McLeod Cobb to Break Ground on $100 Million Mixed-Use Project Near Corpus Christi

by Hayden Spiess

Portland, Texas — McLeod Cobb Investments is set to break ground on Portland Town Center, a $100 million mixed-use development located in Portland, roughly 10 miles outside Corpus Christi. The project will include 200,000 square feet of retail space and 300 multifamily units. A 128,500-square-foot Target will anchor the retail portion of Portland Town Center, which will also include 17 pad sites. The 45-acre development site is located at the intersection of US Hwy. 181 and Broadway Boulevard, roughly three miles from the Port of Corpus Christi. The project is scheduled for completion in 2024, with openings beginning in 2023. The development team for Portland Town Center includes general contractor Arch-Con Corp, Osborn & Vane Architects Inc. and Terra Associates Inc. Financing for the development was provided by Plains Capital Bank, with Debbie McLeod of McLeod Family Investments LLC acting as key equity partner. McLeod Cobb also received $12.8 million in tax incentives from the city of Portland for the project.

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