Seaside Living and More

Shuttered Corpus Christi Schlitterbahn will become $800M seaside community

The site that once housed Schlitterbahn's short-lived Corpus Christi location is being transformed into Whitecap, an $800 million master-planned community with waterfront homes, a shopping and entertainment district, and a marina designed to withstand Category 5 hurricanes.

Rendering courtesy of Whitecap

The former site of Schlitterbahn's Corpus Christi location is being transformed into Whitecap, an $800 million master-planned community.

The project by Ashlar Development LLC and partner Diamond Beach Holdings LLC is Corpus Christi’s first master-planned coastal community and is expected to include more than 600 residences.

Located less than four hours from Houston and about 30 minutes from Corpus Christi International Airport, the development is aimed at buyers looking for primary homes, vacation properties, and investment opportunities.

Schlitterbahn opened its Padre Island location in 2016 with hopes of bringing its popular waterpark brand to the coast. But financial troubles and leadership disputes complicated the project early on. After the park closed in 2020 during the coronavirus pandemic, it never reopened, and the site was demolished in 2021.

Now, the former waterpark site is being redeveloped into a waterfront residential community.

"The owners saw extraordinary potential in this uniquely positioned property,” Terence Johnson, executive vice president of Ashlar Development, tells CultureMap. “By transforming a former golf course and water park into Whitecap, they've created a luxury canal community that balances exceptional waterfront living with the preservation of valuable coastal habitat for migratory birds and wildlife.”

The first phase of homesite sales is now underway. Buyers can choose from custom and semi-custom home options featuring a contemporary coastal aesthetic with materials such as concrete and glass.

Located just minutes from Whitecap Beach, the community sits along five miles of navigable canals, with most homesites offering water views, direct canal access, and backyard docks.

A pool and fitness center are already completed, with future plans including a café, event space, sports courts, a dog park, and a marina district with shopping, dining, entertainment, a yacht club, and dry boat storage.

A 30-acre nature preserve will sit at the center of the development, providing habitat for migratory birds and other wildlife.

rent report

New report reveals how many Texans are paying too much for rent

Photo by Francesca Tosolini on Unsplash

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Millions of Texas renters, both current residents and new arrivals, suffer from wallet whiplash.

A new report from the Texas Affiliation of Affordable Housing Providers shows 45 percent of the state’s renters spend more than 30 percent of their income on housing. Renters occupy more than 4.2 million Texas households, representing nearly half of the state’s residents.

Worse yet, 81 percent of extremely low-income households in Texas spend more than 50 percent of their income on housing, the report says. For that income group, Texas has a shortage of 864,000 affordable homes.

Thirty percent is the standard financial benchmark for spending too much income on rent, while 50 percent puts a renter in the “severely cost-burdened” bucket.

“To sustain growth and secure future prosperity, Texas will need more than 320,000 additional affordable homes [rented and owned] to address workforce housing affordability and meet the demands of a growing population,” says the report.

“Today, the state is creating thousands of new jobs,” the report adds, “but housing supply has not kept pace with demand, driving up housing costs and constraining continued economic growth.”

Not surprisingly, people who live in or move to three of Texas’ biggest metro areas get hit with the state’s highest apartment rental rates. Here’s Apartments.com’s list of the 10 most expensive places for renters in Texas, based on apartments whose average size ranges from 713 square feet in Austin to 771 square feet in Plano:

1. Frisco — $1,477 per month
2. Plano — $1,461 per month
3. Austin — $1,417 per month
4. Dallas — $1,413 per month
5. McKinney — $1,363 per month
6. Grand Prairie — $1,327 per month
7. Irving — $1,318 per month
8. Garland — $1,237 per month
9. Fort Worth — $1,217 per month
10. Houston — $1,183 per month

San Antonio boasts some of the lowest average rent among Texas’ 10 most affordable markets: $1,075 per month. Mesquite, a Dallas-Fort Worth suburb, also fits into that category, with average monthly rent of $1,052.

Earlier this month, Gov. Greg Abbott announced more than $114 million in grants to help develop or rehabilitate properties, providing more than 4,400 affordable rental units.

“As our state grows, we must ensure that Texans have access to the affordable housing they need to thrive,” Abbott says.

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