WestGrayGuy Posted May 20, 2005 Share Posted May 20, 2005 Tower Project in PadreRandall Davis, a Houston loft developer who recently started building his first condominium project in Galveston, is heading to another coastal market: South Padre Island.The Randall Davis Co. is planning to build a pair of condominium towers and 11 beachfront bungalows in the South Texas resort town. Each tower will have 30 stories, making the project his tallest yet.The new project is part of a wave of development sweeping the island in the Gulf of Mexico, which locals call the "tropical tip of Texas."In the past five years, the island has changed dramatically, with new condos, hotels and businesses, said Alta Monroe of Alta Monroe Real Estate."We're becoming more and more of a year-round resort," the Padre Island real estate broker said.Monroe said at least six condominium projects are in the pipeline there.The demand, she said, is coming from buyers from all over Texas as well as from places as far away as Florida and California."Their real estate has been so expensive that when they come to Padre and see what they can get for half of what they sold their house for, they can't believe it," Monroe said.That includes people from Florida who began looking at South Texas after the recent onslaught of hurricanes in their home state, she said.This new crop of buyers, Monroe said, is willing to spend more than $400,000 for aPadre Island condo.Davis said the South Padre project is in keeping with his "current theme of building on the coast."One of the buildings will be called the Sapphire, but Davis hasn't picked a name for the second. Prices will range from $375,000 and reach $1.8 million for a 4,600-square-foot penthouse.Davis said he has already received more than 100 deposits on units, using leads generated from a mailing."I'm absolutely ecstatic about the response," said Davis, who will throw a party for prospective buyers Monday on South Padre.The 182-unit project will be built next to the Sheraton on Padre Boulevard. The Sheraton's owner, Mexico-based Posadas USA, owns the land and is a partner with Davis on the development.The hotel will provide services to condo residents, including concierge, valet and room service. Residents will have access to the Sheraton's pool.The two towers will also have their own swimming pools, with cabanas and an outdoor bar.Every unit will face the Gulf of Mexico and contain two balconies Link to comment Share on other sites More sharing options...
westguy Posted May 20, 2005 Share Posted May 20, 2005 That includes people from Florida who began looking at South Texas after the recent onslaught of hurricanes in their home state, she said.Are they really stupid? Texas's barrier islands are not safer than Florida's. Link to comment Share on other sites More sharing options...
MidtownCoog Posted May 20, 2005 Share Posted May 20, 2005 It's a damn shame. We stay at the Sherton every Cinco De Mayo. We toured this lot last week. Best pool on the Island (6,000+ sf). Now we have to share it with these cheeseballs? Here's a shot of the pool. These properties will be to the middle right. Link to comment Share on other sites More sharing options...
Parrothead Posted May 21, 2005 Share Posted May 21, 2005 First of all, the realtor in that article is an idiot if she thinks: 1. That Padre is any safer than Florida during a hurricane. 2. That people from Florida are considering moving to Padre. Uh, hello? No. Didn't this woman hear about the homes on the Panhandle going for the same amount now than they did pre-2004 hurricane season? All I can say is.....Good luck, Randall Davis. I love Padre, and love that Sheraton pool (that's where we stay too when we go) but they have a LOOOONG way to go before Padre is "tropical" anything, in my opinion. It's nice, beautiful Texas coastline, I have a great time there, God knows I spent many a Spring Break there totally FUBAR, but it is pretty desolate and needs some smart development. It's no Florida, and to me, people that are looking for the tropical South Florida life are not going to find it in Texas--it's a whole different ball game here. Just my opinion!! Link to comment Share on other sites More sharing options...
Talbot Posted May 24, 2005 Share Posted May 24, 2005 Pretty cool I guess, I can't wait to go to SPI again this year. But i do have to agree about the realtor being off about people from Florida moving to South Padre. It's nice for a Texas beach, but it's not like Florida coastal cities. Link to comment Share on other sites More sharing options...
The New Juniper Posted June 7, 2005 Share Posted June 7, 2005 Now we have to share it with these cheeseballs?Wow. Why the hostility? Link to comment Share on other sites More sharing options...
MidtownCoog Posted June 7, 2005 Share Posted June 7, 2005 That pool is just about maxed out as it is on your average day.They will need to build another overflow pool. Link to comment Share on other sites More sharing options...
The New Juniper Posted June 8, 2005 Share Posted June 8, 2005 New Randall Davis Padre Project Link to comment Share on other sites More sharing options...
lockmat Posted November 25, 2008 Share Posted November 25, 2008 Sapphire only has 40 out of 230 units remaining.http://www.sapphiresouthpadre.com/ Link to comment Share on other sites More sharing options...
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