Shoreline Newsletter, Volume 3

Marina Palms Updates, Milestones & More

Keep up with the latest news and happenings at Marina Palms with the latest volume of our Shoreline Newsletter.


With the north tower topped off, it’s time to break ground on our south tower. The Marina Palms development team has again selected Coastal Construction as the general contractor. The Coastal team has already mobilized and started construction on the site with auger cast pile installation. At the same time, we have closed a loan with HSBC Bank and Branch Banking and Trust Company (BB&T) to provide $87 million for construction and completion of the south tower. The development team has once again shown its ability to access traditional financing markets, which provide our buyers with confidence and a high quality product at a very attractive price point.


On Saturday, January 24th we kicked-off the marina construction with an American barbecue bash featuring jet packers from AquaJet Miami and yachts from MarineMax. More than 200 people attended. Guests enjoyed traditional barbecue cuisine right off the grill, live music and several water jet pack shows by AquaJet. MarineMax also provided personal tours for boat enthusiasts of an Azimut 64 Flybridge, 54 Sundance and Five-Ten Fly.


We’re right on schedule with what is a significant accomplishment for the development, the community and especially our buyers. We’ve topped off the north tower which means we are one step closer to completing the tower, closing on the units and handing keys over to our new residents. Coastal Construction held a formal “Topping Off” party on January 30th to celebrate the milestone. The building is scheduled to be completed this summer and residents can begin moving in.


We’re celebrating some major milestones at Marina Palms this month, starting with the launch of construction of our over the water dock system. The 112 slips will accommodate yachts up to 90-feet. The foundation piles and seawall for the full-service marina have been completed and the marine contractor is now forming the dock system. Marina Fast Facts:

• 112-slips accommodating boats up to 90 feet
• Full-time dock master
• Full service yacht club concierge
• Fueling services
• Dockside high-speed Internet and cable TV
• Well-equipped sundry store
• Picturesque marina promenade

In addition, the marina will be home to an exclusive Marina Palms Boat Club. For a one-time initiation fee and a monthly membership fee, residents will have access to several vessels ranging from 23 to 36 feet in length. They can cruise, fish or dive along the Intracoastal Waterway, the Atlantic Ocean or Biscayne Bay


Many of you will recognize the newest resident of Marina Palms. Brazilian race car driver and three-time Indy 500 champion Helio Castroneves has just purchased a unit in our south tower. He is also a member of our exclusive boat club. When he’s not on the racetrack, you may catch him showing off his moves on the water. Helio has also appeared on two seasons of ABC’s hit show “Dancing with the Stars” and even won Season 5!

If you know any friends or family interested in superior waterfront living, please have them contact the Marina Palms Sales Center at (866) 338-5643, to take advantage of some fantastic last minute deals on select South Tower inventory.