Construction has started on the long-planned redevelopment of Lighthouse Point Yacht Club, a roughly $250 million project at 2701 NE 42nd Street in Broward County that will replace the aging clubhouse with a larger private club complex, add 21 luxury townhomes, and preserve the property’s 78-slip deep-water marina. The redevelopment is being led by Terry Paterson of Paterson Project Management Inc., with architecture by Insite Design Group.
The first phase is expected to focus on the new clubhouse, which is planned to total 45,850 gross square feet and is slated for completion in 2028. The work is the result of nearly a decade of planning, entitlement reviews, and permitting, including a multiyear public approval process that had to accommodate both club operations and a residential component on the waterfront site.
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Paterson said the project had to navigate years of land-use, zoning, engineering, and life-safety revisions before arriving at construction. The club will remain open during the redevelopment, with work sequenced in phases so members can continue using key amenities as the site evolves.
| Project Detail | Information |
|---|---|
| Project | Lighthouse Point Yacht Club redevelopment |
| Address | 2701 NE 42nd Street, Lighthouse Point, Broward County |
| Developer / Builder | Paterson Project Management Inc. / Terry Paterson |
| Architect | Insite Design Group |
| Total Project Cost | Approximately $250 million |
| Clubhouse Size | 45,850 gross square feet |
| Residential Component | 21 townhomes across six buildings, plus one future custom waterfront home |
| Marina | 78-slip deep-water marina to remain in place |
| Expected Clubhouse Completion | 2028 |
Years of approvals finally gave way to construction
Founded in 1961, Lighthouse Point Yacht Club has operated as a private waterfront club for more than six decades, with boating, dining, recreational amenities, and event space centered around its deep-water marina. The redevelopment has been in the works for years and required a lengthy approval process before the first phase could move ahead.
Paterson said the project went through roughly five years of entitlement proceedings and 28 public hearings, beginning with a land-use application submitted in 2018. That process included zoning changes, engineering reviews, and additional design revisions before permitting was completed in 2024.
The project later faced another delay after updated life-safety requirements forced substantial changes to the clubhouse plans to support a higher occupant load. According to the developer, those revisions extended the timeline by about 18 months. Construction then paused again as financing conditions shifted, before Paterson bought out the interests of foreign investment partners in early 2026 and restructured the ownership ahead of groundbreaking.
A new clubhouse is planned around club, event, and wellness uses
The centerpiece of the redevelopment is a new private clubhouse designed around dining, recreation, events, and wellness. Plans call for 35,500 square feet of air-conditioned interior space and about 19,475 square feet of accessible rooftop area within the overall 45,850-square-foot program.
The building’s amenities are broad for a private yacht club. Planned features include a 10,400-square-foot fitness, health, locker room, and spa area; a 4,000-square-foot tennis center bistro; and a 2,500-square-foot children’s center with an indoor basketball court and recreation space. The club will also include a fine-dining restaurant, piano lounge, outdoor tapas bar, card room, a private bridal suite, and a second-floor banquet hall that can accommodate up to 280 people.
Additional social and business functions are built into the program as well, including a large outdoor event area and a conference room for up to 24 guests with audiovisual capabilities. The club is also planned to feature a Junior Olympic-sized swimming pool, an outdoor spa pool, and a second-floor adult Jacuzzi near the fitness area.
Design renderings show a contemporary coastal building with expansive glazing, broad terraces, light-colored exterior finishes, and roof-level outdoor areas oriented toward the marina. The architecture is intended to create a more modern club image while preserving the waterfront setting that has long defined the property.
Townhomes will be built in phases alongside the club
In addition to the clubhouse, the redevelopment includes 21 luxury townhomes spread across six buildings and one future custom single-family waterfront residence. The townhomes are planned to range from about 3,600 to 4,700 square feet of air-conditioned living area, with three- and four-bedroom configurations, 4.5 bathrooms, oversized two-car garages, private gardens, and elevators serving all three floors.
Interior layouts are expected to include kitchens, living rooms, and dining areas on the ground level, plus full-size laundry rooms and walk-in closets. The developer said the homes will be outfitted with Sub-Zero and Miele appliances, while several design features will include floating staircases with glass railings and optional third-floor living areas connected to covered patios.
Townhome ownership will include membership to Lighthouse Point Yacht Club and access to the property’s boating and recreational amenities. According to the developer, prices currently range from about $4 million to $5.1 million, and three residences remain available. A separate waterfront homesite of roughly 12,800 square feet has also been offered for a custom single-family residence.
The residential buildings are being designed as three-story structures with flat rooflines, recessed balconies, and large glazed openings. Exterior finishes combine light and dark materials, glass balcony railings, and landscaped private entries.
Club operations will continue while construction progresses
One of the more unusual aspects of the project is that it is being built while the club remains in operation. Paterson said the construction sequence was designed so members can continue using the existing pool and pool deck, restaurant and bar, fitness center, marina, tennis facilities, and other recreational amenities during the redevelopment.
That phased approach is significant for a private club property because it allows the site to keep generating member activity while the new program is delivered. It also reduces the risk of a full shutdown at a waterfront location where boating access and social events are integral to the club’s business model.
The first phase is expected to last about two years, with the new clubhouse targeted for completion in 2028. After that, the remaining five townhomes and the future custom waterfront residence are expected to be built, completing the residential portion of the project.
What the redevelopment means for Lighthouse Point
The Lighthouse Point Yacht Club project adds a new layer of high-end residential and private-club development to one of Broward County’s established boating communities. While the site is not a conventional condominium tower or large multifamily project, it reflects the continued demand for waterfront living tied to marina access, club membership, and low-density luxury housing in South Florida.
Projects of this type are often slower to move forward than typical residential developments because they require approvals from local governments, coordination with existing operations, and, in this case, a marina and clubhouse that had to remain part of the property’s long-term identity. The lengthy timeline also highlights how changes in financing and building code requirements can influence even well-capitalized projects once they reach the permitting stage.
For Lighthouse Point, the redevelopment preserves a longtime local institution while replacing older facilities with a larger, more amenity-rich complex. For the broader market, it adds another example of how South Florida’s waterfront properties continue to be repositioned for buyers seeking larger-format homes and private lifestyle amenities rather than traditional condo inventory.
Frequently asked questions
Where is Lighthouse Point Yacht Club located?
The club is located at 2701 NE 42nd Street in Lighthouse Point, in Broward County.
Who is developing the project?
The redevelopment is being led by Terry Paterson through Paterson Project Management Inc.
How many homes are planned?
The project includes 21 luxury townhomes across six buildings, plus one future custom single-family waterfront residence.
What is being built first?
The first major phase is the new 45,850-square-foot clubhouse, which is expected to be completed in 2028.
Will the marina remain open?
Yes. The redevelopment is planned to preserve the club’s 78-slip deep-water marina, and club operations are expected to continue during construction.
