Suntex Marina Investors LLC, an owner and operator of best-in-class marina properties, has announced that it has been selected as the winning bidder to redevelop the Las Olas Marina, as well as being awarded a 50-year lease to operate the property.
This multi-million-dollar project is part of a $70 million redevelopment by the City of Fort Lauderdale to create waterfront and beach access, a park and new parking facilities, as well as to renovate existing sidewalks.
The project is a joint venture between Suntex Marinas and Edgewater Resources LLC, a marina design, engineering and development firm which has designed in excess of 300 marinas around the world and prides itself on designing both economically and environmentally sustainable properties.
According to Suntex, this collaboration brings “the most sophisticated and qualified team to build, construct and operate Las Olas Marina”.
David Filler, principal of Suntex said, "We would like to leverage our investment to create the greatest possible benefit for as many people in the community as we can. This means recognising that this marina must serve more than just the owners of megayachts. We must do our part to add jobs to the community, benefit the environment and build on the remarkable success Fort Lauderdale has already achieved in creating an inviting, walk-able and vibrant waterfront community."
While still early in the design phase, the marina facilities will incorporate strategies to achieve Florida Clean Marina Program designation, and sustainability will be a key consideration throughout the design process. In addition, current preliminary plans call for a new promenade and food and beverage concepts to help bring more public access and enjoyment to the waterfront marina.
Fort Lauderdale Mayor, John P. "Jack" Seiler said, "We are truly excited to be working with Suntex on this game-changing project that will transform our marina and surrounding waterfront into a premier destination for boating, recreation and entertainment.
“As home to the world's largest boat show, we recognise that a thriving marine industry is essential to our long-term economic success, prosperity and sustainability, and we remain committed to making the necessary investments to preserve, support and enhance this powerful market sector. We appreciate the experience and expertise Suntex brings to the table, and we look forward to fulfilling our shared vision of creating a unique waterfront environment that can be enjoyed by our neighbours and visitors for generations to come."