Recently, IGY Marinas announced that they had expanded their portfolio to One Island Park, which is located on the Terminal Island of Miami Beach. The success of this process marks a crucial milestone to the company considering that this is the first time that it will be offering its services to the South Florida Market. Presently, the marina is open and yachts are being welcomed to the new destination, which has been branded “One Island Park-Miami Beach an IGY Marinas Destination.”
While speaking about the company’s achievements, Tom Mukamal, IGY Marinas’ CEO, posited that new super yacht facility would have a significant impact on the entity’s growth strategy. He went on to assert that IGY Marinas would be able to display their unrivaled services to the growing super yacht market. In addition, the executive remained optimistic that the company would attract larger vessels to the area. He could not hide his joy regarding the corporation’s prospects in 2017.
One Island Park-Miami Beach has a large mega yacht dock that is able to accommodate vessels having a length of over 222 meters or 730 feet and a depth of 12 meters of 40 feet. Notably, this location places IGY at a better position to collect marinas and harbor some of largest vessels in the globe. In the western Hemisphere, IGY has five locations where yachts having over 91 meters or 300 feet can dock. To ensure that the transition process is smooth, the company has enlisted the services of Gili Wojnowich who will serve as the general manager. The alumnus of the Emory University is fluent in Hebrew, Spanish and English. He graduated with a bachelor’s degree in Finance and Spanish. The Certified Marina Manager (CMM) is expected to develop innovative strategies that will attract more yachts to One Island Park.
The management of IGY Marinas, including Founder and Chairman Andrew Farkas is optimistic that Miami will be the new location for crew, owners and captains of super yachts. The marina is not subjected to the provisions of Captain of the Port (COTP) zone regulations. This rule allows yachts within South Florida waters to dock and depart at will. Considering that it is adjacent to the U.S. Coast Guard Station, One Island Park-Miami Beach is secure. Through this new destination, the corporation is confident of enlisting a large client base owing to its award-winning services. To this end, they will make higher profitability margins, which shall be used to enhance its market share in the competitive super yacht market.