Safe Harbor Rybovich has opened a 44,054-square-foot Trade Building at 157 E. 22nd Street in Riviera Beach, part of an expansion that nearly doubles the hauling capacity of what the company calls the largest superyacht repair facility in Florida.
Safe Harbor Rybovich has opened a 44,054-square-foot Trade Building at 157 E. 22nd Street in Riviera Beach, part of an expansion that nearly doubles the hauling capacity of what the company calls the largest superyacht repair facility in Florida. The three-level building on a 4.84-acre site holds trade workshops, mezzanine space and professional offices for the contractors who work on the vessels. Alongside it, a German-built mobile lift can haul yachts up to 250 feet long, and the campus is now expected to service up to 300 vessels a year.
Hedrick Brothers Construction managed the project, which began in May 2025 and reached substantial completion in April 2026, with Saltz Michelson Architects as architect of record. The work included hardening and expanding the boatyard with new electrical and mechanical infrastructure. What the building really provides is industrial space for skilled trades: carpentry, electrical, fiberglass and composites, engine and metal work. Each of those trades supports suppliers, fabricators and service companies, and many of them need small industrial and flex space close to the yard.
A few miles south, the same brand is on a different path. Traded reports that Tyko Capital provided $322 million in acquisition and construction financing to Integra Investments for the Safe Harbor Rybovich marina at 4200 N. Flagler Drive in West Palm Beach, a 15-acre Intracoastal property Integra bought from the Huizenga family for about $72.4 million. The site previously had approvals for a 2.6 million-square-foot mixed-use plan with condominium towers, office, retail and marine uses. One property is becoming a waterfront mixed-use destination. The other is doubling down on heavy marine work.
Waterfront land with deep water access and industrial zoning is finite and under constant pressure to convert to residential use. Operations like Riviera Beach’s refit campus are hard to relocate once they are gone. That makes the remaining working waterfront, and the industrial buildings that serve it, more valuable over time. Riviera Beach ran about 5.0% industrial vacancy in the second quarter, according to Cushman & Wakefield, well below the countywide 8.1%.
If you own industrial space near the Port of Palm Beach or the Riviera Beach waterfront, marine contractors and suppliers are a natural tenant pool, and they value proximity over cosmetics. If you run a marine trade, secure space with yard area and heavy power before expansion demand absorbs it. If you own waterfront land, understand both its marine-industrial and its redevelopment value before deciding what it should become.
AXCESS Commercial works with owners and marine businesses across Palm Beach County, leasing space, listing properties for sale and managing industrial buildings near the water.
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