Seals Family Properties and New Braunfels-based Gillum Development are expected to break ground on The Neue, a mixed-use project that will feature 46 condominium units, office space, and retail space. Construction is anticipated to begin in early 2026.
The 72,000-square-foot project, which is estimated to cost about $20 million, will be located at 699 W. San Antonio St. in New Braunfels.
The Neue will feature three professional office spaces totaling 3,300 square feet and two retail spaces totaling 2,000 square feet.
The condominium project will also offer an array of amenities, including a:
The Neue is slated to be completed by spring of 2027. On its website, Seals Family Properties says their mission is to invest in and revitalize properties across Texas with integrity, vision, and purpose. They are committed to enhancing communities by thoughtfully upgrading each property to meet the evolving needs of residents, businesses, and neighborhoods.
CP Group, The Georgetown Company and fund manager ACRE, together with investment partner StepStone, acquired Mizner Park in downtown Boca Raton. Brookfield Asset Management was the seller. The acquisition of the 838,840-square-foot office, retail, and residential property represents a full-circle moment for CP Group, which originally developed Mizner Park between 1991 and 1999. Mizner Park...
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Greystar has plans to build a 340-unit apartment complex in Chamblee. The company spent $11.5 million on 7 acres at 5220 Peachtree. Chamblee officials selected the two firms in 2024 to pursue the project that was previously on city land. The Downtown Development Authority was the seller. The Atlanta Business Chronicle reports that Greystar is...
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Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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