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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Mixed-use destination on ‘gateway’ medical center site

The San Antonio Medical Foundation has completed the sale of seven acres of land it controlled to Fulcrum Development LLC.

Fulcrum officials confirm that the plan will be to anchor the new project with a multi-story office building and parking structure, along with a two-story retail component. …Read Entire Post

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Cricket building more brick-and-mortar

Retailers across the country are shuttering physical stores as consumers flock online to purchase goods, but most sellers of mobile devices are increasing their footprint in an effort to meet customers face-to-face.

Cricket Wireless LLC, a subsidiary of AT&T Inc., built eight new stores in the San Antonio market in the past 18 months. The prepaid wireless phone company has more than 100 stores in the region and 200 points of distribution. …Read Entire Post

Local partnership breaks ground on retail center

Valcor Commercial Real Estate and RFM Commercial took partnership to break ground last week on a 9,100-square-foot development. While that may not seem like much space for such a fast-growing area of San Antonio, there’s a reason the development is taking on a smaller scale — Valcor and RFM were considering their neighbors.

YMCA developed the land and is on an upcoming bond measure that would provide it with the funds to buy another 6 acres adjacent to its now-open facility to develop into sports fields. …Read Entire Post

Brooks City Base plans for 75-acre industrial park

Brooks City Base has brought on Industrial Group Southwest to develop, build and lease the first 350,000-sqaure-foot building, which will precede five others ranging from 40,000 to 600,000 square feet.

Once completed, the Brooks Business Park will span nearly 75 aces at the former South San Antonio military base. …Read Entire Post

Downtown property sales cement Frost Tower deal for Weston Urban

frost tower downtown

Rendering of the future Frost Tower.

At the end of 2016, Weston Urban became the official owner of the sites at 100 W Houston St., 110 W Houston St. and 109 Main St., all of which were properties previously owned by Frost Bank and stretch over about 4.65 acres around the Houston and North Flores Streets intersection. …Read Entire Post

R.L. Worth to build 65,000-sf building

wellmed-logoWellMed’s growth has pushed the company to expand more than three times over the past few years in R.L. Worth’s The Oaks at University Business Park, and now, the local developer is preparing to build a whole new building to give the company even more space to grow into.

R.L. Worth is doing site work at the business park in Northwest San Antonio for a 65,000-square-foot Oaks III to add to the current three-building property. …Read Entire Post

City targets to annex more than 1,200 acres

Along with developers and those working in real estate, the city of San Antonio is targeting high-growth areas as part of its plan to annex more than 1,220 acres of unincorporated territory.

Starting with the U.S. Highway 281 North commercial corridor the city’s Planning Commission on Wednesday is slated to discuss the annexation of 1,224 acres along the arterial highway beginning south of Marshall Road and Northwind Boulevard in Bexar County and continuing north along Highway 281 to about 1,800 feet shy of Ancestral Trail in Comal County.

The city of San Antonio is proceeding with plans to target the annexation of five high-growth areas, which have the potential to add millions of dollars to the city’s tax base. …Read Entire Post

High-end, destination retail development planned for Hwy 281

Taking advantage of improved access along the highway, Rinco of Texas, Campestres Resorts and Gomez Vazquez International Architects are finalizing plans for a 37-acre destination retail development just south of Blanco along Highway 281. The four-phase project is slated to break ground in spring 2017. …Read Entire Post

Breaking through the national chain gang: Local retailers pulled to SA’s high-growth suburbs

local-coffeeThe retail submarkets in San Antonio’s northwest quadrant may have a reputation for their national chain-heavy lineup of tenants.

Population growth, the strongest employment presence in the city and a steady increase in household incomes has made Northwest, far West and far Northwest San Antonio hot spots. Local Coffee has an expanding base of the business’s customers in the northwestern submarket spurred the specialty retailer to lock down two new locations. …Read Entire Post

USAA leases two entire NW San Antonio office buildings

USAAThere has been some concern about all of the new Class A office product being delivered throughout San Antonio, but with USAA‘s decision to expand its local footprint, two of those buildings are now fully leased.

The San Antonio-based financial services company has signed leases in Vista Corporate Center and Westridge Two at La Cantera, both in the city’s northwestern submarket. Combined, the spaces will encompass about 286,400 square feet — a hefty boost for the market’s occupancy rate. USAA spokesman Matt Hartwig confirmed the two leases and their respective sizes. …Read Entire Post