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

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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

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Lone Star Brewery developers fine-tune site plan and tap Peloton for office listing

Lone Star Brewery Development plans

Lone Star Brewery Development plans

Now that the Lone Star site’s owners have brought on a development partner, plans to create the mixed-use hub the city has been waiting for are falling into place so quickly, the team has even brought on Peloton Commercial Real Estate to start building up interest for future office space at the former Southtown brewery.

Lone Star Brewery’s master plan is expected to include roughly 116,000 square feet of office space, surrounded by a mix of retail, restaurant, hotel, entertainment and multifamily. …Read Entire Post

Colliers on the Hunt for $47M on Behalf of Texas Multifamily Developer

Proposed Villita Tower in downtown San Antonio

Proposed Villita Tower in downtown San Antonio

JMJ Development is sourcing $47 million in debt and equity for the construction of Villita Tower at 120 Villita St.

The 30-story, 201-unit, market-rate multifamily residential development is soon planned for this supply-constrained metro. Villita Tower capitalizes on the tight rental market of San Antonio.

Additionally, there will be 12,000 sf of commercial space, which will house three restaurants and a coffee shop.  …Read Entire Post

AREA Real Estate chosen for Hemisfair’s first multifamily development

HemisfairAREA Real Estate has been chosen to develop Hemisfair’s first multifamily complex, solidifying the local firm’s standing at the forefront of San Antonio’s urban revitalization.

The park’s first public-private partnership is slated for the 1.1 acres in the southwest quadrant of the 37-acre district near the recently opened Yanaguana Park. The mixed-income complex will include 163-units and a 418-space parking garage that will lease 238 spaces back to Hemisfair for public use. …Read Entire Post

MPF: San Antonio multifamily trends 4Q 2014

Like other major metros in Texas, San Antonio’s apartment sector showed strong growth coming out of the recession. But unlike those other metros, San Antonio already appears to be reverting back to a slow growth pattern that is more consistent with its own historical performances.Apartment_icon1

The reason: the metro just doesn’t have the housing demand drivers that the more nimble economies of Austin, Dallas and Houston do.

…Read Entire Post

San Antonio CRE Market Update 2014

CCIM2014_CREupdate_CoverOnce again, this year’s CCIM Symposium offered a great opportunity for networking, deal-making, education, fun and prizes.

Click to download Kim Gatley’s San Antonio CRE Market Update 2014.

Walmart to anchor Bulverde development

Work has commenced on a 250-acre mixed-use development in Bulverde that will bring more retail and housing options to the Hill Country town.

Located at U.S. 281 North and Texas 46, Singing Hills will incorporate about 70 acres of commercial space, roughly 160 apartment units and 350 single-family homes.

As an anchor tenant, Walmart is expected to open a 180,000-square-foot store at the site. Construction is slated to begin in August, and the store could be open by …Read Entire Post

Is multifamily’s meteoric growth built to last?

Everything seems to be going right for the apartment industry. Demand is growing. New supply remains constrained. Rents are rising a little faster than overall inflation. Occupancy rates have rebounded to normal levels in most markets. Real estate investors still find apartments an attractive asset class and financing is mostly available. For the next few years, most analysts foresee rising rents, higher net operating income, modest price gains, available capital and an active transactions market. Is it all too good to be true?

Click to read entire article: Is Multifamily’s Meteoric Growth Built to Last? (National Real Estate Investor, 12-19-12)

Birdsong Peanut Plant slated to become apartments

Former Birdsong Peanut Plant

Locally-based 210 Developers plans to refurbish the former Birdsong peanut processing plant located at 1025 S. Frio St. into an apartment building.  The existing 19,000 square-foot structure was built in the early 1900’s and is located five blocks south of the UTSA Downtown Campus.  The project, to be known as the Birdsong Peanut Factory Lofts, will deliver 98 new units — half of which could be student housing.

Click to read article: Peanut plant near campus to become lofts (San Antonio Express-News, 12-11-12)

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).