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By
mikead @
Friday, July 14, 2006 11:02 AM | |
A lot of opportunity here and that's verified by the large developers who have purchased large tracks of land and have plans for mega development projects, like ZOL. See Alice's local news article on the ZOL development project. |
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By
Michael Stuart @
Monday, December 03, 2007 10:33 AM |
730 acres of land on the north-end of South Padre Island was sold at a live auction on Tuesday, July 24th in Corpus Christi.
The development site, situated three miles north of the city of South Padre, encompasses the full half-mile width of the island and provides approximately 7,785 feet of beachfront footage along the Gulf of Mexico and the Laguna Madre Bay. South Padre Island is a 34-mile long barrier reef island at the southernmost tip of the Texas Gulf Coast.
The new owners will be able to establish all zoning and master planning, which could include uses such as mixed-use, high-rise condominiums, multifamily, single-family, entertainment, lodging, recreation, marina and retail pad sites.
There wasn't a problem with the land. The developer went bankrupt on a corporate level because of cash-flow difficulties. He simply didn't have enough cash with all the investments he had around the country. |
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