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Hilco Real Estate announces bankruptcy sale, phase 1 completion of condominium development in Texas
Hilco Real Estate has completed phase one of a waterfront condominium development located minutes from the booming downtown of New Braunfels, Texas. At the same time, Hilco recently announced the bankruptcy sale of the property.
Set along the Guadalupe River, the property covers approximately 3.25 acres with 125 feet of exclusive riverfront access and features nine luxurious, resort-style units, all with river views. Plans are in place to construct an additional three buildings, housing 45 more units with modern, high-end amenities both in-unit and on-site. Prospective buyers can choose to pick up where current ownership left off, taking advantage of the significant value-add opportunity or pursue their own vision. Direct river access, in addition to being a significant draw for future residents, provides a potential supplementary income source through leasing to local river-related outfitters.
The city of New Braunfels sits along the I-35 corridor, conveniently loc