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

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New Reitmeyer retail center to target accelerating demand in NW San Antonio

The Shops at La Cantera and the Rim may be the biggest names in the Northwest San Antonio retail scene, but some of the smaller, newer retail centers will pack just as much of a punch.

Following last week’s news of two retail developments headed for the area surrounding the I-10 and Loop 1604 interchange, another will soon be joining the list. UTSA Babcock Retail at 7280 Utsa Blvd. will be roughly 20,000 square feet. And while it may be only a fraction of the Rim’s total footprint, the center’s position on the southwest edge of the University of Texas at San Antonio’s campus will give it a serious edge.

Justin Reitmeyer and his father Norman Reitmeyer are behind the project through their real estate development company, Productive Management Partners. Justin Reitmeyer said that with booming retail demand in the area, coupled with a growing student population, the center has already hit a successful stride. And construction hasn’t even started yet.

The new retail center will be 160 feet away from Grand Campus Living’s 192-unit, 590-bed Prado Student Living. With the university directly across the street and thousands of multifamily units in the surrounding area, it’s clear why retailers would want to have a presence in the region. Justin Reitmeyer said the center is already 60 percent leased, and while he couldn’t provide specifics on which tenants will occupy the spaces, he made it clear that the center’s focus will be on commercial retail and restaurants.

Justin Reitmeyer said he’s hoping to get construction started on the UTSA Babcock Retail center in the next week or so, and the work — estimated to cost more than $854,000 — will likely wrap up sometime in February 2016.

Click to read entire article: New Reitmeyer retail center to target accelerating demand in NW San Antonio (San Antonio Business Journal, 07-13-15)

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