REOC San Antonio
Commercial Real Estate Since 1974   
Kim Gatley
enior Vice President & Director of Research at REOC San Antonio

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Loop 1604 Expansion – Update

The third of five segments of the Texas Department of Transportation’s Loop 1604 expansion in San Antonio got underway recently.  This phase of construction is part of TxDOT’s overall Loop 1604 North Expansion project aimed at improving 23 miles of Loop 1604 from Texas 16 (Bandera Road) to Interstate 35. The latest construction includes $244 million of improvements from Interstate 10 to U.S. 281 to help reduce congestion and increase safety and mobility. The work involved in this latest segment will include expanding the main lanes to a 10-lane expressway, adding a high-occupancy vehicle lane in each direction, upgrading the Blanco Road intersection with a new diverging diamond design, improving the auxiliary lanes and ramps, and building accommodations for bicyclists and pedestrians. …Read Entire Post

Elevated lanes planned for IH-35 expansion

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


City targets to annex more than 1,200 acres

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


Councilman expects big return from urban reinvestment

crocket ventures renduring

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


Developer to ‘Redefine Suburb’ with Major Mixed-Use Project Near UTSA

Development plan for 114 acre UTSA Blvd site.

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


Pearl-like Development Planned for Eastside

Eastside developmentCity 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.

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


Despite Setback, Lone Star Rail Moves Forward

Proposed LSRD regional rail line.

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.

…Read Entire Post


Pearsall Park and the Ascent of the Southside

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.Pearsall Park

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.

…Read Entire Post


San Pedro Creek set for redevelopment

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


Major rail hub planned south of San Antonio

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