2017 May June Marina World

marinaworld
  • No tags were found...

The magazine for the marina industry

COVER STORY

Building big docks

in a small town

Provincetown Marina at the tip of Cape Cod in Massachusetts is being

transformed into a megayacht destination with one of the largest breakwater

systems on the East Coast. It’s the third marina in the area to receive a major

overhaul, all at the hands of one industrious couple. Sarah Devlin reports

Chuck and Ann Lagasse are not

new to property development nor

are they naïve when it comes to

marina management. As former

major landowners in Newburyport,

Massachusetts, they are hands-on

and intuitive about how they invest and

improve properties.

“We started by developing marinas

and land for upland auxiliary uses,”

Chuck says about Newburyport,

where they developed and managed

marinas and properties along the

mouth of the Merrimack River 150 miles

(241km) or approximately 60nm north

of Provincetown. “When we started,

we partnered with marinas that had

something like 36 slips. In over 30

years, we built over

500 slips, in our own

facilities and with

partners.”

“We’re about current

uses and mixed use.

[In Newburyport,] we

had a great downtown

with historic buildings,”

Gigantic

SF Type 600 breakwater

units being delivered to

the Provincetown site.

Ann states. As part of that waterfront

development, she and Chuck added

restaurants and retail locations, totalling

45 properties overall.

“When we got involved, there were

30 different owners and we worked to

consolidate them. It was a big portfolio.

It was our life.”

She stops for a moment. “I think of us

as redevelopers, not developers.”

The road to Provincetown

The timeline for the Lagasses and

Provincetown Marina started in 2007.

Chuck and Ann approached the Cabral

family, the owners of Provincetown

Marina (then called Fisherman’s

Wharf), to discuss purchasing the

Mason Sears, SF Marina Systems USA

Provincetown Marina after refurbishment in 2016. The new

elbow-shaped breakwater will run out from the left of

the building towards the sailboat moorings.

old commercial pier and marina with

another financial partner. “We thought

it needed some capital,” Chuck says

diplomatically. The deal fell through for

various reasons, not the least of which

the recession that took hold of the

market in 2008.

That didn’t diminish their interest in

the property, however. “Over the years

I’ve followed it and we stayed in touch

with the owners,” he states. “I always

thought [Provincetown] was one of the

premier boating destinations on the

East Coast.”

He’s referring to the protected

harbour’s location, its deep basin,

and the draw of area beaches and

the historic town centre. Already

a destination for ferry traffic out of

Boston, Provincetown is 50 miles

(80km) to the east, protected from the

Atlantic by a spit of land. If Cape Cod

were a human arm, curled into itself,

Provincetown Harbor would be the

inside of the arm’s fist. It’s a straight

shot from Cape Cod Canal, which

Anders Lindberg, SF Marina

12

www.marinaworld.com - May/June 2017

More magazines by this user