Veramendi Breaks Ground on $8.0 Million Regional Dam:
NEW BRAUNFELS – The 2,500-acre Veramendi development has broken ground on an $8 million regional dam that will add detention capacity for up to 250% of Veramendi’s land mass, by the end of next year. Officials commemorated the groundbreaking of the 800 foot long, 35-foot tall regional dam earlier this week.
Located a half-mile behind Oakwood Church, the regional dam will hold back 20 million cubic feet when fully activated during a storm event. As a pillar of the Development Agreement signed in 2013 by Veramendi Development Co. and the City of New Braunfels, this Regional Stormwater Facility is an innovative answer to storm detention.
“Veramendi truly is the example in the State of Texas in how we plan as a community,” former Mayor Barron Casteel said, referring to the dam as the “signature project” for Veramendi.
Mr. James, CEO of ASA Properties, gave a special thanks to the Word Borchers Family as their joint venture partner and additionally the City and its Staff, Former Mayor Pospisil, Former Mayor Casteel, and Mayor Brockman for their support throughout the entitlement, design, and construction process.
Continuing the Partnership theme of the day, current Mayor Rusty Brockman also praised the public-private partnerships that Veramendi has achieved.
“There’s a lot to be said about the working relationship that has been build over the years between the City, the New Braunfels Economic Development Corporation, the Chamber of Commerce, and ASA Properties,” Brockman said. “I look forward to seeing what’s going to happen with – not only the development – but also the community of New Braunfels for many years to come with this new structure.”
Austin Bridge and Road Inc. is the contractor for the project. Security State Bank & Trust is providing the construction financing.
About Veramendi
TRUE TEXAS HILL COUNTRY LIVING. Jump in and embrace Veramendi’s 2,500 acres of spectacular Texas Hill Country beauty along with countless possibilities — new homes by award-winning builders, NBISD’s top-rated school district, 500 acres of public parkland and striking open spaces, neighborhood amenities and outdoor fitness pods, and miles of hike and bike trails. Veramendi is the future site of a new Howard Payne University campus, Christus Santa Rosa Health Center, and a diverse and unique Town Center. Enjoy all this and more within steps of your front door.
