Derecktor 85

I don't think we have discussed an important project that seems to be underway at Derecktor Shipyards.

Derecktor Shipyards announced in July, 2006 the contract signing for an 85.3 meter (280 feet) motor yacht, the largest yacht to be built in the United States in over 75 years. At 2800 tons, it is even believed that this megayacht may be the largest yacht ever built in the United States when measured by displacement.
Naval architecture is by Azure Naval Architects of Holland, exterior design by Tim Heywood, and interior design by Liz Dalton of Dalton Designs Inc.

Anyone knowing more? Will the yacht be built by Derecktor Florida? Is this 85m yacht the next Cakewalk? Has anyone seen any renderings yet? When will the yacht be delivered?