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East Galveston Beach Property Set For Hotel, Condo Projects

GALVESTON – (Realty News Report) – An 11.6-acre tract on East Beach in Galveston is in-play as a possible mixed-use development with a hotel, condominiums and recreational uses.

Some 2.4-acres of the property is teed-up with approvals in place to build a 160-room Residence Inn by Marriott, says Lisa Hankamer of Marcus & Millichap, which is marketing the site. The parcel is expected to fetch about $25 per SF.

Known as the Preserve at Grand Beach, the for-sale property is near the intersection of East Beach Drive and Stewart Beach Drive.

Several condominium towers are located along East Beach.

March 29, 2018 Realty News Report Copyright 2018

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