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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Former West Side print shop turning into 8,000 square feet of office space

A rendering of The Shop Workspaces at 2201 Buena Vista St.

A rendering of The Shop Workspaces at 2201 Buena Vista St.

Former Munguia Printers building at the corner of Buena Vista Street and South Navidad Street is turning into 8,000 square feet of office space for tech startups.

The new building will be a modern design, two-story structure with capacity to host around 25 smaller businesses. Owner envisions future tenants could be startups that have grown out of local co-working spaces, such as the startups at Geekdom.

The property, at 2201 Buena Vista St., is adjacent to homes, and a recent surge in new commercial activity along the Buena Vista corridor.

Redevelopment is still in its early stages; no leases have been signed.

 

Click here to read the full article: Henry Cisneros to Build New Westside Office Space for Tech Startups (The Rivard Report, September 12, 2018)

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NYC-based WeWork to open downtown co-working space in San Antonio

A WeWork common space and conference room in Houston, Texas.

A WeWork common space and conference room in Houston, Texas.

Co-working company WeWork has leased five floors of the historic Kress Building at 315 E. Houston St. They will be located two blocks from local co-working Geekdom at the Rand Building.

The San Antonio WeWork space will have room to accommodate more than 1,100 members. The company offers credits and members can use their collaborative space in its other nearly 300 locations globally.

Plans to open are in late 2019.

 

Click here to read the full article: WeWork Coming to San Antonio’s Downtown Tech District (The Rivard Report, September 14, 2018)

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$62M worth of new data centers for Microsoft

A view behind the fence of Microsoft's Data Center Cluster on the edge of Bexar County.

A view behind the fence of Microsoft’s Data Center Cluster on the edge of Bexar County.

Microsoft filed plans to build three more data centers in the Far West Side, just over the Bexar County line. Each data center is planned to be 225,000 square feet to include a 14,000-square foot office space.

New development was seen at the far edge of the Texas Research Park. Construction on that project is expected to be completed March 2019.

 

Click here to read the full article: Microsoft plans for more area data centers worth $62M (San Antonio Business Journal, Sept. 7, 2018)

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Area near Pearl gets rezoned to allow high-density development

The splash pad at The Pearl

The splash pad at The Pearl

Development firm that formed to build the Pearl, Silver Ventures, asked the city to rezone 7.9 acres of its land to “infill development zone” which will allow a variety of commercial and residential uses like high-rise offices, apartment buildings, bars and hotels.

Areas to be rezoned include the vacant Samuels Glass Co. warehouse and about 3 acres near the Museum Reach stretch of the River Walk.

Within the last couple years, a food hall, a jazz bar and the Hotel Emma luxury hotel have opened there, as well as the tony Cellars at Pearl apartment complex.

Click here to read the full article: Pearl gets room to grow (San Antonio Express News, September 4, 2018)

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Weston Urban purchases building near current venture – Frost Tower

Weston Urban has purchased 201 W. Commerce St.

Weston Urban has purchased 201 W. Commerce St.

Downtown developer Weston Urban purchased 103-year-old building at the northwest corner of Flores and Commerce streets.

Plans include turning 10,000 square feet into creative office space. Other ground-floor tenants include VIA Metropolitan Transit, 7-Eleven, and Metro PCS.

CEO Randy Smith said the building is in an important spot adjacent to the heart of city government and many other current and planned projects.

Timeline for completion of the office space project is six to eight months.

 

Click here to read the full article: Weston Urban Purchases Commerce Street Building Near City Hall (The Rivard Report, September 7, 2018)

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Future Lynd HQ building breaks ground

Lynd HQ Rendering

Lynd HQ Rendering

Lynd broke ground on its future 35,000-square-foot corporate headquarters in Shavano Park. The headquarters will have a 1,200-square-foot military museum on the building’s ground floor, which will be open to the public.

The company expects to occupy its new building, which will house about 50 employees, by summer 2019.

 

Click here to read the full article: Lynd breaks ground on future corporate HQ (San Antonio Business Journal, Aug. 29, 2018)

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Cavender office project on Broadway Street breaks ground

Architects and design team include Lake Flato and BokaPowell

Architects and design team include Lake Flato and BokaPowell

Hixon Properties Inc.’s Cavender office project on Broadway Street has broken ground.

The six-story, 140,600-square-foot office project is at the corner of Broadway and Eighth streets on the lot of a former Cavender Cadillac dealership. Along with the new office space, the building will feature 10,000 square feet of ground-floor retail.

The project has been renamed to The Soto and will be the first mass timber construction project in Texas.

 

Click here to read the full article: Hixon Cavender Broadway office project breaks ground, gets new name (San Antonio Business Journal, Aug. 17, 2018)

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Mixed-use development proposed in Northeast Bexar County

The buildings would be constructed in a whitewashed, Southwestern architectural style similar to that seen at Randolph.

The buildings would be constructed in a Southwestern architectural style similar to that at Randolph.

County Commissioner Tommy Calvert is proposing a public-private partnership between the county and developers designed to bring more public services and retail options to the area around Joint Base San Antonio-Randolph.

The plan would entail the county selling parts of a 51-acre plot of land it owns just south of the base, at the crossing of Rocket Lane and Loop 1604 in Converse, to developers who would build a mixed-use construction project known as Santé 51.

Preliminary plans show the project could include a six-story hotel, an amphitheater, more than 100,000 square feet of restaurants and other retail, and up to 128,000 square feet of office space.

The county would build a boulevard through the land, as well as other infrastructure, including two ponds, a park and walking trails.

Click here to read the full article: Calvert proposing mixed-use development in Northeast Bexar County (San Antonio Express News, Aug. 9, 2018)

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400,400 sf project breaks ground in the Cornerstone Industrial Park

The Logistics Commerce Center on San Antonio's Northeast Side will be built in two phases

The Logistics Commerce Center on San Antonio’s Northeast Side will be built in two phases.

Davis Commercial Development broke ground on its Logistics Commerce Center, a 400,400 sf industrial complex in the Northeast Side of San Antonio. The center is being built int the Cornerstone Industrial Park and will be comprised of 260,000 sf Class A cross-dock warehouse, and a 140,400 sf front-load warehouse.

“The growth of San Antonio and the overall economic growth of the city is driving the demand for new institutional Class A distribution product,” said Jeff Stringer, principal of Davis Commercial Development, in a statement. “San Antonio’s location as a midpoint between the border markets and Houston and Dallas are part of the overall industrial growth story of San Antonio and make this an increasingly strong market.”

The project is expected to be delivered first quarter of 2019.

 

Click here to read the full article: Houston-based developer enters SA with 400K-sq-ft industrial project (San Antonio Business Journal, Aug. 17, 2018)

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San Antonio gets A+ in Small Business Friendliness

Survey by Lucas Puente, Lead Economist at Thumbtack

Survey by Lucas Puente, Lead Economist at Thumbtack

San Antonio received an A+ ranking from Thumbtack’s Small Business Friendliness Survey covering small business perceptions of government policy in the United States. This study surveys thousands of entrepreneurs on the state and local public policies that affect their ability to start, operate, and grow a business.

In 2018, more than 7,500 U.S. small business owners participated in the study, collectively grading 56 other cities along with San Antonio. These professionals vary in occupations, such as electricians, music teachers, wedding planners, wellness professionals, among others.

Click here to read the entire survey: 2018 Small Business Friendliness Survey (Puente, Lucas, Thumbtack, Aug. 14, 2018)

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