Plans have been announced for New England's largest marina, The Newport Club in Rhode Island. The Newport Club covers 44.5 acres of waterfront property on Aquidneck Island, plus 100 acres out into the cove itself. There will be 1,500 marina slips with retail shops, restaurants, waterfront residences, and marine-related support facilities. The slips will range up to 500 feet in hopes of drawing more megayacht traffic to the area. The Newport Club will feature resort style residences ranging from $395,000 to $2,000,000 and there are plans to build brand-name luxury hotels to create a popular yachting destination.