The joint venture between Stella Marinas and Drake Real Estate Partners has acquired two adjacent marina properties on Maryland's South River, consolidating them into what is now among the largest marina facilities on the Chesapeake Bay with over 500 wet slips and dry racks. This consolidation matters because it addresses a growing regional demand for comprehensive marine services while creating a centralized boating destination strategically located just 30 minutes from Washington, D.C. and Baltimore, and only five miles from Annapolis. The implications extend beyond mere property acquisition, representing a significant enhancement to the Chesapeake Bay's boating infrastructure that could serve as a model for modern marina operations throughout the region.
The strategic location in a protected cove with quick access to the Chesapeake Bay offers significant advantages for boaters seeking convenience and accessibility to major metropolitan areas. Ryan Comisky, Owner of Stella Marinas, emphasized the vision behind this consolidation, stating they are creating "a marina destination where boaters can dock, dine, refuel, and relax — all in one place." This comprehensive approach to marina services represents an important shift in how boating facilities serve their communities, moving beyond basic docking to create complete waterfront ecosystems.
The acquisition brings together extensive boating services under single management, including lift slip and dry rack storage for powerboats up to 40 feet, experienced marine technicians, fuel services, and dry winter storage. Perhaps more significantly, Stella Marinas has announced strategic partnerships that enhance the recreational experience, including with Five Star Hospitality which will operate the High Tide Grill serving casual waterfront fare, and with Rudy Marine which will offer Jeanneau outboard-powered cruisers and Bentley pontoon boats for sale on site. These partnerships create a comprehensive waterfront destination that serves both practical boating needs and recreational desires.
David Cotterman, Co-Founder & Chief Investment Officer of Drake Real Estate Partners, highlighted the investment significance, noting 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." This statement underscores why this development matters beyond the boating community—it represents strategic real estate investment in waterfront properties that serve growing recreational markets while enhancing community infrastructure.
The consolidation's importance lies in its potential to influence marina development throughout the Chesapeake Bay region, demonstrating how strategic partnerships and comprehensive service offerings can create destinations that serve both local boaters and those from nearby metropolitan areas. By positioning the facility as both a practical boating hub and recreational destination, the venture addresses multiple market needs simultaneously while potentially increasing property values and economic activity in the Edgewater area. The planned upgrades and strategic partnerships position this consolidated marina to set new standards for what boaters can expect from modern marine facilities, particularly those located within easy reach of major population centers.
