Suntex Takes Occupancy of Las Olas MarinaPublished on October 8, 2021
Suntex Marina Investors, LLC (Suntex) has taken occupancy of the Las Olas Marina in Fort Lauderdale, Florida. Suntex will now commence its plans to develop the marina and transform it into a world-class marine facility. Las Olas Marina is a centerpiece of the world-renowned Fort Lauderdale International Boat Show, and Suntex looks forward to Las Olas Marina becoming a showcase element of the Boat Show once redeveloped. The transition of ownership and operation commenced on October 1. The redevelopment project will begin in the first quarter of 2022.
Suntex’s initial bid was selected by the city in 2016 and the lease was signed on May 3, 2018. The City Commission gave final site plan approval on July 9, 2019. Suntex will own and operate the Las Olas Marina for 50-years in partnership with the City of Fort Lauderdale. This multi-million-dollar project is in addition to the $70 million redevelopment the City of Fort Lauderdale has already invested to create waterfront and beach access, public parks, and new parking facilities. The marina will include 68 boat slips capable of handling vessels up to 250-feet and two buildings – a 15,000-square-foot, two-story high-end restaurant with spacious outdoor seating and a 31,000-square-foot, three-story marine services building containing a casual restaurant, dockmaster’s office, ship store, offices, and a Captains and Crew Lounge with a rooftop gym, swimming pool, a chef’s kitchen, recreational spaces, and substantial crew amenities.
The Suntex portfolio includes marinas located in California, Florida, Georgia, Iowa, Kentucky, Maryland, New Jersey, Oklahoma, Texas, Tennessee, and Virginia.