This will be of interest to those headed to Florida. A developer has purchased land from the city of Melbourne and will be building a new marina as reported by floridatoday.com
An Ocoee developer has finalized the $2 million purchase of the former Coral Bay Restaurant-Intracoastal Marina property on U.S. 1, with plans to build a seven-story resort hotel, three restaurants and an 81-slip marina.
River Walk Marina Partners, LLC closed on the deal Friday afternoon after months of due diligence and negotiations with their prospective tenants. The city of Melbourne has owned the vacant property since 2013.
“We’re really pleased to close the transaction and put that property back in the hands of a private owner, and get it on the way to development,” City Manager Mike McNees said. Read More
