Phase one of Muskegon Lake development Adelaide Pointe ready to serve boaters Adelaide Pointe opens 165,000 square feet of indoor storage for boats, and a new 200 foot long dock to be set in Muskegon Lake to support boat storage business. Author: Jon Mills Updated: 6:17 PM EDT July 30, 2021 MUSKEGON, Mich. — The former Michigan steel property at the end of West Western Ave. in downtown Muskegon is targeted for a marina community development that could result in a $225 million investment on the shore of Muskegon Lake. North Muskegon developer Ryan Leestma's Adelaide Pointe project will be built in phases and is expected to take between five and ten years to complete.