High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Houston-Galveston  + Industrial  | 
Galveston prepping for terminal 4

New Galveston Port Cruise Terminal to Cost $140M, Add 900 Jobs

The Port of Galveston has approved a contract to get moving on a fourth cruise terminal. Bermello Ajamil & Partners has won the project’s $5.3 million engineering and architecture services contract. The full scope of work that BA will perform includes designing the terminal building, a parking garage, marine structure improvements and a passenger boarding bridge. BA will also design civil improvements such as surface parking, access roads and utilities.

The Houston Business Journal reports that plans to finance the project with a combination of port cash reserves and revenue bonds can also be finalized once the budget is finalized. Early estimates are that the project cost will be almost $140 million. Adding a fourth cruise terminal is expected to create 925 jobs for the local economy.

The new terminal is expected to be open at Pier 16 as early as 2025.

Connect

Inside The Story

Port of Galveston

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.