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Article: SEASIDE LUXURY.
- Article from:
- WWD
- Article date:
- February 16, 2005
CopyrightCOPYRIGHT 2005 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Moin
NEW YORK -- Luxury brands will soon have a wider berth for expansion, if they think beyond malls and consider marinas.
Island Capital Group LLC, a New York-based real estate firm, plans to transform existing marinas and build new ones around the world that will encompass state-of-the-art docking for mega-yachts, smaller cruise ships and other craft, as well as upscale shopping, dining, hotel and recreational facilities. The intent is to create "lifestyle destinations" that draw the rich, the super rich, and the aspirational, from land or sea.
The strategy -- disclosed exclusively to WWD by Island Capital officials -- ...