Neponset Wharf Update 07/25/16

Restaurateur acquires 7.8 acre marina on Port Norfolk waterfront for $6 million, eyes luxury condominiums


Ralph Bruno, owner of Venezia Restaurant on the Port Norfolk waterfront in Dorchester, today acquired a 7.8 acre marina site on the Port Norfolk waterfront for $6 million as recored in the Suffolk County Registry of Deeds. A locus graphic of the marina is posted above, courtesy Boston Realty Advisors. Bruno also secured a $6 million mortgage for the marina today through East Boston Savings Bank. The marina last sold in 1995 for $2 million. Bruno's 6.2 acre Venezia Restaurant site is located adjacent to the marina; Bruno now owns a total of approximately 14 acres of Port Norfolk waterfront land. 


The Dorchester Reporter reports that Bruno intends to build a luxury condominium complex on the 7.8 acre marina site acquired today. Bruno has sought to team with an experienced development company to build the condominiums and has had longstanding rights to acquire the marina. Bruno began marketing the marina to potential development partners this past fall through Boston Realty Advisors. Bruno Holdings LLC, the limited liability company that acquired the marina today, is organized and managed by Bruno. This page will be updated with additional information regarding development partners as it becomes available. The following is the deed for today's sale of the marina to Bruno:


   

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