Lighthouse Point Yacht Club Breaks Ground on $250M Redevelopment
Lighthouse Point Yacht Club starts work on a $250M overhaul after a five-year, 28-hearing entitlement process in Broward County.
Construction has started on a $250 million overhaul of the Lighthouse Point Yacht Club in Broward County, closing out an entitlement fight that outlasted the project’s own planning phase.
Developer Terry Paterson, of Paterson Project Management Inc., is leading the rebuild of the private club at 2701 NE 42nd St, founded in 1961. The plan centers on a new 45,850 square foot clubhouse, about 35,500 square feet of air conditioned space plus 19,475 square feet of rooftop area, targeted for completion in 2028. Twenty one three story townhomes across six buildings are priced from roughly $4 million to $5.1 million, with three units still available at groundbreaking. A future custom single family waterfront residence is also planned on the site, to be offered separately once the primary phase wraps.
Why it matters
The club’s initial land use application dates to 2018. Getting from that filing to a shovel in the ground took about five years of entitlement proceedings and 28 public hearings, with permitting completed in 2024 and a construction start further delayed by commercial lending conditions. That timeline is a data point for anyone tracking how long even a well connected private club has to grind through Broward approvals before breaking ground, regardless of how clean the project or how deep the membership’s pockets.
The numbers
The $250 million project includes the clubhouse, the 21 townhomes, and infrastructure work, while keeping the club’s 78 slip, full service deep water marina near Hillsboro Inlet operating throughout construction. The primary build phase is expected to run about two years. Financing finally cleared in early 2026 when Paterson bought out foreign investment partners, with club members also putting in capital.
What’s next
Five of the 21 townhomes and the custom single family residence are slated to begin only after the primary phase finishes. The club says normal operations, including dining, fitness, the marina and tennis, will continue uninterrupted during construction. For more on what is moving through Broward’s pipeline, see the South Florida market hub.
On the record
Primary record
- Public recordThe club's entitlement process ran roughly five years and included 28 public hearings before construction could start, with permitting finally completed in 2024.View the record on floridayimby.com