Home New mexico real estate Houston developers plan $42 million housing project in New Braunfels

Houston developers plan $42 million housing project in New Braunfels


The development will cost $42.7 million to build, according to the filing. Construction is expected to take nearly two years. The expected start date is October 1 with an estimated completion date of August 31, 2024.

The 341,140 square foot project will have 183 single-family homes for rent, along with a clubhouse and pool building. The development will be located at 816 Barbarosa, New Braunfels, TX 78130.

Kaplan Management Company has several developments in Texas, Florida, New Mexico, Georgia, Arizona and North Carolina. The company was founded in 1978 and has developed, managed and acquired around 35,000 units, according to the Kaplan Management Company website.

The management company has four other upcoming projects in addition to the New Braunfels site. One in Sugar Land, outside of Houston, and the other three in Gilbert, Chandler, and Scottsdale, Arizona, respectively.

MySA contacted Kaplan Management Company for more information on the development of New Braunfels.

This project comes as an Arizona-based company, Alliance Residential, will begin construction of an apartment complex in New Braunfels. Prose Lonesome Quail will add 14 three-story buildings with 378 units, with construction slated to begin Oct. 3, according to a MySA report.