12
october 2013
Crossvine continues from pg. 01
City hopes project will serve as template for future communities by Robert Bowen
S
CHERTZ – Officials in this booming city, where for the first time last month sales topped those of Guadalupe County, hope The Crossvine, a $500 million master-planned development, will spark the same type of economic blaze along Interstate 10 now being experienced on Schertz’s prosperous Interstate 35 strip.
“I-10 is the city’s other major artery and serves the southern part of our community,” said David Gwin, executive director of the Schertz Economic Development Corp. “We’re excited about the potential that the southern part of the city is about to undergo. We think this opportunity
Bulldozers are clearing residential home sites that will be part of The Crossvine, a $500 million masterplanned development in Schertz. Photo by Joshua Michael
means a lot for our community – and we’re looking forward to making it happen.” Site work on The Crossvine has just gotten under way. Workers and machinery are busy on the more than 500-acre plot of previously undeveloped land near FM 1518 and Lower Seguin Road, carving out landscape for streets, utilities and greenbelts to serve the city’s first master-planned development. “Everything’s going fine,” said Chris Price, president of Schertz FM 1518 LTD, the firm developing The Crossvine.
“We’re real high on the I-10 corridor of south Schertz and I think we’re going to be setting a standard for that area.” One of the keys to a successful master-planned community, Price said, is having numerous uses. “We’re going to have multiple residential types,” he said. “We’ll have over 12 miles of trails, pocket parks, community centers. We’ll have a retail component that will be more neighborhood-oriented than a regional destination. Hopefully, we’ll have some assisted care/independent living, some medical uses and that type of thing.” As far as residential, The Crossvine, just a mile from I-10 and near the SchertzCibolo-Universal City Independent School District’s Corbett Junior High School, will feature single-family homes, town houses and multi-family development. It will be constructed in several stages over eight years. The first phase will include 121 single-family homes by builders David Weekley and Ryland Homes, constructed on lots of various sizes. “We’ll have those lots ready for Weekley and Ryland in December or January. They should be able to deliver their homes in the first quarter of next year,” Price said. “They’re
anticipating sales prices on those homes will range from about $250,000 to the mid-$400s.” The Crossvine actually started in 2006 as Sedona Trails, but after 170 lots were developed the project was stalled by the economic downturn. Schertz 1518 LTD purchased the property over a year ago and began working with the city to redesign the neighborhood’s plan. Gwin said the Crossvine became the beneficiary of a city-created Tax Increment Reinvestment Zone. Texas communities often create TIRZs to fund public infrastructure improvements Gwin said. Under a TIRZ – the same type of economicdevelopment tool used for the flourishing Town Center at Creekside, which has become the fastest-growing area of New Braunfels – The Crossvine’s developers will pay for needed infrastructure improvements on their own, but be reimbursed as TIRZ generates monies, which will be held in a special TIRZ-repayment fund. “The TIRZ has to perform in order for them to receive any kind of reimbursement,” Gwin said.
Crossvine continues on pg. 14
your comfort is our Priority
priority Design & Service prides themselves on honest answers and reliable service. No gimmicks, Just results.
Let us help you today with an inspection of your heating system. Mention this ad and receive our
comPreHensive AnAlysis for just
89
$
.00
(reg. $112.00) No, it’s not $39.00 but it will be detailed and thorough. You deserve that much.
Texas Regional Alpha Krav Maga Training Facility We are a Blended System of Alpha Krav Maga, Muay Thai Kickboxing, Jujitsu & MMA
Mention this add and start a residential service agreement for
30% off regular price. That’s $132.00!
AlSo oFFeRing:
Ketsugo Ryu Jujitsu, BJJ, MMA & Malaya Eskrima!
Call for Details today!
Call Now!
Priority Design & service
210-566-0020
210-492-4426
Check out our website for more info and great offers!
17170 Jordan, Suite #202, Selma, Texas 78154
www.PriorityDesign-HvAc.com | www.facebook.com/PriorityDesign
www.ucpatriotmartialarts.com