This study is about the lessons learned from two “high-end real estate project developers” that thrived during the worse recession and storms to hit the Texas coast in history. A silver lining from the unfortunate times the region experienced from 2008 to 2012.
At the real estate peak in 2007, over a dozen high-end projects were under way on the Texas coast transforming the skyline and promising better lifestyles. Some of the projects completely failed, most will redeem their value sometime in the future, but only two thrived and are roaring out of the recession.
The report shows how it was a combination of negative factors that took the Texas coast market by storm, while Texas overall had only minor effects from the recession.