Monument Marine Group Buys Lighthouse Point MarinaPublished on May 5, 2022
Monument Marine Group, a Baltimore-based marine service, consultancy, and design company, has purchased Lighthouse Point Marina in Baltimore. The marina, located at 2736 Lighthouse Point East, sits at the heart of Baltimore’s Inner Harbor and is at the center of seller War Horse Cities’ redevelopment plans for the Canton waterfront.
War Horse Cities, a Baltimore-based real estate development firm led by Scott Plank, had purchased the Lighthouse Point Marina property in 2017. The marina sale comes as War Horse Cities focuses its work on adjacent projects in the redevelopment area and looks to Monument Marine Group to spearhead the continued redevelopment of the marina property.
Dan Grovatt, Matt Putnam, and Andrew Cantor of the Colliers Leisure Property Advisors team facilitated the transaction. The sales price was not disclosed.
Lighthouse Point Marina sits on 26 acres in Canton and features 466 wet slips, a ship store, slip-holders lounge, fitness center, and onsite pool and restaurant. The seller had completed a major renovation of the pool, now named Swim Club at Lighthouse Point, and added an outdoor eatery and bar to a vacant space in 2019.
The manager of Lighthouse Point Marina prior to the sale, Oasis Marinas, will remain in that role. Redevelopment plans for Lighthouse Point Marina will include significant upgrades to the facility with plans to create a first-class boating destination on the Chesapeake Bay.