ASA Properties Readies for Veramendi CRE Component

ASA Properties is moving forward with the second phase of its 2,400-acre Veramendi master-planned community in New Braunfels, TX. The next step, which could begin as early as late 2019, will consist of office space, a retail complex and a residential component. Additionally, ASA Properties’ Peter James told Community Impact that the company might be moving forward on a few storefronts within the next few months.

James said his company is in discussion with retailers, with the development focused on lifestyle retail. “It’s definitely going to lean more toward the independent boutique type of retail, rather than larger chains,” he told Community Impact.

The first phase of the development on Loop 337 is single-family housing, with prices starting in the mid-$200,000s. Future phases of Veramendi will include a new campus for Howard Payne University and a resort hotel.

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