The acquisition of South River Marina and Turkey Point Marina & Yacht Club by a joint venture between Stella Marinas and Drake Real Estate Partners has created one of the largest marinas on the Chesapeake Bay, with over 500 wet slips and dry racks. The combined facility now ranks among the region's most significant boating destinations, strategically positioned in Edgewater, Maryland, just 30 minutes from Washington, D.C. and Baltimore, and only five miles from Annapolis. This location in a protected cove with quick access to the Chesapeake Bay offers boaters substantial convenience and accessibility advantages.
The consolidation 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 acquisition: "We're bringing together two exceptional properties to create a marina destination where boaters can dock, dine, refuel, and relax — all in one place." This approach addresses the growing demand for integrated marine services in the Chesapeake Bay region.
To enhance the boating experience further, Stella Marinas has established strategic partnerships with key operators. The company partnered with Five Star Hospitality, which will operate the High Tide Grill serving casual waterfront fare. Additionally, a partnership with Rudy Marine will bring Jeanneau outboard-powered cruisers and Bentley pontoon boats for sale on site. These additions create a comprehensive waterfront ecosystem that serves both recreational and practical boating needs, transforming the facility into a complete destination.
David Cotterman, Co-Founder & Chief Investment Officer of Drake Real Estate Partners, highlighted the investment's significance: "Drake is thrilled to partner with Stella Marinas on the acquisition of Turkey Point and South River Marinas. 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 collaboration represents a strategic move in marina infrastructure development, combining real estate investment with operational expertise.
The consolidation of these adjacent properties represents a substantial development in Chesapeake Bay's boating infrastructure, creating a centralized destination that meets the increasing demand for comprehensive marine services. 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 accessible to major metropolitan areas. This development not only enhances the local boating community but also establishes a benchmark for integrated marina management in the region.
