June 6, 2006
Rybovich Expands Marina
On June 6, 2006, Davco Electric Contractors Corp., in conjunction with Centex Construction, was awarded the contract to construct the addition to the Rybovich Yacht Service Marina.
Rybovich has manufactured the world's finest luxury sport fishing yachts since 1929.
Centex Construction ranks as one of the nation's five largest general building contractors and provides construction management and design-build services nationwide. Completing more than $27 billion of projects, including of some of the nation's most well-known structures in both the private and public sectors, Centex Construction's primary markets include: multi-unit residential, education, corrections, corporate, healthcare, government, transportation, hospitality, military housing, public assembly, and retail.
Plans for the Rybovich space include a reconfigured service and refit yard, modernized boat building operations on the north end and two residential condominium buildings at the south end of the property.
The two buildings are to hold 220 residential condominiums and 22 ground-floor, residential lofts. Rybovich said it is in discussions with WCI Communities about developing the residential component of the project.
Initial plans also include a pedestrian boardwalk and promenade around the perimeter of the marina, expanded boat dockage to provide more deep-water access and a two-story restaurant with views of the island of Palm Beach and the Atlantic Ocean.
Rybovich was bought last year by the Huizenga family of Fort Lauderdale, FL. Huizenga Holdings is an investment and entertainment conglomerate that owns the Miami Dolphins football team and the team's home, Dolphins Stadium. It also develops and manages residential and commercial properties throughout Florida. The company was founded by the entrepreneur, H. Wayne Huizenga, who owned AutoNation, Blockbuster Video, Waste Management, and Republic Services. Rybovich President, Jim Bronstien said the purchase has allowed the yacht firm to realize a vision it’s had for many years.
Wayne Huizenga Jr., President of Huizenga Holdings, touted the project as privately funded public amenity. "It will galvanize quality growth in the Northwood neighborhood, and is expected to attract new businesses and revitalize the area," he said.
Davco Electrical Contractors portion of this contract is approximately $2,500,000.
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