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New Mega-Yacht Marina To Be Built in Ft. Laud.

Discussion in 'General Yachting Discussion' started by YachtForums, Jun 23, 2004.

  1. YachtForums

    YachtForums Administrator

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    Boating Industry
    Wednesday June 23, 2004

    FORT LAUDERDALE, Fla. – Plans to convert a Fort Lauderdale boat repair yard into an upscale marina complex are currently underway, according to a story today in the Fort Lauderdale Sun-Sentinel.

    Altman Development Corp., a Boca Raton developer, is working with Dallas-based real estate firm GreyHawk Realty Capital LLC to renovate the Summerfield Boat Works, building a modern marina to accommodate more megayachts, as well as smaller boats, brokerage offices, other facilities and perhaps a boatyard, the newspaper reported.

    Under the plan, which is still under review, Flagship Marinas LLC, which manages about 8,000 slips in six states, will manage the property after it is renovated, according to the Sun-Sentinel.

    No figures were released on the value of the prospective boatyard sale or the planned investments.

    "We were encouraged by the developer's plans," Frank Herhold, executive director of the Marine Industries Association of South Florida, told the newspaper. "All the parties have considerable experience with high-quality, upmarket marina development."
  2. JHA

    JHA Senior Member

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    sweet!

    That's the old mega marine / broward marine yard isn't it? right on S.W. 20th? Down the street from L.M.C.?
  3. YachtForums

    YachtForums Administrator

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    JHA,

    Yep. Summerfield Boat Works is on the New River, down from LMC. Although the current Broward/Mega Marine facility would be a good choice too! Dania Cut-Off Canal offers plenty of depth, it's minutes from the inlet at Port Everglades, the airport is 2 minutes away and you've got yacht refit/repair facilites right next door. It would probably put TugBoat Annie's back on the map too.

    Enjoyed many Sunday evenings there. We were berthed at Harbor Towne for a few months and on Sunday eves, they had a reggae band that rocked the docks. Hundreds of people. Can't understand why that place died. :confused:
  4. C & N Yacht

    C & N Yacht New Member

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    Summerfield would be in direct competition with LMC? Will it have the yard space and covered shed space like LMC? The Broward West yard is still up for sale or tied in legal courts correct?
  5. YachtForums

    YachtForums Administrator

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    It can't hurt to have another marina in the area. Slips are getting as hard to find as a canal without an idle zone. One of the reasons that waterfront home prices in Ft. lauderdale have gone higher than the Burt Rutan spaceship is the lack of dockspace available. Yacht owners have been the driving force behind this.

    Not long ago, there was a city council meeting because builders wanted to buy marinas and convert them to condos. Not sure what the resolution was on the issue, but this would have put quite a strain on the existing boat storage infastructure.

    I believe a new marina in the area would be good for the community, both locally and for the international contingent that frequents. And... a little competition is good for the consumer. :)