A marina at Baltimore Peninsula has been sold and will be re-imagined to house floating houseboats for lodging and residential use, developers of the mixed-use community in South Baltimore said Wednesday.

Baltimore Yacht Basin Marina, on the Patapsco River’s Middle Branch next to Nick’s Fish House restaurant and Locke Landing, has been purchased by BYB Prop Real Estate Partners, led by Marcellous Butler, co-founder of Baltimore-based floating home company Flohom. The purchase price was not disclosed.

The property was sold by Sagamore Ventures, Under Armour founder Kevin Plank’s private investment firm and one of the developers of Baltimore Peninsula, a waterfront community where a first phase of apartments, offices, hotels, shops and restaurants is nearing completion.

Before Sagamore purchased it in 2015 for $5.9 million, the marina had been owned by a group of investors who opened Nick’s Fish House in 2004. Before that, the marina had been city-owned with private management for decades.

Flohom, which offers fleets of floating homes similar to houseboats for short-term lodging and for sale, has a production facility at Baltimore Peninsula. The marina will be redeveloped with about 150 boat slips and eventually will house Flohom vessels for short-term and long-term residential and commercial use.

“Waterfront access is a cornerstone of Baltimore Peninsula, and the new BYB Marina will bring the neighborhood experience to the next level,” said MaryAnne Gilmartin, founder and CEO of MAG Partners, part of the development team along with Sagamore, MacFarlane Partners and Goldman Sachs Asset Management, in the announcement.

Some of Baltimore Peninsula’s tenants include the Baltimore headquarters for CFG Bank, which occupies a nearly 100,000-square-foot office, and retailers Urbano Tex-Mex, LIVE-K karaoke, Inspire Nail Bar, Daily Grind and M&T Bank, which have signed leases. Rye Street Tavern recently reopened under the management of Clyde’s Restaurant Group.