SOON: Sachs on the Seawall
A $540M Landmark Development Shaping Galveston’s Future
Paradyme and Royal Crown Enterprises are leading a $540 million mixed-use development that will redefine the Gulf Coast skyline — setting a new standard for coastal living, commerce, and community growth.
Transforming the Seawall into a Destination
The City of Galveston has officially approved the Sachs on the Seawall project — a transformative mixed-use development poised to reshape the island’s iconic waterfront.
Led by developer Royal Crown Enterprises, with Paradyme as the lead financial and strategic partner, this landmark project represents a long-term investment in Galveston’s economy, tourism, and quality of life.
Key Investment Details
- 200+ key hotel
- Two 11-story condominium towers overlooking the Gulf of Mexico
- Multi-family residences, including workforce and J-1 visa housing
- Over 70,000 sq. ft. of retail and restaurant space
- Pedestrian walkways and green space connecting the community to the shoreline
Investment Types
- Fix & Flip Loans
Short-term loans provided to renovate and resell single-family homes, allowing borrowers to capitalize on property value improvements. - Ground-Up Construction Loans
Loans for the development of new construction projects, offering capital for the building process from start to finish. - Bridge Loans
Short-term loans designed to bridge the gap for real estate investors, helping them secure properties before long-term financing is in place. - Secured with First Trust Deed Liens
All loans are secured with first-priority mortgage liens on the underlying real estate, ensuring added protection for investors.
Investment Process
- Loan Origination
Loans are sourced through Paradyme’s extensive network of regional and national real estate developers, investors, and brokers, ensuring access to prime investment opportunities. - Loan Processing
Our in-house team handles the processing, utilizing third-party vendors for thorough due diligence, including appraisals, environmental checks, and property inspections. - Credit Approval Process
Each loan undergoes a two-step approval process: an initial screening and a comprehensive review of due diligence documents before funding is approved. - Loan Restructuring & Workouts
Our experienced team actively manages distressed loans, restructuring them to minimize defaults and preserve capital, ensuring investor security.
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An $800 Million Boost for Galveston’s Economy
Beyond its scale, Sachs on the Seawall represents an enduring investment in Galveston’s future. Once completed, the project is projected to:
Create 475–575 new jobs
Generate over $10 million in annual tax revenue
Stimulate $17–21 million in visitor spending each year
Produce an overall economic impact exceeding $800 million
This development is more than just a building — it’s an investment in Galveston’s future. It will create jobs, stimulate local businesses, and further enhance the city’s reputation as a premier destination.
-Mike Reveley, CEO of Paradyme
- $500M+ – Recent investment in RV & boat storage, backed by Goldman Sachs, reinforcing market confidence.
- 124 Properties | $556M – RV & boat storage properties sold in 2022, demonstrating strong liquidity and investor demand.
- +18% Growth – Year-over-year increase in RV shipments, driving greater demand for premium storage solutions.
- $1M per Acre – Despite a 50% drop in transaction volume in 2023, land values remain near record highs, proving market resilience.
- $6.8T Wellness Market – Global wellness industry projected to reach $9T by 2028 at a 7.3% CAGR.
- 600+ Acres – New storage facilities added between 2022-23, highlighting rapid industry expansion.
- $80B Projected Market – The RV & boat storage industry is expected to reach $80B by 2035, ensuring long-term investment stability.
- $55B+ RV & Boat Sales Market – RV and boat ownership fueling the need for premium storage solutions.
- 72.9M Gym Members – U.S. fitness facility memberships reached an all-time high in 2023, signaling strong demand for fitness amenities.
- 5.8% Membership Growth – Year-over-year increase in fitness memberships, reflecting the growing focus on health and wellness.
- 1M+ Visitors Annually – Lake Havasu attracts a massive tourism market, driving demand for lifestyle investments.
- 750,000 Sq. Ft. of Retail – Barn Caves is positioned near major shopping, dining, and entertainment centers.
- High Demand for Storage – Chronic shortage of RV and boat storage in Lake Havasu, with over 800 facilities in the U.S. nearing capacity.
- Scarcity of Premium Storage – Growing RV and boat ownership fuels demand for customizable storage solutions.
- Wellness Facility Demand – As the global wellness industry is projected to reach $9 trillion by 2028, the demand for fitness and wellness amenities is growing rapidly.
Architectural Excellence Meets Coastal Innovation
Conceived by Steven Biegel, AIA, and Mohamed Eldawy, Sachs on the Seawall merges visionary architecture with practical community design.
Planned over more than 15 acres, the development will feature pedestrian-friendly walkways, green spaces, and a scenic nature trail surrounding an expanded retention pond — creating a lifestyle-focused, sustainable community.
Key Design Features:
- 5+ signature restaurants and boutique retail spaces
- Walkable, mixed-use design
- Class A construction quality
- Commitment to workforce and local housing
The Visionaries Behind the Design
Steven Biegel, AIA, of PLACE Designers, and Mohamed Eldawy, founder of Royal Crown Enterprises, co-originated the Sachs on the Seawall concept — blending architectural excellence with a shared mission to elevate Galveston’s future.
Their collective portfolio includes:
- Tiara on the Beach
- Ocean Club Resort
- Diamond Beach
- Emerald by the Sea
- White Cap NPI (North Padre Island)
Powering Legacy Through Strategic Partnership
As the project’s lead financial partner, Paradyme is fueling the vision behind Sachs on the Seawall — combining capital, strategy, and long-term marketing to ensure success from concept to completion.
Through our vertically integrated platform, we unite institutional-grade real estate, community development, and investor access to projects that deliver lasting economic and social value.
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