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

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Quarry Village ready to bite into new sandwich shop

PotbellyLogoPotbelly Sandwich Shop is bringing its sandwiches to yet another Greater San Antonio location, this time in Quarry Village at 290 E. Basse Road.The company’s newest location, formerly the home of Tacoart, will open Oct. 1 and offer dine-in and delivery service. The space began renovations in July. …Read Entire Post


Kiolbassa expands footprint

kiolbassa_logoSan Antonio-based smoked meats maker Kiolbassa Provision Co. has expanded its footprint and production on the city’s West Side. Over the past two months, Kiolbassa Provision set up shop at 1545 S. San Marcos St. following a lease-purchase agreement with Surlean Meat Co. …Read Entire Post

Rackspace Acquired by Apollo, Staying in San Antonio

rackspace logo

Rackspace remaining in San Antonio after acquisition.

San Antonio-based Rackspace is being acquired for $4.3 billion, or $32 a share, by Apollo Global Management and affiliate investors and being taken private in a deal that will keep the company and its management team in San Antonio, according to a joint announcement made Friday morning.

The deal is expected to close in the fourth quarter this year. Rackspace’s board of directors has unanimously approved the deal and have recommended that shareholders vote in favor of the transaction. Once the deal closes, Rackspace Co-Founder and Chairman Graham Weston and other directors will step down as the board is dissolved. Apollo and its affiliate investors, including Searchlight Capital Partners, will appoint a new board of directors which could include Weston or others currently associated with Rackspace. …Read Entire Post

‘Creative Office’ Space, Restaurant Coming to Southtown

Vision for new re-purposing project in the SoFlo area.

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

City considers permanently closing roads for Pearl development

Developers proposing to permanently close roads in Pearl area.

Developers proposing to permanently close roads in Pearl area.

Pearl developer Silver Ventures is asking the city to permanently close two streets on the Museum Reach across from Hotel Emma to make way for a new development. City Council will vote in August on whether to close Schiller Street and part of East Quincy Street and sell the land to Broadway SA Investors GP, a landholder for Silver Ventures, which developed the Pearl complex. …Read Entire Post

San Antonio to purchase piece of Steubing Ranch for green space

Plans for Steubing Ranch green area.

Plans for Steubing Ranch green area.

The City of San Antonio plans to purchase more than 200 acres of land on the North Side.

In the proposed agreement, the Classen-Steubing family agreed to sell 204 acres of their ranch to the city. The property is located off U.S. 281 and Loop 1604 in Stone Oak.

If the city approves the agreement, the property will be used as green space and the rest will be used for sports fields and hike-and-bike trails.

Click here to read the full article: San Antonio to purchase piece of Steubing Ranch for green space 6-7-2016

Despite Setback, Lone Star Rail Moves Forward

Proposed LSRD regional rail line.

Proposed LSRD regional rail line.

The decision by Union Pacific to end its working relationship with Lone Star Rail District (LSRD) in February, was a blow in efforts to develop a passenger rail line between San Antonio and Austin.

Many board members said Union Pacific’s choice to stop working with Lone Star Rail was disappointing, but that they hoped the company would return. The completion of the impact study is crucial to the project, because it would enable future funding, including federal money. The district expects to finish the environmental impact process by 2018.

…Read Entire Post

Forest Park hospital in San Antonio sells for $58M at foreclosure auction


Forest Park Medical Center

The shuttered Forest Park Medical Center San Antonio was sold at auction Tuesday for $58.2 million to an entity affiliated with its main lender, Texas Capital Bank.

A limited liability company called TCB/Marina Del Sol LLC was the lone bidder for the 54-bed, 150,000-square-foot specialty hospital building. The auction was held on the grounds of the Bexar County Courthouse.

The lenders foreclosed on the property at 5510 Presidio Parkway on San Antonio’s northwest …Read Entire Post

Proposed downtown garage speeds through approval process, cementing developers’ commitment to downtown SA

Downtown San Antonio

Downtown San Antonio

Parking has long been downtown San Antonio’s Achilles heel, but conceptual plans for a garage higher than most of the offices in the area flew through the Historic Design and Review Commission meeting yesterday, indicating the city’s eagerness to put the issue to bed.

Through a partnership with two of the biggest names in the local development community, Hixon Properties and Silver Ventures, the 10-story garage slated for the southwest quadrant of East Commerce Street and Navarro Street would …Read Entire Post

Weston Urban, KDC select Pelli Clarke Pelli to lead design for the Frost Tower

plans and maps on the tableInternationally renowned architecture firm Pelli Clarke Pelli has been selected by Weston Urban and KDC to lead design for the first downtown office development in three decades.

The Frost Tower, slated to begin construction in fall 2016, will be approximately 400,000 square feet and designed with input from locally based Alamo Architects. Based out of New Haven, Connecticut, Pelli Clarke Pelli has …Read Entire Post