- Margaritaville Resort and Beach Cottages progresses after completing geotechnical testing in Galveston.
- RREAF Holdings targets delivery of a model cottage and buyer previews by summer 2026.
- The $700M project will feature a 300KSF resort, water park, restaurants, and 278 furnished cottages.
- Federal permits are secured, and contractors are poised to start the next construction phase.
Development Moves Forward
According to Bisnow, RREAF Holdings has completed key geotechnical testing at the $700M Margaritaville Resort site in Galveston. The developer has secured multiple permits, including a federal beachfront construction permit and the Margaritaville trademark sublicense. As a result, the team is preparing to begin vertical construction. A model cottage will be delivered this month. The company plans to welcome potential buyers by summer.
Project Scope and Next Steps
The development includes a 300KSF beachfront resort with an adjacent water park, restaurants, and hundreds of guest rooms. In addition, 278 furnished cottages will be available for sale. Houston-based Aura has been constructing the cottages off-site, with contractors and landscapers on standby to commence the next construction phase as soon as possible.
Community and Investor Impact
RREAF’s progress signals continued momentum for mixed-use and hospitality investment along Galveston’s coastal corridor. The project reflects growing confidence in the area’s long-term potential. This momentum comes even as parts of the market face stress, creating opportunities for well-capitalized investors to step in. The Margaritaville Resort should attract both tourists and homebuyers. It will expand the city’s hospitality and residential offerings. At the same time, it will support local economic growth.
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