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Kim_Gatley
Kim Gatley
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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.

The master planned community district would also include a street that would provide a connection between the highly-congested West Hausman Road and UTSA Boulevard, said local attorney Rob Killen who is representing the development group.

There has been a lot of interest in this property because of a lengthy bankruptcy case involving the previous owners. Luckily for the City, it was sold to a single owner – the developers paid $20.3 million for the land at auction – rather than parceled out, he added. It’s a rare opportunity to show other property owners in regional centers the benefits of planning out uses for multiple tracks of land as part of a broader pattern and the City’s comprehensive plan.

Click here to read the full article: Developer to ‘Redefine Suburb’ with Major Mixed-Use Project Near UTSA San Antonio Business Journal (7-12-2016)

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