Island Global Yachting announced “significant” megayacht expansion plans at the Newport Yacht Club & Marina in Jersey City, N.J.
IGY is adding 1,000 linear feet: Nine slips for vessels 30 to 60 feet and six additional slips for megayachts will be added to the infrastructure. The marina currently has 154 berths and can accommodate yachts as large as 200 feet with 12 megayacht berths.
“Newport Yacht Club and Marina has been a valuable addition to the IGY network of marinas, and we’ve determined that there is a large unmet demand for quality berthing in close proximity to New York City,” said Eric Simonton, director of development and asset management for IGY, in a statement.
“The Newport Yacht Club & Marina expansion will allow more people to visit the marina and enjoy all that it has to offer and its convenient access to New York City,” he added. “The capital investment at this time is a signal of our confidence in the property, as well as the northeastern U.S. boating market.”
Construction is scheduled to be finished by the end of the year and current customers will not be affected, the company said.