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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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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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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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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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Holt Cat’s New HQ

HoltCatLogoHolt Cat‘s new headquarters off Loop 410 is both a nod to its 85-year history and a look at the San Antonio-based company’s future.

More than 200 of construction equipment dealer Holt Cat’s employees have moved into the company’s new three-story, headquarters since December 2017. The $24 million, 84,000-sf Class A office building is located off Loop 410 and East Southcross.

The new headquarters enables employees who worked at separate buildings on the company’s 140-acre campus to be under one roof with room to grow. In addition to traditional offices, there are open workspaces, multiple conference rooms equipped with smart televisions, a fitness center, a high-tech cafeteria, an outdoor patio, and walking trails lined with the company’s antique equipment. Built in the early 1940s, Holt Cat’s campus predates Loop 410 by at least 18 years.

Click here to read the full article: Holt Cat offers glimpse into life at new headquarters building (San Antonio Business Journal, 7-5-18)

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Bexar County listed among Top 10 Largest Growth Areas in the US

Top10From July 1, 2016, to July 1, 2017, six of the top 10 largest-gaining counties were in Texas — Bexar, Collin, Dallas, Denton, Harris and Tarrant.  Bexar County gained 30,831 new residents marking a 1.6% population increase over the year.

The remaining four counties on the list were Maricopa County, Ariz.; Clark County, Nev.; Riverside County, Calif.; and King County, Wash. Most of the nation’s 3,142 counties grew, with 57 percent gaining in the last year. …Read Entire Post

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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 welcomes Vantage at Bulverde

VantageClick for more information on the mixed-use Singing Hills project in Bulverde.

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Industrial park sold in heart of I-35 corridor

Enterprise Industrial Park

Enterprise Industrial Park

Colony Industrial, the industrial real estate arm of Colony NorthStar Inc., has bought the Enterprise Industrial Park for $52.1 million. Enterprise Industrial Park, at 17745 Lookout Rd. in Schertz, consists of two Class A light industrial buildings totaling 639,797 sf.

The buildings are 88 percent leased to nine tenants with a weighted average lease term remaining of 5.3 years. The two buildings, in the heart of I-35’s industrial corridor, neighbor such notable tenants as Amazon.com Inc.’s regional fulfillment center and Caterpillar.

Click here to read the full article: National commercial real estate investor buys industrial properties for $52.1M (San Antonio Business Journal, 4/11/18)

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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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