Larkspur at Creekside

New Braunfels, TX

The first JV with Imprint Property Group, the Project includes the development of an active adult community in New Braunfels, TX. 184 units (183,366 NRSF) and 256 parking spaces (21 attached garage, 14 detached garage, 181 surface, and 40 carports). The Project is situated within New Braunfels Town Center at Creekside, an established 400-acre master-planned community, and will be the first and only active adult community in the market. The Project is directly next to nearly two acres of green space and the $150MM Resolute Health Hospital and Wellness Center Campus (156 bed hospital, 73,000 SF medical office, 21,000 SF fitness center, 13,000 SF retail), and has direct access to over one million SF of Class A retail at the Town Center. The Project is adjacent to two new mixed-use developments in New Braunfels – Freheit Village (recently completed retail, restaurant, event space, multifamily, hotel, office) and Solms Landing (under construction $500MM mixed-use development including includes 300,000 SF of Class A retail, two hotels, single family, 10 acres of park and green space, and 875,000 SF of Class A office space), bringing further density and amenities to the area.

Location

New Braunfels, Texas

Team

Co-Sponsors: BCDC/Imprint Property Group
Lender: Amegy Bank
Preferred Equity: Fast Preferred Equity
Architect: HEDK Architects
General Contractor: Godfrey Construction Company

Project Type

Active Adult Multifamily