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.
Seguin, TX, June 30, 2023 -- 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 her 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.
Questions around this news
What is planned for the Creekside Gardens development in Seguin?
The proposed community is planned to combine retail, restaurants, entertainment, apartments, and townhomes. The release also describes more than 20 acres of green space, walking trails, picnic tables, and a pond. Che Capital says it plans to work with national and regional retailers and restaurant operators on the venue.
Where will Creekside Gardens be located?
The proposed site is at the corner of Highways 123 and 90 in Seguin, Texas, and is within a quarter mile of Interstate 10. The release presents its location between Houston and San Antonio as a way to serve local residents and travelers.
What does rezoning mean for a property development?
Rezoning is a change to the local land-use rules that apply to a property. It can alter which activities or types of buildings are allowed, or the conditions under which they may be developed. Approval changes what may be permitted under zoning rules; it does not, by itself, mean construction is complete.
What is a mixed-use development?
A mixed-use development brings together more than one kind of land use in a coordinated project. Common combinations include housing with shops, restaurants, offices, or recreational spaces. The aim is to provide several activities in one area, though the particular mix and layout vary from project to project.
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 https://checapitalgroup.com/.
Contact Info:
Name: Delphine Dung Nguyen
Email: Send Email
Organization: Che Capital Asset Management
Website: https://checapitalgroup.com/
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
At a glance
- Company
- Che Capital Asset Management
- Announcement
- Regulatory
- Location
- Seguin, Texas
Key figures
- Land to be rezoned
- 62 acres
- Planned retail space
- about 150,000 square feet
- Planned multifamily housing
- 400 units
- Planned townhomes
- 45 townhomes
- Dedicated green space
- over 20 acres
- Pond
- 5-acre
People
- Delphine NguyenCo-Founder and President of Che Capital
- Angelique CheResearch Associate of Che Capital
