Farkas’ IGY Marinas Expands East Coast Portfolio

Posted by on Sep 5, 2018

IGY Marinas, a global marina network owned by Mr. Andrew Farkas, recently announced plans to expand to another marina in the northeast region of the United States. IGY acquired Fore Points Marina in Portland, Maine and will be opening it in 2019. When it is completed, it will have over 8,000 linear feet of dockage, with space for over 140 vessels and up to 10 mega yachts.

Tom Mukamal, CEO of IGY, commented on the expansion: “The addition of Fore Points Marina represents continued growth for the IGY network and we’re looking forward to the 2019 season with the opportunity to offer this new destination to current and future guests.”

IGY Marinas locations are known for their superior service and amenities, and the Fore Points location will be no different. It is expected to offer high-speed fueling, waste management, and a captain & crew lounge, among other amenities. The marina is also surrounded by entertainment options for boaters when they dock, including restaurants and landmarks. Downtown Portland is close by, with bars and shops for tourists to visit.

IGY Marinas is based in Fort Lauderdale, Florida, but its portfolio includes locations in over a dozen beautiful destinations around the world such as Colombia, Turks and Caicos, and Panama. For many years now, Mr. Farkas has dedicated time and resources to various philanthropic causes, and IGY Marinas has followed his lead with its “Inspire Giving Through You” campaign. The program has taken marina employees off of the docks and placed them in local communities to support charities and nonprofit organizations.

Mr. Farkas and the IGY Marinas team have created an unparalleled network of luxury marinas around the world, and the addition of Fore Points Marina will provide even more growth for the company.