By Dorie Cox
The company that owns the Hyatt Regency Pier 66 has added The Sails Marina in Fort Lauderdale to its holdings. Tavistock Development Group closed on the purchase in July.
The marina is adjacent to the 17th Street Causeway Bridge on the southeast side. It has a fuel dock and can accommodate yachts up to 500 feet, in water depths of up to 20 feet, according to the marina’s website. The property has a history of marine-related businesses, including “the pink building” that housed many businesses in the 1980s and 1990s. It was most recently home to a Best Western hotel that was razed in the late 2000s. The company describes itself as the “Closest Marina To The Sea” on its website.
“All operations will be run out the Pier 66 office, with no imminent plans for the marina yet,” said Kevin Quirk, vice president of operations at Pier 66 Marina, which is located on the northeast side of the 17th Street bridge.
“Captains can call one number for all three marinas,” he said, referring to Pier 66, The Sails and the Hilton on the west side of the ICW at the bridge. “Now it’s a one stop shop.”
Property records show a sale price of $24 million for the nearly 8.5-acre waterfront property, according to media reports.
Tavistock, based in Orlando, Florida, is a diversified real estate firm owned by Tavistock Group, an international private investment organization founded by Joe Lewis in the 1980s. Lewis is owner of M/Y Aviva, a 321-foot (98m) Abeking & Rasmussen delivered in May.