With demand for yacht parking on the rise in South Florida, a new marina for mega-yachts is being planned in Dania Beach at a cost estimated to top $12 million.
Edelman Development Corp. plans to buy a nearly five-acre portion of a waterfront parcel owned by the Archdiocese of Miami and excavate land to develop the marina, said Ken Edelman, president of the real-estate group based in Weston. Plans call for creating about 2,400 lineal feet of dock space and renting out that space on a daily, monthly or even yearly basis for smaller vessels or yachts 200 feet long, Edelman said.
The proposed dock space can accommodate roughly 40 smaller boats or 20 mega-yachts, said environmental consultant Tyler Chappell of The Chappell Group, based in Pompano Beach.Mega-yachts will be able to reach the new marina from the Atlantic Ocean, thanks to deeper waters dredged in the Dania Beach Cut in a $7 million project completed last year, Chappell said.
Pending final approvals from Dania Beach, developers hope to buy the northern part of the parcel at 441 NE 2nd St. by early next year and then complete excavation and install fixed and floating docks over about a year. That timeline would put the opening date in 2017, Edelman said.