GrayStreet Partners, a local developer, purchases San Antonio’s former Lone Star Brewery for $14.45 million.
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GrayStreet Partners, a local developer, purchases San Antonio’s former Lone Star Brewery for $14.45 million.
 Courtyard at Encore SoFlo Encore SoFlo, a new 339-unit apartment complex development in the Central Business District near Southtown, was recently completed by Dallas based, Encore Enterprises Inc. Surrounded by several other projects in the area, Encore SoFlo is creating a demand for retail and restaurants. …Read Entire Post
According to the American Institute of Architects, 2020 started the year on a strong note as architecture firm billings strengthened slightly in January.
In hopes to create more affordable housing, the San Antonio Housing Trust offered $30 million in tax breaks without realizing rents are too high for majority of low-income residents.  The Japanese automobile components and technology company, Aisin AW, has confirmed plans on a $400 million project. This comes at the heels of Toyota Motor Corp. announcement for its $391 million investment in its current San Antonio truck manufacturing plant. …read entire post New University Health Tower San Antonio’s University Health System is proceeding with plans to build a 12-story tower at its main campus, located in the South Texas Medical Center. Upon the late 2022 completion of the $500-million expansion, the new tower will hold the healthcare system’s inpatient women’s and children’s medical services and will offer two emergency departments for OB/GYN patients and children. …Read Entire Post  Hines, the international real estate firm, recently announced that it will develop Corner Ridge Crossing, a master-planned, four-building, 576,800-square-foot light industrial business park in northeast San Antonio. The 45-acre property is located within Cornerstone Industrial Park and features direct access to Ackerman Road, less than one mile north of a full interchange on I-10. Corner Ridge Crossing will be Hines’ first industrial project in San Antonio, and groundbreaking is anticipated in July with completion in the second quarter of 2020. Corner Ridge Crossing will feature two rear-load buildings totaling 198,000 square feet, one 127,000-square-foot front-load building and one 252,000-square-foot cross dock building. The park will have direct access to a full I-10 interchange via Ackerman Road and to loop 410 via Cornerway Boulevard and feature Class A building characteristics including 28’-32’ clear height, ample car and trailer parking, and two points of ingress/egress. Corner Ridge Crossing will be able to accommodate tenants ranging in size from 19,000 square feet to 252,000 square feet. Corner Ridge Crossing will have space available beginning in Q1 2020. Click to read full article: Hines to develop Corner Ridge Crossing in San Antonio (Hines press release, June 30, 2019)  80-acre development will feature 550,000 square feet of retail, including a long strip center and 14 pad sites The Shops at Dove Creek is opening in a few months as the next power center on San Antonio’s Far West Side. This area has seen continued demand for big-box retail.
Portions of the land have been sold to users like KB Homes, Casey Development, and Flix Brewhouse LLC. Plans include a 170-unit subdivision behind the retail part of the development and an apartment complex.
The remaining 80 acres will include  The University of Texas at San Antonio The University of Texas at San Antonio has received a $15 Million gift to support their proposed School of Data Science. One of UTSA’s major component is to accelerate the development of its Downtown Campus as a destination for producing professionals in big data and analytics, advancing economic development in the urban core, and creating prosperity for San Antonio. UTSA is also in discussions with the City of San Antonio and Bexar County for …Read Entire Post |
Despite the uncertainty in the air, some of San Antonio’s largest and most anticipated commercial developments are still set to finish this year.
