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

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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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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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City approves proposal to encourage economic development around the missions

A view of the area around Mission San Jose Thursday July 16, 2015.

A view of the area around Mission San Jose Thursday July 16, 2015.

City council favored a proposal which intends to encourage economic development around the missions. This proposal aims to clean up the area and clear way for new development to include retail businesses like coffee shops, restaurants and bookstores in need by South Side residents.

The city is raising the zoning designations of some properties to encourage greater density. The South Side is seeing significant new development with the 2015 World Heritage designation and the completion of the Mission Reach section of the River Walk.

The initiative is part of the city’s broader effort to entice tourists to spend more time and money on the South Side. Along with building the Mission Reach, the city has created overlay districts around the missions to control new development. Its most recent bond package included $13 million to rehabilitate Roosevelt into a landscaped corridor friendly to pedestrians and cyclists, as well as $5 million for Presa.

Click here to read the full article: City approves controversial plan to downzone South Side businesses near missions (San Antonio Express News, Aug. 2, 2018)

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Investment flows down Government Hill

RVK Architects rendering

RVK Architects rendering

A pair of local developers are planning a new redevelopment project in Government Hill along East Grayson St. called Grayson Heights. A five-story, 60,000-sf office building at 1422 E. Grayson St. will be converted to Class A space by T&J Venture. Renovations are expected to cost $5 million. Once renovated, the building will anchor a larger mixed-use development, which will include multifamily, retail, and more office space.

The Grayson Heights renovation comes as more attention is coming to Government Hill, where GrayStreet Partners is planning a mixed-use redevelopment project spanning 23 acres.

Click here to read the full article: Local development team plans mixed-use project on Grayson Street (San Antonio Business Journal, Aug. 14, 2018)

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Flix Entertainment buys lots in Far West Side

Flix_logoFlix Entertainment, a Round Rock-based microbrewery and movie theater chain, purchased a vacant plot within a future shopping center on the booming Far West Side.

Flix purchased the 5.9 acres along Loop 1604, three-quarters of a mile south of the Walmart Supercenter on Potranco Rd. from a partnership linked with local development firm Blackburn Properties.

The company identifies San Antonio as one of the markets where it is considering building a movie theater by 2021.

Click here to read the full article: Round Rock chain enters San Antonio market with land purchase on far West Side (San Antonio Express News, 7-13-18)

 

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Stevens Ranch retail project underway in Far West San Antonio

Stevens-Ranch-Floater-Bldg-with-Center-10-16-17_Scene-6Houston-based Weingarten Realty has started on the 25-acre retail part of the 2,400-acre Stevens Ranch community in the Far West sector. The site will include a 20,000-sf retail shell, five one-acre pad sites, and one 18.3-acre pad site.  Delivery is slated for the fall.

Tenants will include Supercuts, Quarry Nails, and Smilepoint Dental Group. Fulcrum Construction is the general contractor for the project, which was designed by Luna Middleman Architects.

Click here to read the full article: Weingarten Begins Work on 25-Acre Retail Project in San Antonio (Rebusiness Online, 4/16/18)

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