Suntex Marina Investors in the US has been chosen by the City of Fort Lauderdale to redevelop Las Olas Marina. In addition to the redevelopment, a 50-year lease to operate the property has also been approved.

This will be a multimillion-dollar project and is part of a $70m redevelopment by the city to create waterfront and beach access, a park, new parking facilities and renovate existing sidewalks.

The project is a joint venture between Suntex Marinas and Edgewater Resources, a marina design, engineering and development firm.

“We would like to leverage our investment to create the greatest possible benefit for as many people in the community as we can,” says David Filler, principal of Suntex. “This means recognising that this marina must serve more than just the owners of megayachts.

"We must do our part to add jobs to the community, benefit the environment and build on the remarkable success Ft Lauderdale has already achieved in creating an inviting, walkable and vibrant waterfront community,” he adds.

Suntex claims to be one of the largest and most respected marina operators and financial teams in the country, while Edgewater Resources has designed in excess of 300 marinas around the world and prides itself on designing both economically and environmentally sustainable properties.

The marina facilities will incorporate strategies to achieve Florida Clean Marina Program designation and sustainability will be a key consideration throughout the design process.

The Suntex portfolio of 45 marinas are located in California, Florida, Georgia, Iowa, Kentucky, Maryland, Massachusetts, New Jersey, North Carolina, Oklahoma, Texas, Tennessee and Virginia.