Ferretti Group North America has signed a multi-year lease for office, shop and slip space at the 65-acre Lauderdale Marine Center on the New River in Ft. Lauderdale.
One of the most important factors in Ferretti’s decision to call LMC home is the opening of a new Foreign Trade Zone at the yard. This will allow the builder to import yachts to the facility without paying American import taxes. The FTZ will also allow the group to show and sell the boats to prospective American buyers without moving into international waters.
A yacht repair and refit facility, LMC leases work space and commercial office space to about 60 on-site contractors providing various marine-related services, such as fiberglass repair, electrical, painting, engine service, hydraulics, navigation and electronics, carpentry, mechanical, metal fabrication and welding.The facility has 10,000 linear feet of dockage and can accommodate boats up to 200 feet in 130 wet slips and with 22 covered sheds. The facility has three marine travel lifts with haul-out capacity up to 300 tons, with plans to increase to 500 tons later this year.
For more information, visit LauderdaleMarineCenter.com.