McCombs Properties Leads Community Rebuild Following Hurricane Harvey, Further Invests Resources & Funds Across Texas Coast

SAN ANTONIO, Sept. 29, 2017 /PRNewswire/ -- Today, McCombs Properties, the real estate arm of renowned San Antonio-based McCombs Enterprises and the largest developer of resort properties on the Central Texas Coast, announced rebuild efforts are underway at its Port Aransas and Rockport communities following Hurricane Harvey. Although the storm created widespread damage, historic flooding and the interruption of basic services across the state, McCombs quickly began recovery of its three coastal communities, continuing its commitment to residents and the entire Coastal Bend area.

"Immediately following this historic storm's passing, we were on the ground to assess damages and make decisions regarding the recovery of our communities," said Harry Adams, executive vice president of real estate development for McCombs. "We are thankful for how well our modern-engineered communities weathered the storm, but our hearts remain heavy for the greater coastal region. We have a long road ahead of us, but make no mistake: This is Texas, nothing will stop us, this is our Coast, and we will rebuild."

McCombs mobilized local recovery efforts within 48 hours of Hurricane Harvey's passing, allowing for stabilization of its property within the first week, with much of the initial clean-up complete. Beyond simple recovery of their communities, McCombs remains committed to supporting the greater local areas and helping lead the reemergence of the markets. The company has committed to not only rebuild its properties impacted by the storm, but also launch new phases of development at Palmilla Beach Resort and The Reserve at St. Charles Bay communities.

"Apart from simply rebuilding and lending help to our community, we are proud to bring new development to the market including new home sites, condos, homes and amenities," said Adams. "These features create opportunities for our owners, and bring new life, excitement, confidence and optimism for the future of the entire Coastal Bend area."

McCombs' role in reinvigorating the central Texas coast joined similar efforts by others in its industry. Together, with the surrounding community, the resources provided to ignite the economy and rebuild the area have been applauded by the Port Aransas Chamber of Commerce.

"We are fortunate to have a world-class organization like McCombs and its talented team of professionals. Their commitment to working with and supporting the community in the arduous process of rebuilding Port A is vital to maintaining our status as a top-tier leisure destination in America," Jeff Hentz, president of the Port Aransas Chamber of Commerce. "We know the team at McCombs shares the bigger vision for our region and the continued growth in tourism infrastructure and visitors to Port A and Mustang Island."

In the next 30 days, McCombs will begin new construction on two major development projects. The Reserve at St. Charles Bay in Rockport will receive a new-phase of waterfront cottages, creating 36 home sites and $30 million in finished property value. At Palmilla Beach in Port Aransas, McCombs will construct 70 new beachfront home sites and $75 million in finished property value.

"We care about our coast, we're proud of the residents and local leaders of the coastal towns, and are excited about working together to rebuild bigger and better than before," said Adams. "My challenge to all Texans, each to his own means, is to be part of making history—whether buying property, booking a vacation, taking a fishing trip, or coming down to help out. Do your part in rebuilding our coast—not tomorrow, but today."

About McCombs Properties
Red McCombs, the founder of San Antonio-based McCombs Enterprises, is a well-respected Texas businessman, auto dealer and successful investor. His real estate division, McCombs Properties, both self-develops and invests with development partners in all classes of real estate throughout Texas and Colorado. Assets consist of timber and ranch lands, office and retail developments as well as multi-family, second home and resort residential communities. Mr. McCombs and his handpicked managerial team bring a dedication to excellence, a detail-oriented approach, and extensive experience to every project.

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SOURCE McCombs Properties

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