The proposed Sportfish Marina Resort would be located on the St Lucie river.
With the opening today of the Stuart, Florida boat show comes news that the city on the St Lucie river could see a new marina resort, if a Miami developer has his way.
Sportfish Marina Resort, a 37-room, 49-slip, three-storey property on Flagler Avenue in the downtown is the brain child of developer Ted Weitzel. The structure would sit atop a two-level car park, making a five-storey structure.
An abandoned office building, known as Sailfish Capital Center, and a parking lot currently occupy the property, which was purchased by Weitzel for US$1.5m, according to the TCPalm. The property is in what is known as a Federal Enterprise Zone, which provides tax breaks and lower development costs for real estate investors and developers.
The development would include a pool, grilling area and balconies facing the Roosevelt Bridge, according to the site plans submitted to the city.
Construction tentatively could begin by the end of the year, but the project first needs rezoning and approval of its plans by both the Local Planning Agency and the City Commission.
Source: Ibi News