Lighthouse Point Yacht Club Breaks Ground on $250M Redevelopment

Construction has started on a roughly $250 million redevelopment of the Lighthouse Point Yacht Club in Broward County, a project that includes a 45,850-square-foot clubhouse and 21 luxury townhomes and that took more than seven years of preconstruction work to reach the ground, Florida YIMBY reported on October 15 Florida YIMBY.

What Happened

The redevelopment at 2701 NE 42nd Street in Lighthouse Point is being led by Terry Paterson of Paterson Project Management Inc., who is serving as both developer and builder, with Annie Carruthers of Insite Design Group as architect Florida YIMBY. The plan replaces the existing clubhouse, adds 21 three-story townhomes in six buildings and reserves a waterfront homesite of about 12,800 square feet for a future custom residence. The club's 78-slip deep-water marina will be kept Florida YIMBY.

The club was founded in 1961 and has operated as a private waterfront club for 65 years Florida YIMBY. Its marina sits minutes from Hillsboro Inlet and Boca Lake, according to the club Lighthouse Point Yacht Club.

A Long Road to Groundbreaking

The project's history is a case study in how long a complex waterfront redevelopment can take. Paterson's team spent more than seven years in preconstruction, including about five years of entitlement work and 28 public hearings covering land-use amendments, zoning changes, engineering reviews and coordination with the City of Lighthouse Point and Broward County Florida YIMBY. The club filed its first land-use application in 2018 to add the residential component.

Late in design and permitting, updated life-safety requirements forced major changes to the clubhouse so it could accommodate a higher occupant load. That redesign and re-permitting added about 18 months Florida YIMBY.

Permits were completed in 2024, but changes in commercial construction lending led the team to hold off on starting. In early 2026, Paterson bought out his foreign investment partners and restructured ownership ahead of groundbreaking, and club members have also invested in the project Florida YIMBY. "There have been many moments when this project could have stopped," Paterson said Florida YIMBY.

He also noted that passersby see only the visible work: "What they don't see are the years of work that happen before the first shovel ever goes into the ground" Florida YIMBY.

The Clubhouse

The new clubhouse totals 45,850 gross square feet, with about 35,500 square feet of air-conditioned interior space and 19,475 square feet of accessible rooftop Lighthouse Point Yacht Club. The program includes:

• A 10,400-square-foot fitness, spa and locker complex.
• A 4,000-square-foot tennis center bistro and a 2,500-square-foot children's center with an indoor basketball court.
• Five lighted Har-Tru tennis courts, two at ground level and three on the roof.
• A Junior Olympic-sized pool, an outdoor spa pool and a second-floor adult Jacuzzi beside the gym.
• A fine dining restaurant, piano lounge, outdoor tapas bar, card room and bridal suite.
• A second-floor banquet hall for up to 280 guests that can be divided in two, a large outdoor event space and a 24-person conference room with audiovisual equipment.

These amenity figures are listed on the club's development page Lighthouse Point Yacht Club and in Florida YIMBY's report Florida YIMBY. Florida YIMBY described the renderings as contemporary coastal, with boxy massing, large windows, light exterior surfaces, marina-facing terraces and rooftop landscaping. Paterson said the team planned for how members will use the club 25 to 50 years from now.

The Townhomes

The 21 townhomes range from about 3,600 to 4,700 air-conditioned square feet, with three or four bedrooms, 4.5 bathrooms, elevators to all three floors, two-car garages and private gardens Florida YIMBY. Finishes include Sub-Zero and Miele appliances and floating staircases with glass railings, and an optional third-floor living room opens onto a covered patio Lighthouse Point Yacht Club. The club lists two floor plans, the Burgee and Anchor residences, and says HOA fees include club membership.

Florida YIMBY reported pricing from about $4 million to $5.1 million, with three townhomes still available Florida YIMBY.

Where Things Stand

Florida YIMBY reported that the primary construction phase should take about two years, with clubhouse completion expected in 2028. Work on the remaining five townhomes and the custom waterfront home follows that phase Florida YIMBY. The club's own page says permits are approved and puts construction at about 28 months through a grand opening Lighthouse Point Yacht Club, so the two sources differ slightly on duration.

The work is phased so the club and marina stay open. Members keep access to the pool and deck, restaurant and bar, fitness center, marina and tennis facilities, and social and boating programs continue during construction Florida YIMBY. Existing members are grandfathered with no added initiation fees or assessments, while new members should expect a non-refundable initiation fee of $35,000 to $50,000 as completion nears Lighthouse Point Yacht Club.

Implications for Owners, Developers, Contractors and Subs

• Plan for code changes mid-design. An 18-month delay from updated life-safety requirements shows how occupant load and egress rules can reshape an assembly building late in the process. Early code consultants and fire protection engineers pay for themselves on club, hospitality and event projects.
• Capital structure can matter as much as permits. The project sat permitted for roughly two years while lending conditions shifted. Owners should test financing assumptions before entitlement is finished, not after. Similar refinancing and lending pressure has been visible across Florida, including in the Tampa Bay apartment market.
• Occupied-site phasing. Keeping a marina, dining and fitness operations open during demolition and new construction requires careful logistics, temporary facilities and safety separation, which affects general conditions and schedule.
• Coastal resilience. The club describes the new clubhouse as built to withstand the elements, a priority for any waterfront building in South Florida.

What to Watch

• Progress toward clubhouse completion in 2028.
• Sales of the three remaining townhomes and the custom homesite.
• Timing of the second phase covering the last five townhomes and the waterfront residence.

Bottom Line

After seven years of entitlements, redesign and a financing restructure, the Lighthouse Point Yacht Club redevelopment is finally underway. It is a reminder that on complex waterfront projects, the preconstruction phase can take longer than the build itself.

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Image credit: Paterson Project Management Inc., rendering of the new Lighthouse Point Yacht Club clubhouse. Image from the source article.

Sources

• Florida YIMBY, "$250 Million Redevelopment Of Lighthouse Point Yacht Club Breaks Ground In Broward County": https://floridayimby.com/2026/10/250-million-redevelopment-of-lighthouse-point-yacht-club-breaks-ground-in-broward-county.html
• Lighthouse Point Yacht Club, "Development": https://lhpyc.com/development/