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 Courtesy TxDOT The Texas Department of Transportation has unveiled plans for a 20-mile expansion of Interstate 35 that would make part of it a limited-access, non-tolled and double-decked freeway northeast of Loop 410 through Selma and Schertz. First-phase construction on the $2.1 billion project is slated to begin around spring 2021 with completion expected in 2026 but the final phases have no timetable or dedicated funding yet, agency officials said. …Read Entire Post Along with developers and those working in real estate, the city of San Antonio is targeting high-growth areas as part of its plan to annex more than 1,220 acres of unincorporated territory. Starting with the U.S. Highway 281 North commercial corridor the city’s Planning Commission on Wednesday is slated to discuss the annexation of 1,224 acres along the arterial highway beginning south of Marshall Road and Northwind Boulevard in Bexar County and continuing north along Highway 281 to about 1,800 feet shy of Ancestral Trail in Comal County. The city of San Antonio is proceeding with plans to target the annexation of five high-growth areas, which have the potential to add millions of dollars to the city’s tax base. …Read Entire Post  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  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
The neighborhood, plagued with crime and vagrancy, stands to undergo a revitalization similar to that which the Pearl brought to the crumbling brewery complex just north of downtown. …Read Entire Post  Proposed LSRD regional rail line. The decision by Union Pacific to end its working relationship with Lone Star Rail District (LSRD) in February, was a blow in efforts to develop a passenger rail line between San Antonio and Austin. Many board members said Union Pacific’s choice to stop working with Lone Star Rail was disappointing, but that they hoped the company would return. The completion of the impact study is crucial to the project, because it would enable future funding, including federal money. The district expects to finish the environmental impact process by 2018. The $7.5 million makeover of Southside’s Pearsall Park will be unveiled in a couple of months. The district was awarded $8.5 million for park improvements in the 2012 bond. The 526-acre park will be the one of the city’s largest, and the only park in the city with a 5K, 10K, and single loop half-marathon course. To augment the 231 acres of former landfill, the city purchased 268 acres from the Cox family for roughly $1 million. The park also includes 26 acres of the Leon Creek Greenway, according to the department of Transportation and Capital Improvements. Plans are underway to transform San Pedro Creek into a linear park from the waterway’s tunnel inlet behind Fox Tech High School to the confluence with Alazan Creek. The goal of the $175-million project is to preserve the creek’s cultural ecology as well as its role in downtown flood control but the hope is that it will also spark new development on the West Side. Upon its full build-out in …Read Entire Post  Courtesy San Antonio Express-News The Eagle Ford Shale oil-and-gas play has created a seismic shift in economic activity that is reshaping a large and mostly under-developed multi-county region south of San Antonio. Economic experts consider San Antonio the epicenter of that activity, as do developers and companies looking to tap into the boom. The latest such example is Mission Rail Park, a $12 million development planned near Loop 1604 on a 1,010-plus acre site that straddles the county lines of Wilson and Bexar in southeast of San Antonio. …Read Entire Post
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City Council approved zoning changes that will allow local developer Efraim Varga and investment partners to construct a multi-block, mixed-use complex in the Eastside’s Denver Heights. A $43.5 million improvements package was approved in January 2015 that is slated to improve connectivity to the Henry B. Gonzalez Convention Center expansion and Hemisfair Park.
