Corpus Christi retail uncappedCorpus Christi retail uncappedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=49472014-02-13T09:13:00Z2014-02-13T06:41:00Z

CORPUS CHRISTI - The Corpus Christi regional economy has been pushed into overdrive with the South Texas oil boom, which is resulting mainly from the Eagle Ford Shale play, according to Lynann Pinkham, Cravey Real Estate Services.

With the industrial growth, retail growth is also expected, and 2013 was indeed a strong year for Corpus Christi.

The Port of Corpus Christi is at the center of this growth, with billions of dollars — foreign and domestic — being spent on projects throughout the Port and the area. National and regional tenants have moved into the area and several existing retailers expanded with multiple locations last year.

One of the biggest relocations came with the Sam’s Wholesale move. The company sold their location on Greenwood Dr. and moved their business to the intersection of South Padre Island Dr. and Everhart Rd.

The most prominent new project is the redevelopment of the former Staples Center into the prestigious Shops at La Palmera. Corpus Christi Bay Outlet Mall also broke ground in July 2013 on their new project.

The entertainment and tourism subsector is seeing growth as well. A $40 million Schlitterbahn water park is under construction on North Padre Island.

The strong 2013 market should remain strong in 2014 for new and existing retailers.

Texas Real Estate Business
Corpus Christi
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