SOUTH PADRE ISLAND, Texas (AP) _ Tourist-popular South Padre Island could be getting a nearly $52 million, 39-story condominium tower.
Rick Vasquez, transit and development director for the city, says a building permit has been issued for the Kirana Luxury Condominiums.
Architect Sam Listi says the project is being developed by Kirana Management LLC, with investors based in Monterrey, Mexico.
Listi says groundbreaking could happen next month, with construction expected to take about two years.
The Valley Morning Star reports the July 6 building permit lists the value of the project at more than $51.8 million. Listi says condo units would start at $735,000.
The tower and parking garage are planned for the site that used to be the Miramar Resort Hotel, which was demolished in April 2009.
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