14353 Commodores Dr
Corpus Christi, TX 78418 Padre Island

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.