Search
 

Sports Boat Maker Plans $1 Mil Expansion

STUART, FL-With strong product demand and limited plant space, Whiticar Boat Inc., the grandfather of custom sports boat manufacturing and renovation on the Treasure Coast, will break ground in January on a 12,000-sf, $725,000 satellite plant.

By Alex Finkelstein | Updated on November 30, 2000

STUART, FL-Whiticar Boat Inc., the 51-year-old patriarch of sports boat manufacturing and renovations on this Treasure Coast, had to either expand or turn down business. With his product selling for $2 million to $7 million each, and a strong consumer demand, the company’s decision was obvious.

The family-founded firm bought a one-acre parcel in Stuart Commerce Park for $124,000 or $2.85 per sf and plans to break ground in January on a 12,000-sf, $725,000 plant that will accommodate boat lengths up to 75 feet. Construction will take about six months.

Whiticar will continue to keep its seven-building core operations at its two-acre headquarters site at 3636 Old St. Lucie Road in Stuart, 120 miles north of Downtown Miami. That location can handle the repair and renovation of 40 boats at one time.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.