The largest superyacht to be built in Canada has begun construction at Crescent Custom Yachts.

The 50 metre Crescent 164 was sold to an American owner, who has already named the yacht Danzante Bay after his Mexican resort and golf course.

The deal was brokered by Northrop & Johnson’s Paul Daubner and Steve Elario.

The yacht will be built at the yard’s Richmond facility. Details remain scarce, with the guest accommodation, designers, propulsion package and scheduled delivery date still under wraps.

The yacht is being built from a composite hull bought from Christensen Yachts in Vancouver.

Speaking about the project, Crescent Custom Yachts principal Tim Charles, said: “We are excited to add this exception vessel to our line of custom yachts. The hull is well built and is a proven platform for the Crescent design.”

The news comes after Crescent Custom Yachts announced new ownership in October 2015. The yard was acquired by Charles and immediately re-started work on stalled projects.