Miami's 5th Street Marina has expanded by renovating an adjacent shipping yard and now includes six deepwater berths for megayachts or commercial vessels 100 feet or larger.
The marina is located on the lower Miami River and includes a boatyard, electronics store and engine shop. The expanded facility doubles the amount of river frontage and acreage and will include Maritime Transportation Security Act regulations, the security required by the Coast Guard to receive certain foreign-flagged vessels.
The Army Corps of Engineers recently completed an $89 million maintenance dredging of the Miami River, bringing the channel depths to 15 feet at low tide.
"We have some of Miami's best marine contractors servicing vessels in the 30- to 90-foot range. We had an underutilized adjacent shipping terminal," general manager Orin Black said in a statement. "The renovation gives opportunities for our recreational tenants to expand and diversify into the 100-plus-foot market."
The marina currently includes Norseman Shipbuilding, Langer/Krell Marine Electronics, and South Shore Marine Diesel.