GlobeSt.com Showcases Plans for Hotel and Conference Center at Cinnamon Shore South
by Jodi Peters
on Wednesday, April 3rd, 2019 at 1:26pm.
Update on hotel and conference center
Word has gotten out about the hotel and conference center in the works at Cinnamon Shore, a community developed by Sea Oats Group. GlobeSt.com recently featured the partnership between Sea Oats Group and the City of Port Aransas as it moves ahead with the project, after Sea Oats' new Cinnamon Shore South was voted last January as the location for the proposed facility.
Writer Lisa Hill wrote a lengthy GlobeSt.com piece that describes where the project stands, quoting Sea Oats Group Developer Jeff Lamkin: “We are moving forward full steam ahead on the hotel and conference center. We have submitted all documents to the state for approval of the legislated tax rebates, which is a key element of the project. We expect to hear back on this in the fall, which is when we will be able to tighten up the capital stack to make it real."
Benefits for Port A and Cinnamon Shore South
The city has long wanted a meeting place with the amenities that would draw the convention-going set -- plenty of rooms, kitchen facilities, meeting space and other amenties. Hill's article explains the benefits such a facility would bring to the city, including extending tourism year-round and drawing newcomers to this part of the Texas Coast. She explains that rebates on sales taxes and hotel occupancy taxes generated specifically from the project will go to Sea Oats Group as an incentive toward construction costs and that "the city must enter into a development agreement by September 1 in order to comply with legislation that would allow the tax breaks."
Sharing the success of Cinnamon Shore
The article gives a comprehensive look at the success of Cinnamon Shore, from the inception of Cinnamon Shore North in 2007 to the groundbreaking of Cinnamon Shore South last fall. It reports that Cinnamon Shore North had more than $250 million in sales and has nearly sold out the 63-acre site, even as the current expansion -- the $1.3 billion approximately 300-acre community -- takes shape one mile down Highway 361. Hill reports that "the first 28 home sites of Cinnamon Shore South, representing more than $25 million in homes to break ground in the next six months, were released during the groundbreaking weekend." And she discusses the long-term plans for this beachfront development: a mix of luxury homes, community pools, and plans for a boutique hotel, a spa, and a town center with shopping and dining. "The long-term master plan will more than quadruple the size of the existing community in years to come," she writes.
“This is tremendous in that no other project on the Texas Coast, not even Cinnamon Shore North has ever achieved this volume of presales prior to being fully built out,” Lamkin told GlobeSt.com. “We are seeing great demand and are happy to know that we have built what Texas beach lovers are seeking.”
We'll keep you posted as plans for the hotel and conference center progress, but we were glad to see such a comprehensive article acknowledge the tremendous work going on at Cinnamon Shore South to bring this project to fruition.