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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The Pearl’s growth spills over into Tobin Hill

One of the biggest barriers to growth there is about to disappear. Flasher Equipment, a manufacturer of traffic signs that occupies nearly 5 acres of land across the river from the Pearl, is moving in a few weeks to a new facility on the West Side, said James Griffin, a lawyer with Brown & Ortiz who represents the company. …Read Entire Post

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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

Mixed-use development headed for former Tobin Hill gas station

Slated for a group of sites at the corner of East Elmira and North St. Mary’s Streets, Master Property Partners Ltd. is receiving bids for a 16,000-square-foot building that will be split evenly between bottom-floor retail and top-floor office space. …Read Entire Post

10-story tower planned for Pearl Brewery area

pearl_mixed-use

Rendering of new mixed use project to take place of Sarma building.

Pearl developer Silver Ventures has released renderings of a 10-story office and retail development that will link the Pearl with the Broadway corridor and bring a new level of density to the area.

The development will include a 10-story tower with 221,000 square feet of office space, and a six-story tower with 123,000 square feet of office space, according to documents submitted to the city Historic and Design Review Commission. …Read Entire Post

First mixed-use development in Boerne

villageherffDallas-based Carbon Thompson recently closed on 26.6 acres to develop a master-planned site with multifamily, office, entertainment and plenty of retail components.

It’s hard to imagine that a city posting the type of growth Boerne has over the past several is just now getting its first true mixed-use development, but that’s exactly what The Villages @ Herff will be.

Slated to break ground in early to mid-2017, the development is located at the intersection of Highway 46 and Herff Road on a site Carbon Thompson purchased through a joint venture with locally based investors. …Read Entire Post

Dallas developer snaps up 44 acres of Tobin Estate for mixed-use development

Large swaths of land inside Loop 410 are becoming increasingly difficult to come by, but thanks to the foresight of a local philanthropist, one North Texas real estate investor has landed a 44-acre win.

With plans for a mixed-use development, Dallas-based Rosewood Property Co. closed last week on property from the Tobin Endowment, the entity created after the death of San Antonio businessman Robert Tobin. The property is the last remaining piece of the Tobin Estate’s original 500 acres south of the Harry Wurzbach Road and Loop 410 intersection — the nucleus of surrounding commercial and residential growth. …Read Entire Post

Sterling Organization Acquires Park North Shopping Center in San Antonio for $81M

Sterling Organization, a private equity real estate investment firm headquartered in Palm Beach, Fla., has acquired Park North, a 635,382-square-foot retail

Park North

power center in San Antonio. The asset was purchased on behalf of the firm’s institutional value-add fund Sterling Value Add Partners II LP for $81 million. …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

Lone Star redevelopment plans focus on “striking a balance”

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Lonestar Brewery site rendering.

The 35-acre Lone Star Brewery south of downtown San Antonio has been brought back to life several times since it was built in 1886. And the site’s current development team is hoping that this time around it won’t just bring activity back to the long-dormant property — but will also be a catalyst for the entire Southtown market.

A development partnership between Chattanooga, Tennessee-based CBL & Associates Properties Inc. and San Marcos’ Aqualand Development has unveiled extensive rehabilitation plans for an initial 32 acres that includes everything from office and entertainment to multifamily, hotel, retail, restaurant and communal spaces. …Read Entire Post

HDRC Approves Plans for ‘Mercado Via’ on Houston Street

GrayStreet's next mixed use project.

GrayStreet’s next mixed use project.

The Historic and Design Review Commission (HDRC) unanimously approved plans Wednesday afternoon for several additions and modifications to the historic Grant and Kress buildings in downtown San Antonio. Local property owner and developer GrayStreet Partners will join the two buildings to create mixed-use office and retail space.

According to the application submitted to the HDRC, GrayStreet will add rooftop terraces, landscaping, and floor-to-ceiling windows on several walls of both buildings. Top-floor spaces currently used to house mechanical equipment will be converted into penthouses for lease. …Read Entire Post