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Transactions - OCTOBER 31, 2022

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McLeod Cobb to develop $100m multifamily, retail project in South Texas

by Andrea Zander

McLeod Cobb Investments has plans to develop the $100 million mixed-use development located in Portland, Texas, roughly 10 miles outside Corpus Christi.

The project, Portland Town Center, will include 200,000 square feet of retail space and 300 multifamily units. A 128,500-square-foot Target will anchor the retail portion of Portland Town Center, which will also include 17 pad sites. The 45-acre development site is located at the intersection of U.S. Highway 181 and Broadway Boulevard, roughly three miles from the Port of Corpus Christi.

The project is scheduled for completion in 2024, with openings beginning in 2023.

 

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