Description de l'actif
Jones Lang LaSalle (“JLL”) has been hired to offer the unique opportunity to purchase The Loop 337 & IH-35 Multifamily Site, an approximately ±11.76-acre multifamily development site (the “Property” or “Site”) located inside of the rapidly growing Austin-San Antonio Corridor along Interstate Highway 35 (IH-35) in New Braunfels, Texas. Positioned a half mile from IH-35 and less than 4 minutes from downtown New Braunfels, the Site is centrally located within a city experiencing exuberant growth. The Loop 337 & IH-35 Multifamily Site is in proximity to the area’s premier retail and entertainment options including New Braunfels Market Place, New Braunfels Town Center at Creekside, Gruene Hall, and the San Marcos Premium Outlets. With zoning in-place and utilities already to the site, the opportunity presents investors with a turnkey development site, locked into a development friendly year 2000 impact fee schedule, and is uniquely located in one of the fastest growing regions in the nation.
Caractéristiques de l'actif
Média
Points clés d'investissement
- Grandfathered into the 2000 impact fee schedule with LUE's costing about 1/10th of the 2023 impact fee schedule
- Site is just off the IH-35 nation leading growth corridor between Austin & San Antonio
- The Tract is situated 1.5 miles from downtown New Braunfels, one of the fastest growing cities in the Nation
- Loop 337 & IH-35 is a turnkey multifamily development site, with utilities accessible to the Site
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