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

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New Office Tower Planned for Port San Antonio

Port San Antonio – DeLorean Tower

Port San Antonio (fka Kelly AFB) recently announced plans that will reshape the look and feel of the former military base.  The centerpiece of the plan is a 300,000-square-foot high-rise office tower which would serve as the new corporate headquarters for DeLorean Motor Co.

Construction on the office tower could begin before the end of the year at a cost of approximately $18.5M; and the goal is to reach completion early in 2025.

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Make Room for 80K More Households by 2026

According to a report published by housing market researcher Zonda, the Alamo City could grow by 80,000 households by 2026.

Between 18,000-19,000 new arrivals are expected each year over the next four years based on the strong domestic migration experienced throughout the area.  This growth coupled with demand from locals looking at purchasing their first home, is expected to continue to drive new home construction.

Read entire article: REPORT: 80,000 more households in San Antonio by 2026 (San Antonio Business Journal, 5.26.22)

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San Antonio-New Braunfels Lead Population Gains

Continuing a familiar trend over the past two decades, San Antonio and New Braunfels again ranked high on the Census Bureau’s latest list of population growth.

States like Texas, Arizona and Florida dominate the Census Bureau’s list issued May 26th.  The 15 fastest-growing cities are all in the South and West.

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Koontz Corp. Breaks Ground on Westport Industrial Park

Westport Industrial Park

Locally based developer Koontz Corp. recently broke ground on Westport Industrial Park, a 374,400-square-foot project in San Antonio located at 438 S. Callaghan Road on the city’s West side.

Koontz Corp. is developing Westport Industrial Park in phases, with the first of the two 187,200-square-foot buildings set to be delivered in February 2023.

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CPS Selling Mid-Town Jones Tract

326 W Jones

CPS Energy, San Antonio’s municipal electric utility, is marketing its 7-acres at 326 West Jones Ave. which includes a partially deconstructed office and light industrial facility.

The property sits on the other side of IH-35 from The Pearl and neighbors the San Antonio Museum of Art and the River Walk. One acre has reportedly been conveyed to the museum, but the remaining six acres are being marketed for sale.

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San Antonio Makes Top 10 on WalletHub’s 2022 Best Summer Destinations List

Just in time for summer travel, WalletHub released its list of Best Summer Travel Destinations.  The personal finance website compared 100 of the most populated metro areas across 43 key indicators and concluded that the San Antonio-New Braunfels metro was among the top 10 places offering the best bang for the buck.

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Methodist Hospital-Landmark to replace Forest Park Medical

5510 Presidio Pkwy

The former Forest Park Medical Center located at 5510 Presidio Parkway is getting a new lease on life courtesy of Methodist Healthcare.  After acquiring the real estate in 2018, Methodist recently announced plans to invest more than $50 million to redevelop the shuttered facility into Methodist Hospital-Landmark – a new community hospital that will house roughly 50 beds and emergency facilities.

Although plans are not final, the hospital is expected to be operational by 2023. The new hospital will be part of an expanding mixed-use development that includes Methodist’s headquarters. …Read Entire Post

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Two New Medical Office Buildings Coming to Ridgewood Plaza

Ridgewood Plaza

Two new medical office buildings are slated for development in the Ridgewood Plaza business park in Far North Central San Antonio. Construction is slated to begin in early June and is expected to be complete by February 2023.

WellMed will occupy 18,000 square feet to fill the first building will share the lot with the existing TSAOG Orthopedic and Spine Ridgewood Orthopedic Center located at 19138 US Hwy 281 N. …Read Entire Post

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McCombs Acquires Iconic Tower Life Building

Tower Life Building

Local businessman and philanthropist, Red McCombs, along with two other investors, recently acquired the iconic Tower Life Building located in downtown San Antonio at 310 S. St. Mary’s St.

The 31-story landmark is known for its eight stone gargoyles and conical clay tile roof. The building opened just before the 1929 stock market crash and the Great Depression.  It was placed on the National Register of Historic Places in 1991. …Read Entire Post

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EVO heads to South Park Mall

Evo Entertainment Group is expanding its footprint in the San Antonio market.  The Austin-based company, one of the nation’s largest operators of cinema-entertainment centers, plans to develop a new venue at San Antonio’s South Park Mall on Southwest Military Drive.

EVO Entertainment South Park will feature 12 screens, dine-in cinema service with luxury recliner seating, a scratch kitchen and bar and other entertainment offerings, including a video and redemption arcade, 14 bowling lanes, virtual reality experiences and bumper cars. …Read Entire Post

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