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mcheiss

Massive New Braunfels Project

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A planned 265-acre mixed-use development has been announced for New Braunfels. This project will be the largest of its kind in this city.

The name of the development is Creekside, which is planned for the northeast corner of Interstate 35 and FM 306, would include retail space, restaurants, a movie theater, hospital, medical office park, amphitheater, day spa, hotel and apartments. In all, the $200 million project would include about 1 million square feet of development, rivaling the San Marcos outlet malls in size. They hope to start turning dirt next year with stores open by November 2007.

The developers have proposed forming a tax increment financing district, which would divert the property tax created by the development to pay for road and drainage improvements needed at the site. The developers have also proposed extending FM 306 through their site. Local officials want to extend the road as part of an outer loop around New Braunfels.

This intersection (I-35 and FM 306) is already getting a H-E-B , with an attached shopping center and pad sites directly across the highway from Creekside.

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