PORT OLIVER, TX-Crown Team Texas is preparing to break ground on its first phase of waterfront condominiums for the $100-million Laguna Harbor, an 80-acre plan for single-family and high-density residential units. Construction will begin within two weeks on the 14-unit Village at Laguna Harbor.
The $3-million condo project will deliver in roughly nine months. The condos, being marketed at $225,000 each, will include docks and slips for power boats.
Crown Team Texas from nearby Beaumont is the developer, general contractor and sales team for the project at the intersection of Nelson Avenue and 23rd Street. Long Architects Inc., also from Beaumont, is the architect. Construction financing was provided by Prosperity Bank of Winnie, TX.
According to Jim Hayes, Crown Team's managing principal, more condos are planned for Laguna Harbor. "We could do up to five sections, but they'd be different styles as we don't want to do the same thing over again," Hayes tells GlobeSt.com. He adds the future mix could include townhouse styles.
The first deliveries will be one- and two-bedroom units, ranging from 600 sf to 820 sf. Hayes indicates all units are elevated so they are well above the base flood line.
In addition to the residential development, Laguna Harbor has been designed with a village market. The plan calls for a grocery store and neighborhood services. Hayes says the construction date for the retail component has not yet been determined, but noted that the entire project is to be completed within five years.
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