SAN MARCOS, TX - Helu Capital is thrilled to announce the successful acquisition of a prominent development site located at Riverwalk Drive in San Marcos, Texas. This strategic move, spearheaded by the team at Helu Development, promotes Helu's commitment to always building better communities.
Situated at Riverwalk Drive, the development boasts 336 units across multiple three story buildings. The feature-rich complex includes a Clubhouse, Swimming Pool, Hot Tub, Playground, Pickleball court, Pet park, Pet wash, Outdoor Grill, Detached Garage Stalls, and built-in balconies. Offering eight unique layouts, including 1, 2, and 3-bedroom options, the property is designed to cater to diverse resident preferences.
Nestled between the thriving cities of Austin and San Antonio, and close to the Blanco river, this development emerges as an ideal investment in the heart of Texas. Positioned to capitalize on the region's significant population growth and flourishing rental market, the property aligns seamlessly with San Marcos's forward-looking vision. Notably, "the anticipated 74,000-square-foot Buc-ee’s along Interstate 35, approved by the City Council for economic incentives, adds further appeal.
The Texas-based development company plans to invest $50 million, creating 175 full-time positions with salaries averaging around $44,000 a year. Envisaged features include 120 gas pumps and 100-175 electric vehicle charging spots, aligning with the city's commitment to growth and sustainability" (Source: Lori Hawkins, Austin American-Statesman). Helu's San Marcos closing stands to benefit from the enhanced convenience and appeal brought by this positioned travel stop, creating a win-win for both residents and the local community.
Beyond providing housing, our vision for this acquisition is to foster a sense of community and well-being. Jay Minnick, CEO of Helu Capital, expressed, "We're stoked about this acquisition and the positive impact it will have on the San Marcos community."
Dedicated to implementing a value-add upgrade program, Helu Development aims to enhance resident experiences and position the property for future opportunities. As we embark on this exciting journey, Helu Residential is eager to engage with the San Marcos community and contribute to the happiness of future residents.