Developers with Seals Family Properties and Gillum Development are looking for financial support to fund on- and off-site infrastructure costs for their four-story mixed-use condominium development, The Neue at 699 W. San Antonio St., New Braunfels.
The New Braunfels Economic Development Corporation, or NBEDC, received a presentation on the proposed improvements Sept. 30.
The details: As projects begin to come online downtown, the city’s economic development corporation is looking at “striking at opportunities” to fulfill other policy objectives, such as walkability, connectivity and the expansion of underground facilities, Jeff Jewell, New Braunfels’ director of economic and community development, said during the NBEDC meeting.
“With the Neue project, we saw the particular opportunity to do that,” Jewell said.
The proposed improvements would be along Guenther Avenue and San Antonio Street and include sidewalk, drainage and utility improvements, as well as Americans with Disabilities Act-compliant improvements. The developers would incur approximately $700,000 worth of public infrastructure fees and $1.3 million in site-related improvements, according to the presentation.
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