NEW BRAUNFELS – A $51 million multifamily apartment complex is nearly complete off Loop 337 at 1661 Independence Dr.
The Devereaux will consist of 240 units in one four-story apartment building. The building is insured by the U.S. Department of Housing and Urban Development, but its units will be rented at market rates without any subsidies or vouchers.
The complex will offer studio and one-, two-, and three-bedroom apartments, with rent starting at $1,275 per month.
Amenities include a resort-style swimming pool, fitness center, dog park, outdoor kitchen, and clubhouse.
The Devereaux will offer various parking options, including carports and garages, totaling 408 spaces.
The complex will be move-in ready by mid-March.