New Braunfels | July 2023

REAL ESTATE

DEVELOPMENT

2023 HOME EDITION

Mayfair announces rst six homebuilders

$800M-$1B multifamily, hotel, oce and retail project breaks ground

THE OVERVIEW The Mayfair community, which broke ground in 2022, will begin building its rst residential neighborhoods this summer.

BY SIERRA MARTIN

community. Once completed, the master-planned development will have over 330 acres of public parks, four planned Comal ISD schools, and com- mercial and retail space that will add over 2,000 new jobs to the region, according to SouthStar Communities. The rst six builders to begin construction in Mayfair will be David Weekley Homes, Dream Finders Homes, Highland Homes, Perry Homes, Scott Felder Homes and Toll Brothers. “The builders we have selected for Mayfair encompass the small-town modern feel that Mayfair will be known for,” Mills said. “As the community grows, each new business, builder and partner will share our vision to create a positive impact on the New Braunfels area.” “Highland is excited to be invited by SouthStar Communities to build homes in this highly anticipated New Braunfels community,” said Joe Imperial, vice president of sales at Highland Homes. “We will be building our 50-foot Artisan Series and our 60-foot Classic Series, in sizes ranging from 1,800 to over 3,800 square feet, and with a variety of front elevations. We are looking forward to getting started.”

The rst six homebuilders are set to begin construction later this year as progress continues on the 1,900-acre Mayfair community in New Braunfels. Once completed by New Braunfels-based SouthStar Communities, the Mayfair community will feature a variety of housing, schools, parks, trails and a retail town center. Housing will comprise a mix of single-family homes, townho- mes and apartments connected by acres of parks and trails. “Our goal for Mayfair has always been to play a positive role in the growth of New Braunfels and the I-35 corridor,” said Chip Mills, senior vice president of SouthStar Communities, overseeing the Mayfair development. “A tremendous amount of work has gone into laying a collaborative foun- dation for Mayfair that prioritizes connectivity, accessibility and quality of life while enhancing the regional infrastructure of New Braunfels.” The development will also feature over 30 miles of trails that include dedicated o‰-street bike lanes to connect residents to the planned schools, dining, oŠces and parks in the

1,900 acres in total

BY ERIC WEILBACHER

statement. “The development will o‰er luxurious amenities, prime location and charming outdoor courtyards, creating a thriving community where residents feel they are a ‘part of the action.’” Construction on the roughly 28-acre site is set to begin one of two phases in the rst quarter of 2024 and last until at least 2032. Phase 1 will consist of an oŠce building, a hotel, a “wrap” multifamily building, townhomes, outdoor courtyard and a multifam- ily tower, per Caraway. Phase 1 will be located on the part of the land that is east of the train tracks and cornered by Rusk Street and Porter Street. Phase 2 will be west of the train tracks in the more undeveloped part of the property. Units are slated to be for-rent products only, Caraway said.

A long-dormant and abandoned textile factory is in the demolition phase of construction as part of a makeover expected to cost $800 million to $1 billion over the next several years of construction. River Mill, located on the Gua- dalupe River and a short distance from downtown New Braunfels, will comprise around 900 multi- family apartments and townhomes along with a luxury hotel, 83,000 square feet of retail space and more than 130,000 square feet of oŠce space wrapped up in a mixed-use environment, according to Casey Development, the San Anto- nio-based developer of the project. “Residents at River Mill can expect an exceptional living or working experience,” said Drew Caraway, the director of develop- ment for Casey Development, in a

6,000 residential units

330 acres of public parks

The project is expected to take a decade to complete.

30+ miles of trails

AN EXPANSIVE DEVELOPMENT RENDERING COURTESY CASEY DEVELOPMENT River Mill will take the site of the Mission Valley Mills built in 1921—according to the Comal Appraisal District—and transform it into a modern mixed-use facility. The project’s earliest completion date would be sometime in 2032, featuring: • A boutique hotel

4 planned Comal ISD schools

MILESTONE PARK

2,000 new jobs to the region

• 130,000 square feet of o‡ce space • 83,000 square feet of retail space • 900 multifamily units • Large commons/courtyard areas

1102

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CONRADS LN.

35

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KOHLENBERG RD.

SOURCE: CASEY DEVELOPMENT•COMMUNITY IMPACT

SOURCE: SOUTHSTAR COMMUNITIESŠCOMMUNITY IMPACT

CREEKSIDE TOWN CENTER 263 Creekside Crossing (830) 608-1969

NEW BRAUNFELS 1671 IH-35 S (830) 629-0434

LIVE OAK 14623 IH-35 N (210) 651-1911

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