Real estate development firm with almost 30 years of experience.
Details:
Metropolitan Development Company (MDC), through its subsidiary MDC Solms LLC, presents CLARA at Solms Landing, a new attainably priced, for-sale condominium development in New Braunfels, TX. This marks MDC’s first project in the city and forms part of a joint venture with the landowner of the 97-acre Solms Landing mixed-use development. The land, purchased and entitled over the past nine years, is now fully prepped for vertical construction and this project is one of the final components. Disclosure
New Braunfels:
Offers a unique blend of history and recreation, with its vibrant festivals, scenic river tubing, world-famous waterparks, and a welcoming atmosphere.
Location:
Conveniently located just 32 minutes from San Antonio International Airport and 54 minutes from Austin-Bergstrom, New Braunfels—once a favorite weekend escape for native Texans—is now emerging as a prime lifestyle destination. As the shift toward flexible work continues, this town is quickly becoming the Texas standard for modern work-life balance.
Why New Braunfels:
New Braunfels stands out as one of Texas's rapidly expanding and highly sought-after locations, renowned as a premier luxury ZIP code within the state. Key features of the area include:
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Economic Vitality: Emerging as a thriving automotive hub with robust employment opportunities.
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Tourism Allure: A prominent destination that draws regional visitors throughout the year.
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Income Growth: Demographic trends signal a rise in prosperity and a growing preference for contemporary housing choices.
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Market Dynamics: Existing condo developments in the vicinity have demonstrated robust absorption rates and notable price appreciation, highlighting a competitive and promising real estate landscape.
The Concept:
Comprising of 150 condominium units and retail space, this development is situated at the center of the vibrant new Solms Landing that will introduce retail outlets, green spaces, grocery stores, office and entertainment and within walking distance of our residents.
Solms Landing:
Solms Landing boasts an ideal location in close proximity to retail outlets, dining establishments, healthcare facilities, and various other amenities. The development is fully entitled and infrastructure-ready, offering on-site retail options, grocery stores, sports facilities, hospitality services, and more.
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Property benefits from Planned Development Zoning already in place.
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Impact fees for this site are grandfathered at a reduced rate of $8,900 per unit, a significant saving compared to the current market rate of $19,000.
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Essential infrastructure such as roads, utilities, detention facilities, and other off-site amenities are already in place, ensuring a seamless development process.
The Project:
Clara is a thoughtfully designed mid-rise residential building that completes the Solms Landing vision. It blends historic charm with modern amenities and offers:
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Maintenance-free, secure living with elevators and full-service management.
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Professional HOA by Worth Ross, known for successful condo operations.
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Focused, lifestyle-oriented amenities: on-site dining, co-working, and functional communal spaces.
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Efficient operations and low HOA fees.
The Units:
Unit sizes reverse engineered from ideal market selling prices:
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Condos priced from $249K–$624K.
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60% of units priced between $400K–$550K.
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Units range from 455 – 1,350 sf with layouts including:
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Studios
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1Bedroom
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1Bedroom + Den
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2Bedroom
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2Bedroom + Bonus
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3Bedroom
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Italian finishes from Finale
- Bosch Appliances
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Modern Ductless HVAC
Target Market:
Clara is designed for the "Missing Middle", providing an attainable path to ownership for underserved buyers:
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Empty Nesters from NB, Hill Country, SA, Dallas – who want to downsize but remain in high-quality homes.
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Young Professionals seeking stable equity growth near jobs and lifestyle.
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First-Time Buyers upgrading from luxury rentals into ownership.
The Deal:
This project is structured as a Joint Venture between MDC Hold Co LLC and the landowner. Key terms include:
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Landowner has contributed 6 acres (valued at $4M) to the JV.
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MDC Solms LLC will raise working capital to finalize architectural, engineering, permitting, and launch sales and marketing in 2026.
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Land cost to project: $16/sf, well-below market for entitled land with utilities and impact fees in place.
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No debt on land, giving the team flexibility to time the market and de-risk with pre-sales prior to construction financing.
The Team:
The Metropolitan Development Team brings together over a century of combined experience in real estate development, construction, finance, and strategic planning, with a focus on complex urban, multifamily, mixed-use, and industrial projects across major Texas markets and beyond.
About MDC:
Metropolitan Development Company is a vertically integrated real estate firm specializing in for-sale residential product in growth markets. The team has a track record of successful projects and is committed to long-term value creation for both residents and investors.
Investment Opportunity:
Metropolitan Development Company is raising Phase 1 limited partner funds up to $1 million in convertible notes with a $100,000 minimum investment. Investors can choose a 15% yield on notes or convert them into project equity with a 15% bonus. The Clara at Solms Landing presents a low-risk, high-growth opportunity utilizing fully contributed land and no land debt for investors. Detailed financial information, including project cost, revenues, capital breakdown, IRR, timeline, is available upon request. Interested parties can request documents, register, or contact the team for further details. Disclosure
The Extended Team:
