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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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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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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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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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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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Singing Hills Bringing Much Needed Services to Bulverde Area

Singing-Hills_A1The Singing Hills mixed-use development experienced a busy 2017 filled with exciting new developments.  The results of 2017 activity will become more apparent in 2018 as new construction gets underway and new services are added to the growing Bulverde area.

Within the next few months, construction in the commercial portion of the Walmart-anchored project, which is located at US 281 & Hwy 46, will include a 288-unit Multi-Family project, The Pillar’s Christian Early Learning Center and a 60,000 square foot medical professional building.  …Read Entire Post

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New La Cantera Retail District

Austin-La Cantera based CSW Development in partnership with USAA of San Antonio is developing La Cantera Heights, a 34-acre retail district, located on La Cantera Pkwy. and Fiesta Texas Dr. just off IH-10 West across from The Rim.

The development will be built in two phases with construction on phase one to start this summer. The first phase, consisting of 25 acres, will feature at least six buildings ranging from 3,000 to 24,000 sf.  Completion is expected early 2019. Future office development and retail expansion is also planned. …Read Entire Post

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Nacogdoches Crossing Sold to a Private Investor

Nacogdoches Crossing (courtesy of CP Executive)

Nacogdoches Crossing
(courtesy of CP Executive)

Nacogdoches Crossing, a 22,434-sf neighborhood shopping center located on the northeastern outskirts of the San Antonio, was sold by Santikos Real Estate Services to a private investor.

Nacogdoches Crossing garnered significant interest due to future development potential and a Walmart-shadow-anchored retail center located at 6826 North Loop 1604 E. in the Northeast submarket. …Read Entire Post

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Spec’s adds third West Side location

Village at Forum Pkwy_SpecsSan Antonians on the West Side will soon have a shorter drive to buy their favorite beers, wines and libations.

Houston-based Spec’s Wine, Spirits, & Finer Foods has leased 18,383 square feet of space in Ingram festival, a retail center at 6065 NW Loop 410, just north of Ingram Park Mall. The new location will be Spec’s third location on the West Side and is expected to be open in first quarter 2018. …Read Entire Post

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Grandview Shopping Center sells for $21.9M

sprouts_logoThe 103,000-square-foot shopping center, anchored by Sprouts Farmers Market and Petco along Callaghan Road, has been sold to a California investor for $21.9 million. …Read Entire Post

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