After a decade of discussions and planning, the first round of homes will soon come to fruition in the 2,400- acre, $2 billion Veramendi development located north of Loop 337 in New Braunfels.
“We’ve also got some quite exciting age-targeted senior living products that should come to market probably in the next six months,” said Peter James, CEO of ASA Properties, which is developing the project.
In June, ASA announced four builders that will deliver the development’s first 650 single-family residences, and a fifth builder will soon be announced, James said.
Pulte Homes will build on 50-foot lots starting from the $260,000s and will be the first model home featured. Construction is expected to begin in September.
Scott Felder Homes and David Weekley Homes, each starting in the low $300,000s, will be featured on 60-foot homesites, and Gehan Homes will build on 45-foot lots starting in the mid-$200,000s.
“So actual housing construction and people moving in should be in the first half of next year,” James said.
Max Harford, development manager for Veramendi, said the homes will incorporate a Hill Country look and feel using local stones within the masonry.
Veramendi Elementary School opened last August, and Borchers Boulevard, which runs by the campus connecting Loop 337 to Oak Run Parkway, will be open to drivers by the start of New Braunfels ISD’s school year Aug. 28, James said.
Landscaping work using native plants and grasses will begin by the end of August, with work on the first parks, linear open spaces and trails beginning in the next three to four months.
“We’ve allowed for certain areas to be planted with wildflowers, so hopefully come springtime people have a nice photo op or just a little bit of color when those are in bloom, so you’ll actually have pockets throughout that are seeded with Texas wildflowers,” Harford said.
Designs are also being prepared for commercial retail development that will stretch across the front of the development on Loop 337.
“We’d like to think by the end of next year we’d have the initial struc- tures underway,” James said.
Veramendi will be the home to Howard Payne University—expected to be completed in the next two to three years—and Christus Santa Rosa Hospital, for which a timeline has not been confirmed.
At complete buildout Veramendi is expected to provide a maximum of 6,000 roo ops and 7,000 jobs.
“It’s been a lot of work in the design and working with the city and New Braunfels Utilities to get to where we are, but it’s great to see the project underway,” James said.