Quinnipiac River Marina Sells For $1.6M To Developer: Realtor

NEW HAVEN, CT — Described as an "iconic" New Haven riverfront property, the Quinnipiac River Marina, was bought by developer PGX Holdings, LLC for $1,625,000, Branford-based Geenty Group, Realtors announced.

According to state records, PGX Holdings is a Woodbridge-based company whose principals are Mendel Paris, of New Haven, and Moises Grunblatt of Woodbridge.

The marina at 289-315 and 318 Front St. is an assemblage of six different Fair Haven parcels and includes a restaurant, a 9,579 SF office building, parking, dry dock space, a chandlery, gas dock and boat slips. The parcels total 2.16 acres and more than one hundred boat slips. The sale also includes two single-family homes, Geenty Group said in a news release.

The seller, Great Oak Real Estate, LLC and Quinnipiac River Marina, LLC, were both directed by Lisa Fitch, who ran the day-to-day operations of the marina for a decade.

"Fitch worked to weave the marina into the fabric of the riverfront neighborhood, hosting the annual QRiverfest, creating a hub for the local boating community, offering kayak rentals, providing space for local artisans, small businesses, and members of New Haven’s burgeoning aquaculture industry," Geenty Group said, adding it also served as a "temporary home for the Yale Crew Team when their home waters on the Housatonic River were frozen," Geenty Group said.

The property first hit the market in 2019. Interested parties from Florida to California "chased the opportunity," Geenty Group noted in the release, adding that despite COVID-19, the marina had a "busy year" as a new eatery, Streets Boathouse, opened in the restaurant space. And it was noted that the site "served as a location in two feature films," and "was under contract multiple times with out-of-town parties who eyed the spot for everything from multi-family housing development to a nightclub."

Geenty Group said that developer PGX Holdings plans to "continue and expand on the groundwork that Ms. Fitch has already laid." And that includes "increasing the number of tiny houses and floating tiny houses on the property while keeping the marina operations in full swing," according to Mendel Paris of PGX Holdings.

The Geenty Group, Realtors was the sole broker in the transaction.

Attorney James Brownstein of Neubert, Pepe and Montieth represented the Seller and was integral to the successful closing of this sale. Attorney Ben Trachten represented Mr. Paris and PGX Holdings, LLC.