Future of Waves Resort land mulled and last updated 2021-03-12 22:11:13-05 CORPUS CHRISTI, Texas â Thursday's news that Waves Resort on North Padre Island was going to be demolished left many people wondering what's next for the large plot of valuable land. Friday provided no definitive answers, but Corpus Christi City Council Member Greg Smith did have some predictions. âItâs mixed use," Smith said. "There will be hotels, shops, restaurants, residential multi-family.â That's what Smith -- who's district includes Waves Resort -- anticipates will come out of the master plan he expects the property owner, IBC Bank, will present to the city council in the next month or so.