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

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10-story tower planned for Pearl Brewery area

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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

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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

Councilman expects big return from urban reinvestment

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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

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