Lonestar Brewery site rendering.
The 35-acre Lone Star Brewery south of downtown San Antonio has been brought back to life several times since it was built in 1886. And the site’s current development team is hoping that this time around it won’t just bring activity back to the long-dormant property — but will also be a catalyst for the entire Southtown market.
A development partnership between Chattanooga, Tennessee-based CBL & Associates Properties Inc. and San Marcos’ Aqualand Development has unveiled extensive rehabilitation plans for an initial 32 acres that includes everything from office and entertainment to multifamily, hotel, retail, restaurant and communal spaces. …Read Entire Post
Padgett Stratemann & Co.’s signs lease for 36,000 sqft of Class A office space in Ridgewood Plaza.
Padgett Stratemann & Co.’s San Antonio operations have been housed in two floors of the One International Centre property for the past 15 years, but after recently being acquired by RSM US LLP, the local office felt it was time for a clean slate.
The firm has signed a 36,000-square-foot lease at R.L. Worth & Associates’ brand-new Ridgewood Plaza, with plans to leave its space at 100 N.E. Loop 410 behind come May 2017. It will occupy the entire fourth floor of the 147,000-square-foot, Class A building, which is located in the northeast quadrant of the Loop 1604 and Highway 281 intersection at 19026 Ridgewood Pkwy. …Read Entire Post
Few knew San Antonio-based USAA Real Estate Co. was the ownership behind the 1.26 million-square-foot fulfillment center leased to Amazon.com Inc., and it has stayed under the radar throughout the facility’s quiet sale to an industrial investor out of Manhattan Beach, California.
Circle Industrial, a newcomer to the San Antonio market, has acquired the single-tenant property at 6000 Schertz Parkway in Schertz, Texas, which USAA Realco developed for the internet giant several years ago. The value of the sale was not disclosed. …Read Entire Post
Portion of site plans for Lone Star Brewery development.
San Antonio’s Southtown area has experienced impressive growth over the past few years, plans to redevelop the 32-acre Lone Star site, it’s about to hit overdrive.
Aiming for a summer 2017 groundbreaking, developers have finalized the schematic design for the mixed-use development, which has the potential of carrying a $300 million price tag. …Read Entire Post
Texas A&M University-San Antonio, on the hunt for more space as it transitions to a four-year program, could soon have a presence downtown if a deal with Bexar County comes to fruition.
The university is on the August 9 agenda for the Bexar County Commissioners Court to request an agreement with the county to occupy nearly 10,000 square feet in the former Federal Reserve Building at 126 E. Nueva St. …Read Entire Post
Snooze opening it’s third Texas location in the Quarry Market.
Lines can wrap around a block for Sunday-morning brunch, but there is no need to wait around for Snooze’s all-day everyday concept, which the Denver-based restaurant chain is planning to bring to San Antonio.
Snooze an A.M. Eatery has signed a 4,700-square-foot lease for space in the Alamo Quarry Market, the power center at 255 E. Basse Road in Central San Antonio.Snooze will open its third Texas location in San Antonio. …Read Entire Post
Vision for new re-purposing project in the SoFlo area.
Two small, 1940s era warehouses on the corner of South Alamo and South Flores streets will soon be transformed into “creative” office space and a restaurant/bar, but there won’t be any music on the patio.
City Council unanimously approved a rezoning request on Thursday that will allow local developer David Adelman of AREA Real Estate to move forward with partial demolition and renovation of the structures at 1302 S. Flores St. and 1811 S. Alamo St., respectively. …Read Entire Post
USAA to start expansion work on the downtown location, and adding jobs.
Come first quarter 2017, USAA will be adding an additional 100 employees to its current footprint in its One Riverwalk Place tower in downtown San Antonio, signaling a hefty investment in both the company-owned property as well as the city’s central business district.
Finish-out work on the 19th floor of the building at 700 N St. Mary’s St. will begin later this year, and according to information pulled from a construction permit filed with the city of San Antonio and a filing submitted to the Texas Department of Licensing and Registration, the job is expected to run an estimated $3.55 million. …Read Entire Post
Another tech business takes residency in the downtown tech district.
Legal Holdings LLC, doing business as Easy Expunctions, is a software-fueled services company that aims to sweep clean and expunge records at a price that undercuts typical law office fees. Yousef Kassim, a lawyer who graduated from St Mary’s law and Trinity University, founded Easy Expunctions, a software technology service company that uses an algorithm to search for and help expunge criminal records.
The startup, founded in Austin in 2015, recently moved its headquarters to San Antonio and set up shop in the Vogue building downtown. Its founder, Yousef Kassim, is a lawyer who attended St Mary’s School of Law after graduating from Trinity University. Kassim was licensed to practice law in 2014, records show. …Read Entire Post
Rendering of Christus Santa Rosa’s new Children’s Hospital.
There is an aligning of stars in San Antonio, as multiple organizations are collectively spending hundreds of millions of dollars on new medical facilities for the region’s youngest patients.
The Children’s Hospital of San Antonio Health Pavilion-Stone Oak will cost $13 million to $14 million to develop and will be owned by Seavest Healthcare Properties LLC. The new building will span 60,000 square feet and provide a home for a variety of pediatric services and family practice groups, as well as office space for Baylor College of Medicine physicians. …Read Entire Post