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 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
…Read Entire Post
 Click for more information on the mixed-use Singing Hills project in Bulverde.
 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
 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
 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 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
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.
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
 Once 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.
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
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)
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