DELRAY BEACH, Fla. – The Delray Beach Yacht Club has been purchased for $25 million by developers looking to turn the 44-slip marina into dockominiums, according to a recent article in the Palm Beach Post.
Capex Properties and David Hocker & Associates will make the dockominiums available starting at $450,000 and also plan to build a 20-unit condo in place of the yacht club. The condo units will start at $2.5 million.
“Docks are getting rarer and rarer in South Florida, so this will give boaters a chance to own their own boat slips,” Capex principal Josh McAlees told the newspaper.
The developers plan to break ground this summer, with the condos scheduled to be ready for occupancy in fall 2007, according to the Palm Beach Post.
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