City Point Capital today formally proposed replacing the current MarineMax Russo complex in Port Nortfolk with 150 residential units, a 25-room hotel and a boathouse.
The South Boston developer's letter of intent, filed with the BPDA, calls for 195 parking spaces for the proposed Neponset Wharf project, which would sit at the mouth of the Neponset, next to the Venezia Restaurant and the Boston Winery off Ericcson Street.
The current MarineMax Russo boat sales, storage and service buildings would be torn down. The existing marina and slips, however, would be retained and upgraded.
The next step is for the company to file a project notification form that would have more details on the proposal, as part of a public-hearing process before the BPDA board votes.