Southern Marinas acquires The Boathouse at Front Street Village
Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced today the purchase of The Boathouse at Front Street Village in Beaufort, N.C., on Aug. 1, 2019.
The Boathouse is located minutes from the heart of downtown Beaufort with easy access to the Intercoastal Waterway. Bucky and Wendi Oliver, the original developers of the marina, set out to create a new standard of excellence for North Carolina boaters.
Based on their initial success, the marina added a second dry stack building in 2018 to meet the expanding demand from the boating community. The state-of-the-art, environmentally-friendly boat storage and service facility features two dry storage buildings accommodating boats up to 43-feet and wet slips that can host boats as long as 100-feet. In addition, there is an onsite service department, complimentary concierge service, fuel dock and “The Chandlery,” a fully-stocked ship’s store and wine shop.
The marina is an integral part of Front Street Village, a residential, resort lifestyle community, that will elevate the region’s profile as a true boater’s destination. The resort is comprised of single-family cottages and townhomes, 34° North Restaurant and Beaufort Hotel NC, an Ascend Hotel Collection Member. The restaurant and hotel opened earlier this spring.
“We are fortunate to acquire such a wonderful asset in a great boating market,” said Andrew Gendron, principal and chief investment officer with Southern Marinas. “The Boathouse is the perfect addition to our growing portfolio of marinas that will extend our footprint into the North Carolina market.”
