Exciting Bankruptcy Sale for Prime Riverfront Development
Exciting Bankruptcy Sale for Prime Riverfront Development
Hilco Real Estate Sales has unveiled an incredible opportunity for developers looking to invest in prime riverfront real estate. A vast tract of 141.87± acres, known as The Bluffs on the Guadalupe, is set for auction by court order. This shovel-ready site offers limitless possibilities for both residential and mixed-use development.
A Thriving Canvas for Innovative Development
The upcoming bankruptcy sale is a unique chance for builders and investors to dive into a once-in-a-lifetime project. The property stands prominently at the southeast corner of FM 306. With almost 2,700 feet of road front, it enjoys remarkable visibility and easy accessibility. Surrounded by scenic landscapes, including dramatic bluffs and cypress-shaded trails, this site is fully equipped to accelerate its development process.
Strategically Positioned with Great Potential
The Bluffs presents a compelling case for immediate development given its advantageous location without zoning restrictions. Existing plans include 95 lots, which consist of 26 waterfront estate lots, 53 interior estate lots, and 16 hillside cabin lots. Additionally, there is a generous allocation of approximately 12 acres designated for commercial use, perfectly balancing residential and commercial needs.
Ready for Immediate Build-Out
Developers will find that this vast land parcel has significant groundwork already done. There's a model home erected along with a sales office, public utilities connected, and established asphalt roads. For potential buyers, all necessary Living Unit Equivalents (LUEs) have been paid, ensuring swift transfer to new owners, thus paving the way for immediate construction activities.
Enriching Community Amenities
The development will not only provide housing but also enhance community life. Residents and visitors alike will appreciate the planned 1.7-mile private riverfront walking trail that will encircle the estate, promoting healthy outdoor recreation. Additional amenities are integrated into the community's design to highlight the beauty of the natural surroundings.
A Gateway to Local Attractions
This desirable location places The Bluffs just minutes away from vibrant downtown areas and exceptional recreational spaces. The property is close to Canyon Lake, known for its popular boating and fishing activities, and the acclaimed Camp Fimfo RV resort. Additionally, the historic Gruene District, filled with charm and character, is a short drive away. This makes it a perfect location for both leisure and living.
Industry Insight and Expert Perspective
According to Terence Rochford, senior vice president at Hilco Real Estate Sales, "The Bluffs on the Guadalupe is simply unmatched in the market—a rare combination of riverfront property, shovel-ready infrastructure, and a prime location that sits at the intersection of growth and recreation." His colleague Stephen Madura emphasized the unique factors that make the property desirable, noting, "This property represents an extraordinary opportunity for developers to create a landmark community that will define the growth of the area for decades to come."
Bidding Details and Timeline
Interested bidders should note that qualifying bids are to be submitted by a specific deadline. All bids must be received on or before the stated deadline, ensuring compliance with the prescribed Purchase and Sale (PSA) document which is available for review directly from Hilco Real Estate Sales.
For those keen on participating in this exclusive bankruptcy sale project, it is essential to thoroughly review the requirements. Individuals can find more details on Hilco Real Estate's webpage, which provides guidance for potential bidders.
Contact Information for Interested Parties
For more information regarding the sale or specific inquiries, interested parties can reach out to Steve Madura at (847) 504-2478 or Michael Kneifel at (847) 201-2322. Potential superstars in the real estate development sector will find this to be a significant opportunity not to be overlooked.
Frequently Asked Questions
1. What is the size of The Bluffs on the Guadalupe?
The property spans approximately 141.87± acres.
2. What are the main features offered by the development plans?
The development includes waterfront estate lots, interior lots, hillside cabins, and commercial property.
3. Why is this property unique?
The property boasts shovel-ready infrastructure, a prime location, and is free of zoning restrictions.
4. What community amenities are included?
A planned 1.7-mile private riverfront walking trail and recreational spaces are among the key features.
5. How can potential bidders get involved?
Bidders must review the Purchase and Sale document available on Hilco Real Estate’s website and submit their bids by the specified deadline.
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