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Condo Developer Cuts Ribbon on New Downtown Office in Biloxi
by Keith Burton - GCN     Filed 5/19/06

The weather could not have been better for a  downtown Biloxi ribbon cutting ceremony in the Vieux Marche Friday afternoon. The ceremony was to mark the grand opening of a new addition to the offices of Gulf Coast Investment Developers Inc. (GCID). The company is the largest developer of condominium projects in Biloxi and its main office is in the Barq Building just across the street to the new addition.

The company, which includes realty and mortgage divisions, has a growing list of properties under development and construction in the city, mostly along Beach Boulevard . Their current list includes 13 developments including Oak Shores, and Sea Breeze that are nearing completion.

GCID's plans were only temporarily interrupted by Hurricane Katrina. Since the storm, the company has moved forward on all of its projects and is very enthusiastic about the future of Biloxi and the Mississippi Coast.

"We were very excited pre-Katrina regarding waterfront and condominium development, and while there is a lot of devastation post-Katrina, there is a silver lining in what is happening for the future. We are very excited about being a part of this renaissance." said Mike Boudreaux, president and CEO of GCID.

The GCID ribbon cutting was a bit fancy for downtown Biloxi. Several pavilion tents were set up on the road between the GCID main office and their new addition just across the street. Normally the road through the Vieux Marche is open to traffic, but it was closed for this event, which was attended by almost 80 people. With a live band on hand and the festive atmosphere, the event was more like an outdoor party than most similar ribbon cutting events.

On hand were a number of dignitaries including Steve Richer with the Harrison County Tourism Commission, and city councilmen Mike Fitzpatrick and Ed Gemmill, as well as Roland Weeks, the retired publisher of the Sun Herald.

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