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Corpus Christi Site for $100 Million Mixed-Use Project
McLeod Cobb Investments will develop Portland Town Center, a $100 million multifamily and retail project that will be located just across the bay from Corpus Christi. It will sit on 45 acres at US 181 and Broadway Blvd.
Plans for Portland Town Center call for 200,000 square feet of retail space spread across 17 pad sites. The site will that will be anchored by a 128,500-square-foot Target store, “Target is a highly coveted retailer and a magnet for the restaurants and retailers that people enjoy,” Meredith McLeod-Cobb says. “When completed, Portland Town Center will be home to about 15 new-to-market restaurants in all dining categories,” as well as 300 multifamily units.
The design team includes Osborn & Vane Architects Inc. and Terra Associates Inc, and Arch-Con Corp. is the general contractor. Plains Capital Bank provided construction financing for the 45-acre project. The city contributed $12.8 million in tax incentives. Construction is scheduled to begin in November.
- ◦Development
