Resort report: A long-planned luxury residential and marina development advanced this week with the acquisition of the last remaining piece of waterfront real estate property in Tiki Island.

Legend Communities and Tiki Time LLC this week announced the acquisition of roughly 6 acres on Tiki Island, where they plan to develop an upscale residential community, yacht club and boathouse resort in a development called Tiki Island Residences and Boathouse Resort.

Laura Elder: 409-683-5248; laura.elder@galvnews.com

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