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North Padre Island Resort Listed for Sale
Avison Young has been retained to market for sale Whitecap Resort, a shovel-ready 240-acre, amenity-driven coastal master-planned boating community located on North Padre Island in Corpus Christi, TX.
The development plan supports a diverse mix of uses, including a resort hotel with branded residences, residential and short-term rental communities, retail and entertainment offerings, and multifamily housing.
The Avison Young team comprising Chris Kilcullen, Mike Kennedy, James Nelson, Erik Edeen and Michael Agnew is leading the marketing efforts on behalf of the developer, Ashlar Development.
Flexible parcel configurations enable the potential for single- or multi-developer acquisition opportunities.
A key anchor of the development is the $50 million Whitecap Dry Stack Marina, now underway. Already completed are Heron’s Nest Café & Park, and Pelican’s Landing Pool & Fitness Facility. Additionally, an early activation entertainment district is currently under construction.
Residential opportunities include 199 lots in Phase 1, along with townhome lots within the Mixed-Use District, and 420 additional lots in Phase 2.
- ◦Sale/Acquisition