By David Robinson

Work is due to start in June on a $30m first phase of a new superyacht marina and luxury resort real estate development in Golfito, Costa Rica.

Called Golfito Marina Village & Resort, the company behind the venture is Hacienda El Dorado. This development will help to significantly regenerate Golfito, which has deteriorated since losing the Chiquita Banana Co plants in 1985.

Phase one will see the construction of 50 out of a total of 130 berths for yachts up to 107m (350ft) and work is anticipated to take up to 14 months. In addition there will be an 81m (265ft)-long fuel dock and a boat service yard. It will also have a dry stack for boats up to 11m (36ft) and negotiations with potential pontoon and jetty suppliers are currently in progress.

The marina was designed by ATM (Applied Technologies Management), part of the IGY marina consultancy and management group and, once completed, between 100 and 120 permanent jobs are expected to be created. ATM will certify the project to make sure it meets local planning rules and regulations.

A spokeswoman for the development told SB: “The developer has been in the real estate business for 45 years and has been developing projects in Costa Rica since 2001. Even though the developer is fully qualified to manage the project at completion, the developer is still entertaining the possibility of a flag operator to manage the project.”

The shore and upland part of the project includes beach residential villas, three private floating islands with villas, a Honeymoon Beach Villa, a deluxe hotel and accommodation for yacht captains and crew. Amenities include an open-air spa, fitness facilities, swimming pools and an island restaurant with a nightclub.

With the new resort having plans to host future sport fishing tournaments, Golfito Marina was designed specifically to meet all angler requirements.

In close proximity to the Panama Canal and south of the hurricane zone, Golfito Marina will be nestled on the edge of Golfito Bay, on the Pacific Coast of Costa Rica.

With the calm harbour, Golfito is the only approved drop-off zone for yacht transport ships on the west coast of North, Central and South America. Golfito Marina Village & Resort will offer an exciting new charter yacht destination to a location which was previously inaccessible to superyachts.

In respect of the town regeneration, the spokeswoman told SB: “The total investment for the refurbishment of Golfito is $750,000 in 2014 and an additional $1m in 2015.” As for the marina, she added: “Depending on the demand we are ready to move into phase two during or right after phase one is completed.”