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  + Hospitality  | 
Galveston Wharves to receive almost $100M in improvements

Galveston Wharves OKs Nearly $100M Expansion

The Galveston Wharves Board of Trustees has approved a $29.9 million construction contract to begin the first phase of an estimated $90 million in cargo infrastructure expansion and improvement work at Galveston’s West Port Cargo Complex.

Texas Gulf Construction Co., Inc., is expected to begin work this summer to enclose and fill a slip at Pier 38/39. The port funds the project with cash reserves, largely generated from cruise operations.

Work in the next two phases, expected to be awarded and begin this summer, will be a $50.1 million project to enclose and fill a slip at Pier 40/41. This work will be funded with a $36 million state grant and $14.1 million in port reserves.

The projects also will result in a new 1,426-foot-long berth from Pier 38/39 to Pier 40/41. All work should be completed in 2026. Future phases will include paving and other improvements. 

Galveston Wharves CEO Roger Rees added, “It’s a great day in the port’s nearly 200-year history when we can invest almost $100 million to build up our waterfront.”

Connect

Inside The Story

Galveston Wharves

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.

  • ◦Development
  • ◦Financing