14353 Commodores Dr - Whitecap Resort 240 Acres of Commercial Land in Corpus Christi, TX 78418

On-the-Ground Highlights: - Canal waterfront lots throughout the development with direct boating access to the Gulf. - Select home lots are already under construction. - $50M Whitecap Dry Stack Marina & Yacht Club is underway, offering opportunities for hospitality and residential operational partnerships and co-marketing. - Completed amenities include Heron's Nest Café & Park, Pelican's Landing Pool & Fitness Facility, and Whitecap Preserve bird habitat and trails. - Construction of the Early Activation District with restaurant and entertainment is underway. Residential & Short-Term Rental Opportunity: - Residential sales are positioned to serve a regional coastal wealth demographic similar to nearby Cinnamon Shores - with the added allure of a dry stack marina and direct canal access to the Gulf. - A majority of lots include boat mooring rights on their canal frontage. - Phase 1 Residential District: 199 lots with models under construction. Pricing for smaller Lot pods or the entire Phase 1 - Mixed-Use District: 94 townhome lots available. - Phase 2 Residential District: 420 lots and ready for infrastructure. - Short-Term Rental (STR) entitlements are in place for the majority of Phase 1 and Phase 2 - Completed upscale homes in the North Padre market sell for up to $800/SF; value-oriented products range from $400–$800/SF. Hospitality Opportunity: - A market-making opportunity exists for an upscale hospitality component to anchor Whitecap. - Branded residences wrapped around the back of the hotel. - Activity-driven demand anchored by sport fishing, bird watching, beach lifestyle, and boating. - The hotel will serve Texas metro travelers who view Whitecap as a long-overdue upscale experience on the Texas coast. Commercial Opportunity: - A unique opportunity to participate in a pedestrian-friendly coastal town center catering to an upscale customer base. - Tourist season and year-round, winter Texan occupancy have both expanded on North Padre Island, yet shopping, dining, and entertainment offerings have not kept pace, creating a clear demand gap. Multifamily Opportunity: - New multifamily apartment product has been largely absent from the North Padre Island market, with aging product. - A Whitecap-anchored multifamily component would serve aspirational visitors not yet ready to purchase lots, as well as provide walkable workforce housing potential. - Potential product configurations include "Gurban" with tuck-under parking and "Texas Garage Wrap" layouts. Entertainment Opportunity: - Opportunity for an indoor/outdoor entertainment venue, including an amphitheater that will synergize with the retail and restaurant components and extend the seasons. Marina Opportunity: - The $50M Whitecap Dry Stack Marina and Yacht Club represents a strategic anchor for the development, with opportunities for hospitality and residential partners to establish operational synergies, co-marketing arrangements or financial participation structures.