & Residences and Ferretti Group America have announced an exclusive package designed to maximize the project's unique luxury waterfront lifestyle. The pair is offering a Grand Penthouse -- complete with a customized Steven G interior design -- a 69-foot Ferretti 690 yacht and a 70-foot wet slip. The price: a mere $9 million.

"We're extremely excited to offer buyers a unique package that complements all of the brands involved -- Marina Palms, The Ferretti Group and Interiors by Steven G," said George Helmstetter, principal at The DevStar Group, whose affiliate is co-developing Marina Palms with an affiliate of The Plaza Group. "This is a classic example where the value of the whole is greater than the sum of its parts. We're taking advantage of our synergies to provide buyers with an option unrivaled by any other project in the market." 

This partnership is a great fit for Ferretti Group and yachting enthusiasts for a variety of reasons, said Brett Keating, VP Marketing with Ferretti Group America, the Fort Lauderdale-based Americas headquarters for the Italian yacht conglomerate. The Ferretti 690 made its US debut this February during the Miami Yacht & Brokerage Show and is undoubtedly one of the most innovative yachts that Ferretti Yachts has produced below 70 feet with a full beam master; and largest in-category salon, cockpit and fly bridge. Other packages can be customized based on a buyer's individual desires. 

"The offer is ideally suited toward those who appreciate South Florida's boating lifestyle, including Ferretti's Latin American and international customers who are buying second homes and keeping their boats in a place many call the 'Yachting Capital of the World,'" Keating said. "Marina Palms' location on Biscayne Boulevard and the Intracoastal, just minutes from Haulover Inlet, make this project a great location for any boat or yacht owner."

The Ferretti Group is one of the world's leading players in the design, construction and sale of motor yachts, with a unique portfolio of eight of the most exclusive and prestigious brands and vessels ranging from 27 to 300 feet in length. 

The Grand Penthouse is 4,300 sq. ft. with 600 ft. of terrace space and features four bedrooms, 4 1/2 bathrooms and comes standard with secured elevator access, Snaidero cabinetry, stone counter tops, and Wolf, Miele and Sub-Zero appliances including a dual-zoned wine storage unit that holds up to 78 bottles. It also includes two reserved parking spaces.

Penthouse buyers at Marina Palms enjoy unobstructed, panoramic waterfront views across the full-service marina and east to the Intracoastal and the Atlantic. 

"It is an interesting option for buyers," said Director of Sales Michael Internoscia. "In Sunny Isles, Penthouses have sold for more than $20 million, but at Marina Palms you get a magnificent Penthouse, a 70 foot boat slip in the newest yacht club in South Florida and your very own Ferretti 690, all for less than half that price." 

Located at 172nd Street and Biscayne Boulevard in North Miami Beach, Marina Palms Yacht Club & Residences will offer amenity-rich living, unparalleled services and a boating lifestyle designed for yachting enthusiasts. With one million sq. ft. of livable space fronting a waterfront promenade, the residential development will entice any buyer in search of luxury waterfront living.

Every two-, three- and four-bedroom residence and penthouse in the two-tower development will offer standard amenities such as butler service, infinity-edge pools, a state-of-the-art gym, a spa, treatment room, sauna, steam room, and workout studios, a news café, club room with bar, billiard table and 100" plus TV, children's playroom and teens' lounge and secure, gated access with 24-7 valet service. The much anticipated development will be complemented by a full-service yacht club consisting of 112 wet slips -- all perched on the Intracoastal a mere 20 minutes from the ocean.

For sales information on Marina Palms Yacht Club & Residences visit, email Sales Director Michael Internoscia at, or call (305) 508-5552. To learn more about the Ferretti 690 please visit

About Marina Palms:

Marina Palms Yacht Club & Residences represents the first luxury high-rise and full-service marina/yacht club development in Miami-Dade County in more than 20 years. Developed by affiliates of The DevStar Group and The Plaza Group, the two residential towers each will have 25 floors with a combined 468 condo units. The marina and yacht club will offer concierge service and 112 slips with mooring for yachts in excess of 90 feet. To learn more, visit

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