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Kirana Recieves Permit. Groundbreaking in August.
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5 Comments ::  :: South Padre Island |
Kirana South Padre Island Recieves Permit. Groundbreaking in August.
After four long months of delay upon delay, Kirana has received the necessary approval and construction permits. The delay, while costly, allowed Kirana the opportunity to voluntarily redesign aspects of the Tower to meet the new IBC (2009) building code which was developed after Hurricanes Katrina, Ike and Dolly. The result will be a safer and stronger tower, resulting in more value for purchasers.
Kirana is the first project to meet the 2009 IBC Code on South Padre Island.
The interior-design team has been developing new solutions for interiors and common areas. Groundbreaking Activities planned for August:
KIRANA ACTIVITY CENTER will be up and running by August 1. It will be located on the beach in Kirana and will be geared to coordinate kid and adult activities through the end of the summer. We will have a complete calendar and list of activities ready by July 20. Customer Center Monterrey, MexicoThe Kirana will open its customer center in Monterrey, Mexico on Thursday, August 19. A get-together will be held to show it off,
as well as display some of the building finishes chosen. Mark your calendars and plan to attend. |
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| Comments | |
Gayle Hood @
Friday, July 30, 2010 11:10 AM | |
It is amazing that they have already presold so many of these. Goes to prove there was a need for new 3, 4, and 5 bedroom units in South Padre Island. |
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Paranoid Investor @
Friday, July 30, 2010 1:35 PM |
I'm still laughing at the line:
"The delay, while costly, allowed Kirana the opportunity to voluntarily redesign aspects of the Tower to meet the new IBC (2009) building code which was developed after Hurricanes Katrina, Ike and Dolly."
What developer in their right mind would delay a major project to "voluntarily" redesign their building to meet last year's building codes, especially when many of the units have already been presold? That just doesn't make any sense.
So now we're left to guess at the REAL reasons behind the big delay. I have no doubt that some serious redesign work was necessary to meet the required building codes, but is that the only story here? Perhaps not as many of those condos have been presold as we were led to believe, and it just made good economic sense to stall the project until the economy recovered a bit? Or could it be that the developers were having some financing difficulty? Maybe the Ocean Towers disaster scared the developer into putting some more effort into the foundation design to avoid a comparable nightmare? One can only guess.
Sapphire had some setback issues which slowed down construction, so maybe the Kirana developers had a similar problem? If so, have any of the building's external amenities also had to be redesigned? I'm not trying to start a rumor here, but it's a legitimate question. Beach erosion is a constant problem. I think it cost roughly $6M to renourish the beach this past spring. If all the beachfront property owners got together and pumped 10X that amount of money into a bigger renourishment project, nobody would have to worry about beach erosion for years to come, and new developers like Kirana woundn't have to worry about setbacks. And the bigger, better beach would raise property values a lot more than the beach rebuild project would cost, IMO.
The good part of this Kirana story is that the building may be the toughest on South Padre, and that's a GOOD thing. In my opinion we lost WAY too many roofs, and far too much damage was sustained when minimal hurricane Dolly hit. It appears that some government agency out there that overseas island construction standards is now starting to get some teeth. Poor construction hurts the value of the entire island, and this new project has the potential to be the most solid building on the island.
I am also curious about the demand for larger, more luxurious condos. These Kirana marketing guys sure seem to know what they're doing, and I give them a lot of respect. Assuming this project is successful, it could set the tone for future island developments. Just imagine an island with more Isola Bella class of units, in which most of the units are unused and shuttered up most of the year. I pray that the Kirana condos don't use hurricane shutters, making it appear to be fully occupied. |
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Medicine Man @
Saturday, July 31, 2010 3:43 PM |
When people come to the island they tend to forget about practical matters. South Padre is good for the soul, and nobody can dispute that. There is no place better in all of Texas. If you need further convincing, just check out all the beautiful real estate pictures:
http://forum.skyscraperpage.com/showthread.php?t=168075 |
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TheNiche @
Wednesday, August 04, 2010 1:14 PM | |
hi there. i was about to submit one of my long-winded responses... but i thought i'd bore you all. so just... hi. :)
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Investor @
Wednesday, August 04, 2010 1:24 PM | |
By all means let's hear what you have to say. |
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