REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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GrayStreet proposes 20-story hotel and office tower next to the Pearl

Courtesy GrayStreet Partners

Courtesy GrayStreet Partners

Downtown developer GrayStreet Partners has proposed a 20-story hotel and office tower on Broadway that would exceed zoning regulations intended to protect the San Antonio River and would tower over nearby buildings at the Pearl. The 260-foot-tall tower at Broadway and Newell Avenue would be the tallest building along the booming lower Broadway corridor where developers are planning to construct several large-scale projects as the city rehabilitates the thoroughfare with $42 million from a city $850 million bond program that voters approved last year.

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CPS Energy to buy old Malibu site

Malibu Castle

Malibu Castle

CPS Energy agreed to purchase the Malibu Grand Prix & Castle site on the North Side for $6.8 million. The 14-acre property will be used to consolidate multiple CPS Energy worksites into one.

The board of trustees voted unanimously to approve the purchase of the property, which sits on the northern edge of the Interstate 10 and Loop 410 interchange.  …Read Entire Post

Registration open for 2018 Outlook for Texas Land Markets conference

The Real Estate Center’s 28th Annual Outlook for Texas Land Markets conference will be April 26-27. Registration is now open.

Experts will cover a variety of legal, economic, social, and natural resources issues influencing current land market dynamics. An optional TREC Legal Update 1 will be offered immediately following the conference.

The conference will be at the Omni Hotel at the Colonnade at 9821 Colonnade Blvd. Registration is $230 through March 26. With the optional legal update, the conference costs $250. After March 26, the price goes up by $20.

Click here for more information:28th Annual Outlook for Texas Land Markets (Real Estate Center, 2/26/18)

SAISD Sells Southtown Land to Pearl Developer

Courtesy Google Maps

Courtesy Google Maps

Broadway SA Investors GP, which developed the Pearl complex, will buy 4.74 acres south of downtown from the San Antonio Independent School District in a $14.5 million deal recently approved by the school board.

Silver Ventures plans to build small-scale residential properties on the parcel at the corner of Lavaca and Matagorda streets and a multi-use development at the eastern corner of East César E. Chávez Boulevard and South Alamo Street. …Read Entire Post

San Antonio/Houston-area in U.S. medical office sales

Westover Hills Medical Plaza II

Westover Hills Medical Plaza II

The Westover Hills Medical Plaza, located along the Hwy. 151 corridor, includes three medical offices, is among the properties within a 1.4 million-sf portfolio purchased by an affiliate of global real estate investment firm Heitman LLC.

The three medical offices make up just over 200,000 sf in the larger portfolio, which includes 17 buildings in seven states. …Read Entire Post

Singing Hills Bringing Much Needed Services to Bulverde Area

Singing-Hills_A1The Singing Hills mixed-use development experienced a busy 2017 filled with exciting new developments.  The results of 2017 activity will become more apparent in 2018 as new construction gets underway and new services are added to the growing Bulverde area.

Within the next few months, construction in the commercial portion of the Walmart-anchored project, which is located at US 281 & Hwy 46, will include a 288-unit Multi-Family project, The Pillar’s Christian Early Learning Center and a 60,000 square foot medical professional building.  …Read Entire Post

Plans for major Hemisfair development

Rendering of Hemisfair development

Rendering of Hemisfair development

Zachry Hospitality unveiled formal plans for its $200 million development called Hemisfair. The plans include a 200-room hotel spanning 14 floors, a 150,000-sf Class A office tower, and a market. All three projects have been designed as mixed-use developments that will incorporate public and retail space.   …Read Entire Post

San Antonio approves Echo East project

Echo-East-ProjectThe San Antonio City Council recently approved the sale of a vacant 10-acre tract at 301 Spriggsdale (near the corner of E. Commerce St.) to the George Gervin Youth Center for the development of a $63 million mixed-use project called Echo East.  The parcel is adjacent to 9.1 acres owned by the youth center.  …Read Entire Post

New La Cantera Retail District

Austin-La Cantera based CSW Development in partnership with USAA of San Antonio is developing La Cantera Heights, a 34-acre retail district, located on La Cantera Pkwy. and Fiesta Texas Dr. just off IH-10 West across from The Rim.

The development will be built in two phases with construction on phase one to start this summer. The first phase, consisting of 25 acres, will feature at least six buildings ranging from 3,000 to 24,000 sf.  Completion is expected early 2019. Future office development and retail expansion is also planned. …Read Entire Post

Nacogdoches Crossing Sold to a Private Investor

Nacogdoches Crossing (courtesy of CP Executive)

Nacogdoches Crossing
(courtesy of CP Executive)

Nacogdoches Crossing, a 22,434-sf neighborhood shopping center located on the northeastern outskirts of the San Antonio, was sold by Santikos Real Estate Services to a private investor.

Nacogdoches Crossing garnered significant interest due to future development potential and a Walmart-shadow-anchored retail center located at 6826 North Loop 1604 E. in the Northeast submarket. …Read Entire Post