California Construction News staff writer
Kenwood Investments and Suntex Marina Investors have announced a joint venture agreement to construct a new 168-slip marina at Clipper Cove on Treasure Island, the first new marina entitlement on San Francisco Bay in more than 25 years.
Construction could begin as early as June 2026, following anticipated approval from the Treasure Island Development Authority (TIDA) in the coming months.
The project was unanimously approved by the San Francisco Board of Supervisors in 2019 and received authorization from the Bay Conservation and Development Commission (BCDC), which oversees shoreline development around the Bay.
When complete, the new marina will replace aging wooden docks in Clipper Cove, located between Treasure Island and Yerba Buena Island. The redevelopment will feature 168 slips designed for a variety of sailboats, motorboats, and transient users. Floating piers will be mounted on wrapped steel guide pilings engineered to accommodate projected 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, CEO of Kenwood Investments. “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, headquartered in Dallas, operates or manages more than 95 marinas across 15 states, including 17 in California and four in Oakland. The company purchased Almar Marinas, long-time operator of the Treasure Island facility, in early 2024.
“Clipper Cove is not only an historic location, it is also a unique place in one of the largest natural harbors in the world,” said Suntex CEO Bryan Redmond. “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.”
Extensive design and environmental review processes have been completed, incorporating input from local sailors and community members. If approvals proceed as expected, construction could begin next summer, with completion targeted within two years.
