Last week, BYB Prop Real Estate Partners led by Marcellous Butler, who is principal of the company and also the co-founder of floating hotel and home business FLOHOM, acquired Baltimore Yacht Basin in Baltimore Peninsula. Baltimore Yacht Basin is a marina located at 2600 Insulator Dr., adjacent to Nick’s Fish House, the Vietnam Veteran’s Memorial Bridge, and the Locke Landing development.
BYB Prop Real Estate Partners acquired Baltimore Yacht Basin from the Port Covington Development team which is underway on a multi-decade, multi-billion dollar development in the neighborhood.
BYB Prop Real Estate Partners plans a complete tear down and rebuild of the marina to include approximately 150 boat slips, including 45 to 50 boat lifts, a ‘Retail Row’ pier with an event space, amenities, and potentially a coffee shop; and an area for recreational waters sports such as kayaking and stand-up paddle boarding. A number of FLOHOM luxury houseboats will also be available for short- and long-term rentals.
