By Dale Rankin
The developers of the Whitecap NPI project on Padre Island have hired two international development firms to seek investors for both retail and residential pieces of the project as the events site on Compass Street is set to open by summer 2026.
Terrence Johnson, Executive Vice President of Ashlar Development and on-site manager at Whitecap NPI, said this week that New York-London based Experience Studio has been hired to market the residential area of the Whitecap NPI site, while the firm of Avison Young has been hired to market the retail, mixed-use, and hotel portions as the project moves toward the completion of Phase I.
“We are reaching out to big players,” Johnson said this week. “These new partners give us a nationwide and worldwide reach.”
Avison Young is concentrating on marketing the commercial and mixed-use space along with an on-site boutique hotel with 150–200 rooms.
“The hotel will have a full day spa, meeting rooms and a conference center,” Johnson said. “While Experience Studio will concentrate more on the residential side.”
With site work complete or nearing completion on the newly constructed residential islands, Experience Studio, with projects nationwide, will concentrate on investments from commercial developers and Real Estate Investment Trusts (REITs) looking to develop up to fifty homes on each of the islands, he said. The model homes now under construction on the west side of the 240-acre site are expected to be complete by summer 2026 and ready for sale.
He said work at the site has shifted from a focus on the marina site near the Don Patricio Bridge, where work in infrastructure is complete, to the Activity Center on Compass Street, which is set for opening by summer 2026 with an event area, ship store, boat docks, on-demand boat fueling, pickleball courts, golf cart rentals, a boat rental club, and boat sales.
“The addition of these two groups are to help us market and showcase what we are doing nationwide,” Johnson said.
The development is owned by Diamond Beach Holdings, a wholly-owned subsidiary of International Bank of Commerce (IBC), with construction at the site managed by Ashlar Development.
One Response
Hi, this is a comment.
To get started with moderating, editing, and deleting comments, please visit the Comments screen in the dashboard.
Commenter avatars come from Gravatar.