Miami-based genuine estate financial commitment and development firm Integra Investments, beneath its “Integra Marinas” platform, not too long ago declared the acquisition of one of the best-profile marinas in Miami’s city core — Sea Isle Marina.
Sea Isle Marina is the new house to the world’s major boat and yacht event, Miami Global Boat Present. Phrases of the sale could not be disclosed.
Located at 1635 N. Bayshore Dr., in Miami’s Arts & Enjoyment District, Integra Marinas strategies to devote considerably in changing the marina into a entire world class boating place. Repositioning the asset will elevate the mariner working experience on residence and establish the website as the supreme residence for the globally identified boat exhibit and its almost 100,000 once-a-year patrons.
As element of the asset update, Integra Marinas will change and renovate all portions of the marina. This contains reconfiguring moist slips to harbor vessels up to 110 toes and maximizing current on-website services with the addition of elevate slips, state-of-the-art boating technological innovation, a new gasoline system and top-quality onsite company. Oasis Marinas will be handling the home for Integra Marinas.
“Sea Isle Marina’s unparalleled area and fundamentals present huge possibility to capitalize on Integra Marina’s unique formula to possess, run and switch all over a marina home to get to peak functionality,” stated Integra Investments principal Victor Ballestas.
“As an avid boater and rising up on the drinking water, I visited Sea Isle often and look ahead to getting a aspect of its transformation.”
By land, Sea Isle Marina’s prime deal with affords immediate accessibility to Downtown Miami and big interstates, while by sea, boaters take pleasure in unrestricted obtain to the bay and ocean by way of the Intracoastal Waterway. The whole-services marina at present features 222 damp slips that can accommodate 40- to 100-foot vessels, long- and limited-term docking, and includes a fueling station and supply keep.
Integra Marinas obtained Sea Isle Marina from Florida East Coast Realty LLC, the primary developer of the house.
Integra Marinas possesses deep expertise in the marina sector as an proprietor/operator and upland developer, and is one particular of the only correct, change-vital marina and actual estate builders in the market. Concentrated on value-incorporate prospects in essential coastal marketplaces in Florida and past, the company has strategically deployed tens of millions in money investments to change current marinas into higher-executing belongings, effectively maximizing income and profitability. The company’s portfolio also consists of Westshore Yacht Club Marina in Tampa and Stock Island Yacht Club and Marina in Key West.
“We are thrilled that Integra Marinas will lead the redevelopment of the marina, as it will tremendously effects the encounter as a ideal-in-course boat clearly show locale and enhance the in general waterfront aesthetic,” stated Andrew Doole, president of U.S. Boat Shows.
“With ongoing need for marina redevelopment amongst all those investing in this area, the acquisition of this trophy marina asset marks our strategic growth trajectory in coastal markets and strengthens our aggressive situation in the sector,” added Integra Marinas principal Matthew Juall.
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