Che Capital Asset Management Secures Zoning Change for 62-Acre Mixed-Use Development in Seguin, TX
Seguin, Texas–(Newsfile Corp. – June 29, 2023) – Che Capital Asset Management, a Chicago-based real estate investment firm, has received approval to rezone 62 acres of farmland for the upcoming Creekside Gardens development—a retail, townhome, and apartment lifestyle community. This milestone caps a year-long process to work with the city stakeholders to change the zoning to one that would be of benefit to the city and its residents.
“My team and I came to Seguin over a year ago looking for a community on the verge of growth and we found so much more. Everyone we spoke to, heard from, and worked with really shaped the outcome of the rezoning process. We are excited to be a part of the community as we work together to address the growing housing needs of the city and region,” said Delphine Nguyen, Co-Founder and President of Che Capital.
Located in Seguin, Texas, the future location for Creekside Gardens sits at the corner of Highways 123 and 90. Located within a quarter mile of Interstate 10, it is ideal to support both residents and the tens of thousands of potential customers traveling between Houston and San Antonio every day.
Creekside Gardens will include about 150,000 square feet of retail, 400 units of multifamily, and 45 townhomes making this the largest development of its kind in this centrally-located city. For residents and visitors who prefer a more idyllic pace, the live-dine-shop-play community also has over 20 acres of dedicated green space, walking trails, picnic tables, and a 5-acre pond.
Now that zoning has been approved, Che Capital intends to work with both national and regional retail and restaurant firms to design a shopping, dining, and entertainment venue that will draw thousands of visitors from the greater San Antonio region. The quality of the apartments will rival any new builds in the US. The townhomes were specifically added to the development based on feedback during the zoning process that they were a desired component for the housing mix in town.
With a growing population base and employers moving to the area, providing enough quality and affordable housing is a challenge for any growing city. “Our research showed some apartment rents already exceeding $2/SFT, indicating a rental trend that is approaching that of the broader San Antonio metro region. Creekside Gardens will add to the upcoming available housing stock to provide more options for Seguin residents as the city continues on its growth trajectory,” said Angelique Che, Research Associate of Che Capital.
For more information, please visit http://checapitalgroup.com/.
Contact Person: Delphine Dung Nguyen
Email: invest@CheCapitalGroup.com
Website: http://checapitalgroup.com/
To view the source version of this press release, please visit http://www.newsfilecorp.com/release/171837
