An “iconic” New Haven marina property has been sold to a local developer, according to the sole broker in the transaction.
The Quinnipiac River Marina at 289-315 and 318 Front St. was sold to PGX Holdings, an LLC registered to local developers Moises Grunblatt and Mendel Paris, for $1.62 million.
The six-parcel property includes a nearly 10,000-square-foot office building, dry dock space, marina and storage facilities and a brand-new restaurant.
Branford-based The Geenty Group represented both the buyer and the seller, longtime owner Lisa Fitch, who has become a community fixture by hosting annual festivals, leasing space to the city’s growing aquaculture industry and local artists, plus offering a winter home to Yale University’s crew team when their normal Housatonic River practice space is frozen.
The property had been on the market since 2019, The Geenty Group said in a statement, and had been pursued by buyers “from Florida to California,” and has been a site of interest for projects ranging from multifamily housing to a nightclub.
Grunblatt and Paris expect to make few changes, the brokerage said, but is examining ways to “increase the number of tiny houses and floating tiny houses on the property while keeping the marina operations in full swing.”