Houston developer Satya Inc. acquires beachfront property in Galveston

A Houston-based real estate developer has acquired a nearly 3-acre tract of land in Galveston next to a luxury condo rental resort.

Satya Inc. paid an undisclosed amount to purchase 2.86 acres at 10327 Termini San Luis Pass Road on the West End of Galveston’s Seawall. The property is adjacent to the Diamond Beach Resort.

While Satya has not said what the property will be used for, it is currently zoned as Resort/Recreation District, High Density Development Zone 5.

A news release announcing…