Planned Sonterra Village retail center
After months of rumors, California-based grocery chain Trader Joe’s recently announced plans to open a second San Antonio location.
The specialty grocer signed a lease for about 12,500 square feet at Sonterra Village, a shopping center to be developed at 403 N. Loop 1604 W which is situated between Blanco Road and Stone Oak Parkway in the Far North sector. …Read Entire Post
New Braunfels Town Center at Creekside
Retail development in the greater San Antonio area has been extremely limited over the past several years. Construction activity is on the rise but, so far, mostly limited to expansion within existing centers.
One example is the New Braunfels Town Center at Creekside located on 600 acres at northeast corner of I-35 and FM 306 adjacent to the new Resolute Hospital & Wellness campus which is slated to come online mid-2014. …Read Entire Post
Former Albertsons, New Braunfels
Finding new uses for vacant big box retail stores can sometimes be challenging. The former Albertson’s grocery store (51,000 sf), located on 5.7 acres at the corner of Landa St. and Walnut Ave. in the neighboring City of New Braunfels, has been vacant since H-E-B purchased it in 2011 to control competition but plans are now underway for the City of New Braunfels to purchase the building and renovate it for use as the new City Hall. …Read Entire Post
Wonderland of the Americas
Burke’s Outlet recently opened its first San Antonio location at Wonderland of the Americas (formerly known as Crossroads Mall) situated at 4522 Fredericksburg Road near the intersection of Loop 410 and IH-10 in the Northwest sector. …Read Entire Post
U.S consumer confidence ebbed early this month and retail sales rose just slightly in August despite strong demand for automobiles and other big-ticket items, the latest indications economic growth slowed in the third quarter.
The lack of momentum in the economy was underscored by other data on Friday showing an energy-led increase in wholesale prices last month, but subdued underlying inflation pressures.
The Thomson Reuters/University of Michigan’s preliminary reading on the overall index of consumer sentiment fell to 76.8 in September, the lowest since April. Confidence fell amid concerns over high interest rates. …Read Entire Post
Austin Canoe and Kayak (ACK) recently announced plans to open a store location at One De Zavala Center – its fifth store in Texas. The new location will span roughly 5,000 square feet at 12770 Cimarron Path — just west of IH-10 and south of De Zavala Road in the Northwest sector. …Read Entire Post
Labor Day weekend traditionally marks the end of summer travel season, and many stores put on sales and promotions to lure customers to splurge on clothes, school supplies, toys, electronics and sundry other items one last time.
Labor Day might be the most underrated shopping holiday, according to a recent survey conducted by online coupon site RetailMeNot.com. …Read Entire Post
Source: NAI REOC San Antonio/Xceligent
Conditions in the San Antonio retail market improved slightly in the second quarter. Thanks to the continued backfilling of anchor space, the citywide vacancy rate tightened to 10.6% – a level not seen since 2006. Power Centers boast a citywide vacancy rate of 5.3% – the healthiest of all the product types while Community, Neighborhood and Strip centers struggle with double-digit vacancy rates. Still, over-the-year improvement was demonstrated across the board.
The development pipeline features several new Walmart stores and a high-end H-E-B grocery store in Stone Oak but speculative development remains at an historic low with only a few new and expansion projects currently under construction mostly in the Northwest sector. …Read Entire Post
6955 NW Loop 410
The former Toys ‘R Us/Babies ‘R Us store located at 6955 NW Loop 410 is set to find new life as an indoor go-kart racing facility. Irvine, California-based K1 Speed Inc. recently leased the darkened 43,400 square-foot big box to bring a new entertainment alternative to the city’s Northwest side. …Read Entire Post
According to a recent press release distributed by Lynn Blakeleyof Blakeley Commercial Real Estate, the City of Cibolo, a northeast satellite community within the San Antonio metro area, is in the process of approving an incentive plan with Walmart Stores, Inc. Although the discount retailer has yet to make a formal announcement, the agreement points to the anticipated opening of a new Walmart Supercenter.
…Read Entire Post