By the Caribbean Journal staff

A new megayacht marina is coming to the Caribbean.

The Altamer Resort in Anguilla has announced plans to expand with a new megayacht marina complex and mixed-use development.

New York-based development firm Time Equities is partnering on the venture with marine project companies Anaconda LTD/ and Cross Island Development.

The new facility will include a 164-unit resort.

The marina will also serve as an official point of entry to the island, with 30 percent of its berths accepting yachts between 30 and 200 feet.

“For nearly a decade, Altamer Resort has offered the finest world-class hospitality experience on Anguilla, and we are certain that with the involvement of Jeff Boyd, Chairman of Anaconda LTD/Marine Management and Consulting, along with Cross Island Development, we will collectively enhance that reputation,” said Francis Greenburger, Chairman and CEO of Time Equities, Inc. “Altamer Marina will rival some of the most renowned facilities in the region and will not only position Anguilla as a choice destination among the luxury yachting community, but will meet the rising yachting, shopping and dining demands of high-net worth individuals.”