REOC San Antonio
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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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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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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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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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REOC Development Breaks Ground on 60K sf Professional Building at Singing Hills

Site of new 60,000 sq. ft. professional office building

Site of new 60,000 sq. ft. professional office building at Singing Hills

REOC Development recently celebrated the groundbreaking of the Singing Hills Professional Building – a 60,000 square-foot, three-story office building located at US 281 & Harmony Hills.  Designed by Luna Middleman Architects and constructed by Middleman Construction Company, site work is well under way with delivery scheduled for next fall.

The building will be anchored by an Ambulatory Surgical Center (ASC) on the first floor and the goal is to secure an imaging center for the remainder of the first floor space.

Lease commitments are approaching 65% of the building but there are still leasing and tenant-equity opportunities available;  however, as the only Class “A” office building in the Bulverde/Spring Branch community, the remaining space is not expected to remain unclaimed for long.  …Read Entire Post

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AT&T consolidating services; relocating to San Antonio

logo-att-color-trans-200x200AT&T Inc. is reducing its workforce in Houston and moving those jobs to San Antonio. The move affects 117 call center employees at 9051 Park West Dr. in Houston, and that location will close.

Those employees provide customer retention work to support AT&T’s legacy landline services.  All of the affected employees will be offered jobs in San Antonio, along with a relocation allowance. …Read Entire Post

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GrayStreet proposes 20-story hotel and office tower next to the Pearl

Courtesy GrayStreet Partners

Courtesy GrayStreet Partners

Downtown developer GrayStreet Partners has proposed a 20-story hotel and office tower on Broadway that would exceed zoning regulations intended to protect the San Antonio River and would tower over nearby buildings at the Pearl. The 260-foot-tall tower at Broadway and Newell Avenue would be the tallest building along the booming lower Broadway corridor where developers are planning to construct several large-scale projects as the city rehabilitates the thoroughfare with $42 million from a city $850 million bond program that voters approved last year.

…Read Entire Post

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San Antonio/Houston-area in U.S. medical office sales

Westover Hills Medical Plaza II

Westover Hills Medical Plaza II

The Westover Hills Medical Plaza, located along the Hwy. 151 corridor, includes three medical offices, is among the properties within a 1.4 million-sf portfolio purchased by an affiliate of global real estate investment firm Heitman LLC.

The three medical offices make up just over 200,000 sf in the larger portfolio, which includes 17 buildings in seven states. …Read Entire Post

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Plans for major Hemisfair development

Rendering of Hemisfair development

Rendering of Hemisfair development

Zachry Hospitality unveiled formal plans for its $200 million development called Hemisfair. The plans include a 200-room hotel spanning 14 floors, a 150,000-sf Class A office tower, and a market. All three projects have been designed as mixed-use developments that will incorporate public and retail space.   …Read Entire Post

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