New Braunfels | February

DEVELOPMENT UPDATES

Developments underway in New Braunfels

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GATEWAY TO GRUENE APARTMENTS

ISTANA AT GRUENE STATION A 264-unit apartment complex is being constructed at the northwest intersection of FM 306 and Hunter Road. The 13.1-acre project site is part of a 70-acre mixed-use master plan that includes commercial development on the roadside area of the property, according to the Istana Group, a division of San Antonio-based Alfra Developers. Around 21.6 acres have been reserved for duplex residential development, and 14 acres will be dedicated to single-family residential property. A 7-acre detention pond next to FM 306 near the MK&T Railroad track and multiple new streets will be part of the development, totaling more than 10 acres of streets alone, according to the developer. The project will total 15 three-story apartment buildings totaling 241,931 square feet all together. Individual apartments will range from 600-965 square feet in studio, and one- and two-bedroom congurations. There will also be a 4-acre parcel at the front of the FM 306 and Hunter Road intersection dedicated to commercial development. Space: 264 units Timeline: To be determined

THE MERCER Construction is near the halfway point on The Mercer, a project of local developer GBMC, LLC in New Braunfels. Located in Freiheit Village, The Mercer features both single-level and live/work-inspired storefront units ranging from 680-1,283 square feet. The storefront units will be located on the ground oor of the apartment complex and designed to have an oce or retail space in one portion of the residence with a separate living space. Some of the amenities include a resort-style pool with a sun shelf, a covered lounge, outdoor bar and grills, guest parking and an o-leash dog park. None of the units were set to be leased, and The Mercer sold out of all of units within three weeks of opening units up for sale in July, according to the developer. Other recently built condominium complexes by GBMC include Agave Lofts and Yaupon by Agave on North Academy Avenue in the Town Creek neighborhood in central New Braunfels. The rest of Town Creek comprises master-planned townhomes and single-family homes. Space: 42 units Timeline: summer 2022-winter 2023

Construction resumed in December at the Gateway to Gruene Apartments after the city of New Braunfels issued a stop work order for a contractor exceeding the scope of a permit while digging a 9-foot detention pond and the issues the city had with the project were resolved, said David Morin, one of the managing partners from MNO Partners, the developer of the project. The luxury apartment units, located in the 2400 block of Common Street on the western side of the street closest to Gruene Historic District, will range from 575-1400 square feet and include studio, and one-, two- and three-bedroom oor plans. When completed, the community will feature a resort-style pool, a state-of-the-art tness center and a dog park bar among other amenities, according to MNO Partners. Morin said the apartments are a ve minute walk to Gruene Historic District, and walkability is part of MNO Partners’ goals in choosing development sites. Morin said there will be 13 buildings in all on the site, oering a mix of two-story apartments and two-story townhome buildings. Rent prices range from $1,300-$2,300 per month. Space: 227 units Timeline: August 2022-summer 2024

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NEW BRAUNFELS EDITION • FEBRUARY 2023