South Florida’s waterfront development boom is no longer just about luxury condominiums, sprawling waterfront estates and billionaire compounds.
Developers, investors and local governments are spending hundreds of millions of dollars expanding marinas and building new ones to keep up with demand as billionaire migration to South Florida fuels a growing shortage of dockage for some of the world’s largest private vessels.
As billionaire hedge fund managers and tech entrepreneurs continue moving to Miami and Palm Beach, many are bringing yachts stretching well beyond 100 feet — or buying them after settling here…