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Plans underway for first lots of long awaited Lago Mar - The Galveston County Daily News : Biz Buzz / Buzz Blog

September 21, 2014

Plans underway for first lots of long awaited Lago Mar

Posted: Thursday, November 14, 2013 12:15 am

Lago lookout: Eight years after announcing plans for Lago Mar, a massive project that would bring thousands of houses and new retail to Texas City, Land Tejas Co. officials have begun preliminary work on the development’s first residential phase. Engineering and land planning work are underway and about 200 single-family lots are expected to come online by mid-2015, Collin S. Campbell, a development manager with Houston-based Land Tejas Cos., said.

Land Tejas has entered into a joint venture with Charlotte, N.C.-based Mountain Real Estate Capital, which has paid all the bank debt on 376 acres on the west side of Interstate 45, one mile south of the Tanger Outlets and adjacent to Sam’s Club, 6614 Interstate 45.

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