The Cosmopolitan

Highlights:

• High-Performing Waterfront Multifamily Community
• Essentially 100% Leased with a waiting list
• Pro Forma Cap at Purchase: 6.0%
• Pro Format IRR Over 5-Year Hold: 23.39%
• Gross Square Footage: 258,000 SF (Multifamily + Retail)
• 123 One-Bed + 42 Two-Bed
• 4,000 SF of attached Retail

Description:

The Cosmopolitan is uniquely located downtown and within walking distance of all the coastal amenities.

Premier residential development in Downtown Corpus Christi's Marina Arts District, The Cosmopolitan embodies modern living on 1.34 acres with 166 units and 4,000 sq ft of retail space. Its presence in an Opportunity Zone contributes to downtown revitalization. With 165 units (123 one-bedroom, 42 two-bedroom) and 4,000 sq ft of retail space, The Cosmopolitan Apartments offer prestigious modern living. Corpus Christi's economic growth, driven by energy, petrochemicals, and tourism, benefits from its strategic location, infrastructure investments, and supportive policies like Tax Increment Zones (TIRZ).

Strong Demand
The Cosmopolitan Apartments are essentially fully occupied, highlighting the robust demand for housing in the vibrant Marina Arts District of Corpus Christi.

Walking Distance to Docks, Marinas & Downtown
Boasting a prime location that fully engages residents in the city's vibrant arts and cultural scene. This strategic spot offers breathtaking coastal views and easy access to docks and the marina, creating an exceptional waterfront living experience. The desirable neighborhood's proximity adds to the development's appeal, making it an irresistible choice for potential residents.

Catalyst for Development
With Phase 1’s completion, the ongoing revitalization of Downtown Corpus Christi is further bolstered by the ongoing dynamic and thriving residential and commercial growth within the surrounding blocks.

Modern & Comfortable
Living Spaces The Cosmopolitan Apartments offer contemporary living spaces meticulously designed to meet the needs and preferences of residents. With a wide range of amenities and features, this development ensures comfort, convenience, and a high-quality living experience.

Promising Growth Potential
Downtown Corpus Christi is currently witnessing a surge in new development, with ongoing and planned projects valued at over $19 million. This signifies a strong growth potential for investors seeking opportunities in the area.

LARGEST PORT IN THE UNITED STATES SINCE 1926
560+
The marina features 560+ wet slips for pleasure and commercial boats, complete with amenities like a fuel dock, pump-out station, showers, and boat ramps. It also offers a designated repair area and a 25-ton travel lift facility. The Port of Corpus Christi is a pivotal U.S. energy export port, holding the title of the nation's largest in revenue tonnage. Achieving a record tonnage of 49.6 million tons in Q1 2023, it's strategically positioned on the western Gulf of Mexico with excellent rail and highway connectivity, serving as a vital gateway for maritime commerce. Energy Port of the Americas remains steadfast in fostering new opportunities in South Texas' energy landscape.

CORPUS CHRISTI IS A NEXUS OF INNOVATION, CULTURE, AND ECONOMIC PROSPERITY.
Corpus Christi harmonizes coastal living and vibrant tourism, offering a serene lifestyle and easy beach access. Its rich cultural scene spans museums, galleries, performances, and festivals. As a tourist hotspot, a new 7-story hotel promises stunning views. Commercially, the Marina Arts District approves projects worth $35 million. In residential development, an $800 million master-planned community called Whitecap NPI is underway. The city's skyline evolves through the construction of the new Harbor Bridge, a significant architectural and infrastructural upgrade.

Nearly $ 1 billion worth of projects are under construction.
• 10M + Visitors per year
• 28,000 Hospitality employees reside near tourism areas.
• $1.38 B Generated through Tourism

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