Houston developers plan $42M New Braunfels housing project – mySA

The development will cost $42.7 million to build, according to the filing. Construction is expected to take almost two years to complete. The expected start date is listed as October 1 with an estimated completion date of August 31, 2024.

The 341,140-square-foot project will have 183 single-family homes for rent, with a clubhouse and a pool building. The development will be located at 816 Barbarosa, New Braunfels, TX 78130.

Kaplan Management Company has multiple developments in Texas, Florida, New Mexico, Georgia, Arizona, and North Carolina. The company was founded in 1978 and has developed, managed, and acquired roughly 35,000 units, according to the Kaplan Management Company website. 

The management company has four additional upcoming projects along with the New Braunfels location. One in Sugar Land, outside of Houston, and the other three in Gilbert, Chandler, and Scottsdale, Arizona, respectively. 

MySA reached out to Kaplan Management Company for more information on the New Braunfels development.

This project comes as an Arizona-based company, Alliance Residential, will begin construction on an apartment complex in New Braunfels. Prose Lonesome Quail will add 14 three-story buildings with 378-units, with construction to be begin on October 3, according to a MySA report.

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