The Benetti yacht FORMOSA, built in 2015, is a luxurious superyacht that epitomizes elegance and sophistication. Here are some key details about the yacht:
General Overview
- Builder: Benetti Yachts, a prestigious Italian yacht-building company renowned for its high-quality craftsmanship and innovative design.
- Year of Build: 2015
- Length: 60 meters (197 feet)
- Beam: 10.6 meters (35 feet)
- Draft: 3.4 meters (11 feet)
- Hull Material: Steel
- Superstructure Material: Aluminum
- Gross Tonnage: Approximately 1,089 GT
Design and Features
- Exterior Design: The exterior of FORMOSA was designed by Benetti’s in-house team, showcasing sleek lines and a timeless profile.
- Interior Design: The interiors were crafted by Sinot Exclusive Yacht Design, known for their luxurious and sophisticated approach.
- Accommodation: The yacht can accommodate up to 12 guests in 5 opulent cabins, including a master suite, two VIP suites, and two twin cabins.
- Crew: FORMOSA has space for a dedicated crew of up to 16 members, ensuring top-notch service and a comfortable experience for all guests.
Performance
- Engines: The yacht is powered by two MTU 12V 4000 M53 engines.
- Max Speed: 16 knots
- Cruising Speed: 15 knots
- Range: Approximately 5,000 nautical miles at cruising speed, making her capable of long-distance voyages.
Notable Features
- Amenities: FORMOSA boasts a variety of luxury amenities, including a large beach club, a well-equipped gym, a Jacuzzi on the sun deck, and multiple alfresco dining areas.
- Entertainment Systems: State-of-the-art entertainment systems throughout the yacht, including high-definition screens and advanced audio-visual equipment.
- Tenders and Toys: The yacht is equipped with several tenders and water toys, offering guests plenty of options for on-water fun and exploration.
Ownership
- Previous and Current Owners: The yacht’s current owner is Edward Russo, Chairman of Russo Development..
Awards and Recognition
- Reputation: Since her launch, FORMOSA has been well-regarded in the yachting community for her exceptional build quality, luxurious amenities, and elegant design.
The Benetti yacht FORMOSA is a testament to the shipyard’s expertise in creating world-class superyachts that combine luxury, performance, and innovative design.
Benetti Yachts
Benetti Yachts is a luxury yacht builder based in Viareggio, Italy. The company was founded in 1873 and is one of the oldest yacht builders in the world. Benetti specializes in building custom-made motor yachts, with sizes ranging from 34 to over 100 meters in length. They are known for their high-quality craftsmanship, attention to detail and use of advanced technology. Notable projects include James Packer’s yacht IJE, Luminosity, and Lionheart.
Edward Russo
Edward Russo is a prominent figure in the real estate development industry, particularly known for his work through Russo Development, a company based in Carlstadt, New Jersey, USA. Here is a detailed overview of Edward Russo and Russo Development:
- Position: CEO and President of Russo Development.
- Background: Edward Russo has a strong background in real estate development, with extensive experience in managing large-scale projects. He is known for his strategic vision and leadership in the industry.
Russo Development
- Location: Based in Carlstadt, New Jersey, USA.
- Established: Russo Development was founded in 1969 by Edward Russo’s father, Larry Russo. Edward Russo took over the leadership and continued to expand the company’s portfolio and reputation.
Company Overview
Russo Development is a leading real estate development firm specializing in industrial, commercial, and residential projects. The company is recognized for its innovative approach, quality construction, and commitment to sustainable development.
Key Areas of Focus
- Industrial and Commercial Projects: Russo Development is known for developing high-quality industrial and commercial properties, including warehouses, distribution centers, and office buildings.
- Residential Projects: The company has also made significant strides in residential development, creating communities that combine modern design with functional living spaces.
- Mixed-Use Developments: Russo Development often undertakes mixed-use projects that integrate residential, commercial, and retail spaces, providing comprehensive solutions that cater to diverse needs.
Notable Projects
- Highland Cross: A large-scale mixed-use development in Rutherford, New Jersey, combining residential units with commercial and retail spaces.
- Vermella Communities: A series of residential communities located in various parts of New Jersey, known for their luxury amenities and convenient locations.
- Teterboro Landing: A significant redevelopment project transforming an industrial site into a vibrant mixed-use community.
Company Philosophy and Values
- Sustainability: Russo Development places a strong emphasis on sustainable development practices, incorporating eco-friendly designs and technologies into their projects.
- Community Impact: The company is dedicated to creating developments that enhance the surrounding community and improve the quality of life for residents.
- Innovation: Russo Development is committed to innovation in construction and design, continuously seeking new ways to improve their projects and meet the evolving needs of the market.
Industry Recognition
Russo Development has received numerous awards and accolades for its contributions to the real estate industry. The company is well-regarded for its high standards of quality, customer satisfaction, and innovative approach to development.
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