CBRE marketing three development parcels in Port Aransas, TX

CBRE has been tapped to market Ocean Village, Hospitality Village and Lagoon Village, three future mixed-use development opportunities at Palmilla Beach Resort & Golf Community in Port Aransas, Texas. Palmilla Beach is a master-planned, oceanfront resort community occupying more than 500 acres, including more than a mile and a half of prime ocean frontage and a scenic, 48-acre peninsula overlooking Corpus Christi Bay. The growing community is owned and being built by McCombs Properties, the real estate development company owned by famed San Antonio businessman Red McCombs. Hospitality Village is a planned development at the north end of Palmilla Beach with a 300-key beachfront hotel and 60 luxury condominiums. Of the 14.2 acres, approximately eight are considered developable with the remainder allocated to natural dunes. The planned hotel has the option to be eight stories with a large, infinity-edge pool, palapa bar, restaurant, event space, fitness center and beach access. Lagoon Village consists of approximately 48 acres facing Corpus Christi Bay. Entitlements will allow for three, four-story condominium towers and single-family homes, plus amenities including a five-acre lagoon, lodge, boutique restaurant, retreat spa and a private health/fitness club. Considered the best and most desirable land at Palmilla Beach, Ocean Village covers 167 acres with over a half-mile of beach frontage and approximately 100 acres of developable land. Current plans include 447 single-family homes, a clubhouse and lagoon along with two beach access points. Two more hotels are planned within Palmilla Beach and pads are available. The first comprises a 177-room, full-service hotel overlooking the golf course, adjacent to the planned town center. The second is a beachfront site planned for a 60-room boutique hotel and 137 condominiums. While separate from Palmilla Beach, Bay South is also being marketed for sale. This 142-acre property is located approximately one mile south of Palmilla Beach, offering bay views and potential development of an active adult village, multifamily community and retail space. “After only five years of work, we’ve elevated the Palmilla Beach brand to be the finest beachfront, master-planned community on the Texas Coast, and we’re just getting started. With a master plan of over 1,500 residential properties, three hotel sites, and a new town center, we’re excited about bringing other quality developers into the community to complement our work and effect an even faster transformational development of the Texas Coast,” said Harry Adams, managing partner of McCombs Properties. “These properties at Palmilla Beach are a fantastic opportunity for developers seeking to capitalize on the thriving tourism economy of Port Aransas,” said Carter Breed, first vice president at CBRE, who is marketing these properties along with Jeff Woolson and Tom Berry of CBRE’s golf and resort group. “Right now, Port Aransas is one of the top tourism markets in the U.S. due to the demand for drive-to destinations from those seeking a family-friendly vacation without the pandemic concerns associated with flying. With 20 million people within driving distance, we continue to see in the Port Aransas areas the need for top quality live and play style amenities catering to both the long-term residents of the area and the seasonal guests that travel from across Texas and the U.S. to visit these golf courses and beaches.”