Jones Lang LaSalle (“JLL”) is thrilled to offer the exclusive opportunity to purchase 261 Alves Lane, an approximately 15.91-acre multifamily, single-family, or single-family for rent development site (the “Property” or “Site”) located inside of the rapidly growing Austin-San Antonio Corridor along Interstate 35 (IH-35) in New Braunfels, Texas. Positioned just a mile and a half from IH-35 and around 8 minutes from downtown New Braunfels, the Site is located on the quickly growing northeast side of New Braunfels, within a city experiencing exuberant growth. All entitlements and zoning are in place for a multifamily development, in addition to LOC’s from the utility companies and city of New Braunfels for 325 MF units, this site has also recently obtained a TIA study and a drainage study. 261 Alves is a site that is grandfathered under the old impact fees for New Braunfels, which just recently increased meaningfully, the site also has the plat already recorded. All these items further shorten the development process for the future buyer. The Site does not need to be annexed into the city which will afford the buyer a substantial amount of tax savings when compared to other sites within city limits. 261 Alves is also in proximity to the area’s premier retail and entertainment options including New Braunfels Town Center at Creekside, Gruene Hall, and the San Marcos Premium Outlets.