NEW BRAUNFELS, TX – Imprint property group (IPG), a leading boutique developer and operator of active adult communities, today announced that it has laid the groundwork for its third active adult recreational community in Texas.
Delphinium on creekside, A spacious community of 184 units, amenities and activities is being established in the San Antonio suburb of New Braunfels means the first in a series of Projects in a joint venture partnership with Batson Cook development Companies (BCDC), a subsidiary of Kajima Corporation, one of the oldest and largest developers in Japan.
"We are excited to launch Larkspur in Creekside, our third generation Larkspur 55+ brand community with Batson-Cook Development Company," said Noah Drever, founder and CEO of IPG in Tiburon, California. "Our vertically integrated partnership is well positioned to expand our immediate development pipeline and continue to grow Larkspur as the leading national boutique brand for adults 55 and over, a complete departure from the senior living sector as we know it today."
The 9 hectare community will be an important anchor of the planned master New city center of Braunfels, A 400 acre parish is 32 miles northeast of San Antonio and 48 miles southwest of Austin. Larkspur at Creekside is adjacent to 1.81 acres of green space, adjacent to the $ 150 million Resolute Health Hospital and Wellness Center campus, and has direct access to over a million square feet of Class A retail.
Larkspur at Creekside will feature 32 private two bedroom cottages and 152 apartments in the main building. “Developed for people aged 55 and over who are looking for a carefree lifestyle in a place where everything matters, it is a highly flexible, convenience-rich community that can easily be mistaken for a five-star hotel with innovative programs for the Engaging residents who focus exclusively on research-based wellbeing, health and enriching social experiences, ”explains Drever.
In line with IPG's "Delphinium" strategy, the property will feature Class A surfaces and 15,000 square feet of equipment, including a large room, an exhibition kitchen for weekly Food Network-inspired events, oversized 7-foot wide corridors and three Elevators, banks, individual fitness center, group fitness center, arts and crafts room, pub, game room, cinema, salon, air-conditioned corridors, lap pool with water aerobics, whirlpool, pickleball court and bocce court.
The average size of the unit is 1,000 square feet. Each unit features a fully equipped kitchen, quartz countertops, glass walk-in showers, an oversized oval tub, LED decor lighting, designer furniture, vinyl plank floors, noise-dampening walls to prevent noise transmission, and a private balcony with a view.
“It is only 10 miles north of Delphinium Kissing Tree, Brookfield Residentials Luxury, high-end, for sale 55+ housing estate consisting of 3,200 apartments. We want to offer our residents the same lifestyle, rich in amenities, but at an affordable rental price for those who no longer want to take on the burden and responsibility of home ownership, property taxes, mortgages, maintenance, landscaping, etc., ”he says Drever.
IPG currently owns and operates two other delphinium communities in Allen, TX and Pearland, TX, which the company also developed from the ground up. With an in-house property management team, IPG prides itself on its expertise in the niche asset class of active adult rental communities.
“We're always looking for the next progressive resident activity to add to our proven program. Our goal is simply to offer the most exciting and enriching lifestyle at an affordable price, ”adds Drever.
Delphinium communities offer rents that are a percentage discount on traditional independent living. “Our residents are asked to choose between continuing home ownership and independent living with full service. Delphinium 55+ is the economical option among these realistic choices and also allows you to take advantage of our extensive programs, amenities and activities. "
Delphinium in Creekside is expected to open its doors in the summer of 2022. IPG is already in pre-development of its fourth Texas Larkspur community in Round Rock, TX with plans to expand the delphinium communities to New Mexico, Arizona, Nevada, and Georgia.
"At Batson-Cook Development Company, we are pleased to have the opportunity to work with Imprint Property Group on a special project development in New Braunfels," said Litt Glover, President and CEO of BCDC. “The delphinium projects created by IPG are leading 55+ active adult communities and the location for this new offering is perfect for the product. We were extremely impressed by the professionalism and talent of our new partners and look forward to a long programmatic relationship with the IPG team. "
Amegy Bank and Fast Preferred Equity are jointly financing with IPG and BCDC. Dallas-based HEDK Architects is the architect and College Station, TX's Godfrey Construction Company is the general contractor.