REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

Got a Commercial Real Estate Need or Question?


Ask One of Our Trusted Advisors

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

FacebookTwitterGoogle+Share

Councilman expects big return from urban reinvestment

crocket ventures renduring

Crockett Urban Ventures plans for redevelopment on the river walk.

The San Antonio City Council’s decision to offer Crockett Urban Ventures up to $7.4 million in incentives for the redevelopment of two downtown buildings is expected to fetch San Antonio more than $105 million in economic impact.

Crockett Urban Ventures plans to transform a pair of River Walk sites — the Fish Market and Witte buildings — into a mixed-used development that will include a nearly 200-room hotel, residential units and retail space. The firm also plans to make improvements to the infrastructure around the under-utilized real estate. …Read Entire Post

Developer to ‘Redefine Suburb’ with Major Mixed-Use Project Near UTSA

Development plan for 114 acre UTSA Blvd site.

Development plan for 114 acre UTSA Blvd site.

The plan amendment approved on Wednesday will turn the acreage from “suburban tier” to  “urban core tier,” allowing for up to 995 multifamily housing units, 320,000 sq. ft. of Class A office space, and 120,000 sq. ft. of retail to be developed. Plans also include about 24 acres of open space. Exact amounts and final plans are yet to be determined, developer representatives told commissioners on Wednesday. …Read Entire Post

Pearl-like Development Planned for Eastside

Eastside developmentCity Council approved zoning changes that will allow local developer Efraim Varga and investment partners to construct a multi-block, mixed-use complex in the Eastside’s Denver Heights. A $43.5 million improvements package was approved in January 2015 that is slated to improve connectivity to the Henry B. Gonzalez Convention Center expansion and Hemisfair Park.

The neighborhood, plagued with crime and vagrancy, stands to undergo a revitalization similar to that which the Pearl brought to the crumbling brewery complex just north of downtown. …Read Entire Post

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

Pearsall Park and the Ascent of the Southside

The $7.5 million makeover of Southside’s Pearsall Park will be unveiled in a couple of months. The district was awarded $8.5 million for park improvements in the 2012 bond.Pearsall Park

The 526-acre park will be the one of the city’s largest, and the only park in the city with a 5K, 10K, and single loop half-marathon course.

To augment the 231 acres of former landfill, the city purchased 268 acres from the Cox family for roughly $1 million. The park also includes 26 acres of the Leon Creek Greenway, according to the department of Transportation and Capital Improvements.

…Read Entire Post

San Pedro Creek set for redevelopment

Plans are underway to transform San Pedro Creek into a linear park from the waterway’s tunnel inlet behind Fox Tech High School to the confluence with Alazan Creek.

The goal of the $175-million project is to preserve the creek’s cultural ecology as well as its role in downtown flood control but the hope is that it will also spark new development on the West Side.

Upon its full build-out in …Read Entire Post

Major rail hub planned south of San Antonio

Courtesy San Antonio Express-News

The Eagle Ford Shale oil-and-gas play has created a seismic shift in economic activity that is reshaping a large and mostly under-developed multi-county region south of San Antonio.  Economic experts consider San Antonio the epicenter of that activity, as do developers and companies looking to tap into the boom.

The latest such example is Mission Rail Park, a $12 million development planned near Loop 1604 on a 1,010-plus acre site that straddles the county lines of Wilson and Bexar in southeast of San Antonio. …Read Entire Post

Port San Antonio to add track at East Kelly Railport

The Eagle Ford Shale continues to bring business expansion in San Antonio.  Port San Antonio’s East Kelly Railport will add 15,000 feet of additional track to the existing 20,000 feet — more than twice what had first been planned — through an agreement with Watco Cos.  The new track will allow the railport to handle 22,500 railcars a year compared with the 4,556 handled in fiscal 2011. …Read Entire Post

Public-private partnership to bring new I-10 access road & mixed-use development to Seguin

 

IH-10 between FM 464 & Hwy 46, Seguin, TX

NewQuest Properties, the City of Seguin and the Seguin Economic Development Corp. have formed a new partnership to develop 545 acres of property.  NewQuest, a Houston-based developer, will build a new access road along Interstate 10 between State Highway 46 and FM 464 that will create new development opportunities in the city. NewQuest owns the land and the company plans to market 120 acres of property for retail, and the rest of the land for multifamily, office and light industrial tenants.  The name of the development will be the Seguin Commerce Center.

Click to read NewQuest investing in new infrastructure for Seguin development (San Antonio Business Journal, 6-29-12); for more information read the City of Seguin press release (6-15-12).