has entered a new dimension.

The Ferretti Group brand, which on the shore of Lake Iseo, Italy, in 1842, launched the largest it has ever built on Thursday.

The has an overall length of 177 feet and a maximum beam of 28 feet, making it the biggest vessel in the fleet. It may not hold that title for long, though: Riva is working on a longer , but has not yet set a delivery date for that 230-footer.

“Now every yachting enthusiast and Riva fan has a new boat to dream about,” said Ferretti Group CEO Alberto Galassi. “A paragon of beauty and elegance, Riva 54 Metri showcases the unstoppable momentum of the world’s most famous shipyard in its pursuit of innovation and its celebration of the art of cruising.”

The all-aluminum flagship showcases the sleek, sporty lines and the timeless elegance

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