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

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Rim-area property put up for sale

I-10_1604A local developer has been struggling to put together plans for a 15-story office tower in the explosive northwestern San Antonio corridor, and after nearly a decade of trying, the 6.7-acre site has been put on the market.

A Northwest San Antonio developer has tried unsuccessfully to get a 15-story office tower off the ground, but last-minute talks with a potential tenant could bring some spark to the 300,000-square-foot project.

Efraim Abramoff, DOR Principal, is flirting with a second option that has the potential to put plans back to the table. The developer is in preliminary discussions with a user scouting for San Antonio office space, and if the deal pulls through, its tenancy would secure the necessary financing for the Class A tower.

If that occurs, the tower would be the tallest proposed office development in the area surrounding the I-10 and Loop 1604 interchange, and it would include a four-level parking garage. The 14 floors of office space would each provide more than 22,700-square-foot floor plates, with the lobby level primed for a bank or executive tenant.

Click here to read the full article: Developer’s plan for 15-story office tower fizzles; Rim-area property put up for sale San Antonio Business Journal 1-19-2017

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