An Austin-based development group has acquired land to build a resort-style condominium community on Tiki Island near Galveston, the companies announced in an April 22 news release. 

Legend Communities, with financial backing from Tiki Time LLC, paid an undisclosed amount to purchase the 6-acre parcel on Tiki Island, where it plans to build the Tiki Island Residences and Boathouse Resort. The community will include 75 condo units, a yacht club and a boathouse.

The developers closed on the property earlier this year and are in the process of finalizing the site plan and conceptual design for the development.

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