A joint venture between Stella Marinas and Drake Real Estate Partners has transformed the Chesapeake Bay boating landscape through the acquisition and consolidation of two adjacent Edgewater, Maryland properties. The combined South River Marina and Turkey Point Marina & Yacht Club facility now ranks among the largest marinas on the Chesapeake Bay with over 500 wet slips and dry racks, positioning it as a major regional boating destination. This consolidation represents a significant development in Chesapeake Bay's boating infrastructure, creating a centralized destination that addresses the growing demand for comprehensive marine services in the region.
The strategic location offers substantial advantages for boaters, situated just 30 minutes from Washington, D.C. and Baltimore, and only five miles from Annapolis. Located in a protected cove with quick access to the Chesapeake Bay, the marinas serve as an ideal home port for boaters seeking convenience and accessibility to major metropolitan areas. The acquisition brings comprehensive boating services under unified management, including lift slip and dry rack storage for powerboats up to 40 feet, experienced marine technicians, fuel services, and dry winter storage.
Ryan Comisky, Owner of Stella Marinas, emphasized the vision behind the consolidation, stating they are bringing together two exceptional properties to create a marina destination where boaters can dock, dine, refuel, and relax all in one place. To further enhance the boating experience, Stella Marinas has announced strategic partnerships with Five Star Hospitality, which will operate the High Tide Grill serving casual waterfront fare, and Rudy Marine, which will offer Jeanneau outboard-powered cruisers and Bentley pontoon boats for sale on site. These additions create a comprehensive waterfront ecosystem serving both recreational and practical boating needs.
David Cotterman, Co-Founder & Chief Investment Officer of Drake Real Estate Partners, highlighted the investment significance, noting that Drake is thrilled to partner with Stella Marinas on the acquisition and that these investments represent an opportunity to enhance the Edgewater boating community while advancing Drake's value-add strategy investing in high-quality real estate. The strategic partnerships and planned upgrades position the facility to serve as a model for modern marina operations, combining practical boating services with recreational amenities in a prime location. This development not only meets current boating demand but establishes a benchmark for integrated marina experiences that could influence future waterfront development throughout the Chesapeake Bay region.
