Kenwood Investments and Suntex Marina Investors have agreed a joint venture to construct a new 168 slip marina at Clipper Cove on Treasure Island, San Fransisco.
Closing of the joint venture agreement, which will be entered into via subsidiaries of Kenwood and Suntex Marinas, is expected to occur in the fourth quarter of 2025.
Construction of the new marina – an investment of around $25 million – could begin in June 2026 by Kenwood Investments related entity Treasure Island Enterprises.
The project has been on the cards for several years and has already received approvals by authorities including the Bay Conservation and Development Commission, which has jurisdiction over projects along the shores of San Francisco Bay.
This will be an incredible addition to the recreational features that are an integral part of the plan.
Darius Anderson
Final approval is required by the Treasure Island Development Authority.
It will be the first new marina in more than 25 years within the Bay, and will replace aging, decayed and environmentally unsound wooden docks in Clipper Cove, which separates Treasure Island from Yerba Buena Island.
The redeveloped marina is anticipated to have 168 slips able to accommodate a wide range of sail and motor boats and recreational transient users.
The marina is planned to be built on wrapped steel guide pilings with docks that will float on piers tall enough to accommodate anticipated sea level rise.
“This will be an incredible addition to the recreational features that are an integral part of the plan to make Treasure Island a true treasure in the Bay,” said Darius Anderson, Kenwood Investments CEO.
Historic location
“We look forward to getting started on this project next summer with a goal of having the new marina open within one to two years.”
Suntex Marinas, based in Dallas, Texas, has operated the marina for more than a year.
“Clipper Cove is not only an historic location, it is also a unique place in one of the largest natural harbours in the world,” said Bryan Redmond, CEO of Suntex.
“We are proud to be working with Kenwood and the City because we share their long-standing commitment to make this marina a crown jewel of San Francisco Bay.”
Suntex owns or manages more than 95 marinas across 15 states, including 17 in California with four in Oakland alone.
Suntex purchased Almar Marinas, which had been Treasure Island Equity’s long-time manager, in early 2024.
