A long-dormant and abandoned textile factory is in the demolition phase of construction as part of a makeover expected to cost $800 million to $1 billion over the next several years of construction.
River Mill, located on the Guadalupe River and a short distance from downtown New Braunfels, will comprise around 900 multifamily apartments and townhomes along with a luxury hotel, 83,000 square feet of retail space and more than 130,000 square feet of office space wrapped up in a mixed-use environment, according to Casey Development, the San Antonio-based developer of the project.
“Residents at River Mill can expect an exceptional living or working experience,” said Drew Caraway, the director of development for Casey Development, in a statement. “The development will offer luxurious amenities, prime location and charming outdoor courtyards, creating a thriving community where residents feel they are a ‘part of the action.’”
Construction on the roughly 28-acre site is set to begin one of two phases in the first quarter of 2024 and last until at least 2032. Phase 1 will consist of an office building, a hotel, a “wrap” multifamily building, townhomes, outdoor courtyard and a multifamily tower, per Caraway.
