GALVESTON, TX, May 16, 2012 /PRNewswire/ -- A real estate vision over 40 years in the making will soon be realized and further expanded with news that Austin-based development company, Legend Communities, Inc., has closed its acquisition of the 550-acre Harborwalk project (top left photo) in Galveston.
Legend Communities, a full service developer of master-planned lifestyle communities, multi-family and associated commercial and maritime projects in Central Texas, California and Colorado, completed the purchase of Harborwalk from U.S. banking franchise, BBVA Compass.
Legacy International Resort Properties, a real estate consulting, sales and marketing firm headquartered in Austin, brokered the deal on behalf of Legend Communities.
First introduced by oilman John Mecom (middle right photo) as Flamingo Isles in the 1970s, the Harborwalk project currently features 380 lots, a 7,500-square-foot sales office, 156-slip marina expandable to 400 slips, 5,500-square-foot ship store, swim center with tiki bar, and an 11,000 square-foot yacht club with restaurant. The closing also includes an additional 400 acres of land for home development, 60-plus acres for new canal development, and nearly 150 home sites.
For a complete copy of the company’s news release, please contact:
Web Site: http://www.legendcommunitiesinc.com
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