Author: Blake Hess

February 05, 2024

Tag, Larry Caster

Beach Street Hires Chief Development Officer, Larry Caster.

Del Mar, California – Jan 24th, 2024. Today, Beach Street Development (BSD) announced a new C-suite hire to expand the organization's talented and diverse leadership team. Larry Caster has joined Beach Street as its Chief Development Officer (CDO), bringing a wide range of experiences and decades of expertise in management, real estate development, and surf resort construction that will be impactful to Beach Street projects, already in various stages of development and construction. 

“Beach Street Development is thrilled to welcome Larry as our new Chief Development Officer,” says Beach Street’s founding partner Doug Sheres. “The addition of Larry will allow our executive team to focus on all areas of the business and effectively manage the attention to detail that is required to develop projects of this magnitude.”

As CDO, Larry will focus on current and future projects starting with DSRT Surf in Palm Desert, California and HTX Surf, in Houston, Texas. Larry Brings over 30 years of national and international development and management experience including Wai Kai, Hawaii’s first man-made surf destination where he worked with Beach Street Co-Founder, John Luff on The LineUp. Larry was the Director of Retail and Resort Development at Haseko Development for the 1,200-acre master planned development in West Oahu. The oceanfront Wai Kai project located within the overall Hoakalei resort opened in March of 2023 and includes the world’s largest deep-water standing wave, along with stand-up paddling, kayaking and other water activities on the adjacent 52-acre lagoon. The project also includes the Kitchen Door restaurant featuring a Michelin awarded chef, the LookOut restaurant offering a front-row view of the surf action, a large events lawn area, Foam Coffee & Bar and a private club on a boardwalk overlooking Hoakalei’s Wai Kai Lagoon, and Sessions retail shop geared to the waterman lifestyle. John Luff comments “Larry was integral in bringing Wai Kai to life. His leadership and experience will be invaluable to our projects and will strengthen Beach Street’s ability to effectively and efficiently manage pre-construction through construction and handoff to our operations team. Beach Street is uniquely positioned in this growing space and Larry is an important addition to our comprehensive real estate development management team which now comprises deep experience in every aspect of the real estate development cycle. From market analysis, site selection, technology analysis and proforma development to design management, entitlements, debt and equity financing, construction management, and operations, Beach Street’s team is highly experienced and uniquely qualified to deliver best in class projects in the rapidly growing surf park and man-made surf destination sector.  Beach Street takes great pride in our unique management capabilities which we successfully combine with significant industry and financing relationships.  We are happy to have Larry and his extensive development and construction experience as part of our team.” 

Beach Street Development & Operations

Beach Street Development & Operations (Beach Street Surf) is pioneering a new segment – barefoot lifestyle destinations and resorts anchored by man-made surfing lagoons. These surf lagoons provide ocean-like waves and a surfing experience that often rivals the ocean. Creating an entirely new asset class requires experience, vision and authenticity. 

The Beach Street Development & Operations team has over 150 years of combined experience in surf technology, real estate development, investments, private equity, project finance, construction / project management, hospitality and surf destination operations. We are uniquely qualified to lead efforts to develop, fund and operate projects of this scale and we have hands-on experience designing, funding, building and operating similar projects in surf, hospitality and other industry sectors.