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No small advantage given the chronic shortage of marina space for large yachts.
The developers, Flagstone Properties, are trying to differentiate their properties by stressing that their plans include a marina for large yachts, a shopping and dining complex, a maritime museum, a spa and gardens.
The project is to eventually include 300 slips, a dry-storage facility and a maintenance yard, as well as high-speed Internet access, satellite television hookups and concierge service for large yachts.
The appeal of resorts for large yachts is not only location, said Christopher S. Merson, chief executive of the Meridian Development Group, the developer of the resort, but also the feel of an Old World seaport, with modern amenities.
Some, like the smaller Montauk Yacht Club, are to be expanded with slips for large yachts, but at others there are plans for renovations on land to create stores, tennis courts, swimming pools and million-dollar-plus condominiums to serve those that come ashore from the big boats.
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His studio, a converted barn, allowed space for large yachting canvases he bought at a nearby hardware store (5 ).
The total cost of the first phase of development is about 680 million baht, or $22.1 million, including the land cost, said Dr. Na Nagara, adding that he would consider adding berths for larger yachts in the river, outside the entrance channel to the marina, in the second phase of the project.
Island Global Yachting, which develops resorts catering to owners of large yachts, bought the aging 55-acre Montauk Yacht Club last April for nearly $33 million, according to Suffolk County records, and is renovating its 232 slips, 6 docks, 2 restaurants and 107 hotel rooms.
"We think that the fundamental factors that generated growth in excess of double digits for the last 10 years for the large yachts will continue to be there," Mr. Belloni added.
As for the large yachts, electrical power, fast-fueling diesel pumps, waste removal and wireless Internet service are provided at each slip, he said.
While others of us may be nervously checking our bank statements and cutting down our overheads in these austere days, there are people in the world inhabited by Nat Rothschild with worries of a different order, including the shortage of parking spaces for exceptionally large yachts.
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