East Galveston Beach Property Set For Hotel, Condo Projects, Market briefs

In Galveston, An 11.6-acre tract on East Beach in Galveston is in-play as a possible multi-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 slated to fetch about $25 per SF.

In 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.