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Bank of America leases 66,000 sf near the Pearl

Bank of America will move some of its San Antonio business to Broadway Street

Bank of America is leasing 66,000 square feet of office space at Broadway Street near the Pearl. Bank of America will be neighboring Credit Human’s fully leased 10-story office tower.

According to Vince Fertitta, Bank of America San Antonio market president, the move is a demonstration of growth strategy in San Antonio. “We continuously evaluate our real estate portfolio to ensure we are optimizing work space so our teams can have stronger collaboration and better serve the needs of our clients. We’re also thrilled to be moving to one of the newest buildings in this growth area of town that has so much to offer our clients and employees.”

Silver Ventures Chief Marketing Officer Elizabeth Fauerso said …Read Entire Post


New Shavano Park medical building breaks ground

New 75,000-square-foot medical office building

75,000-square foot medical office building broke ground this month. Located on the edges of Shavano Park along Lockhill Selma Road, the three-story office building was 100 percent preleased.

The project will be the home of National Joint Care Institute and will include …Read Entire Post


Same Drivers Move Austin, San Antonio Retail Markets at Different Pace

In the e-commerce era, retail components in mixed-use projects like The Domain in Austin are attracting shoppers, both in the state capital and in San Antonio.

A mere 80 miles separates Austin and San Antonio, the anchors of the growing Interstate 35 corridor. The two cities have some fundamental cultural differences but share certain economic drivers that have produced healthy retail real estate markets in both metros, albeit with varied results.

The most basic economic drivers common to both metro areas are population and employment growth. Like other Texas cities, the Austin and San Antonio metro areas continue to experience a steady stream of new residents and jobs.

Although San Antonio often takes a backseat to Austin in various rankings, the Alamo City topped this year’s …Read Entire Post


$15 Million Gift and Downtown Land for UTSA

The University of Texas at San Antonio

The University of Texas at San Antonio has received a $15 Million gift to support their proposed School of Data Science. One of UTSA’s major component is to accelerate the development of its Downtown Campus as a destination for producing professionals in big data and analytics, advancing economic development in the urban core, and creating prosperity for San Antonio.

UTSA is also in discussions with the City of San Antonio and Bexar County for …Read Entire Post


Methodist Healthcare purchases Forest Park Medical Center

Forest Park Medical Center at I-10 and 1604

Forest Park, a former boutique hospital at the crossing of Interstate 10 and Loop 1604, closed its doors in October 2015 and has sat vacant after going through foreclosure.

Methodist Healthcare System of San Antonio, which operates more than a dozen facilities in the area, has bought the 155,000-square-foot facility. Vice president of communications and community affairs Palmira Arellano said, …Read Entire Post


180,000-square-foot leased at Gateway10 Business Park

First building completed at Gateway10 Business Park near Interstate 10 and North Foster Road

XPO Logistics Inc. signed a lease for an entire warehouse at Gateway10 Business Park in Northeast San Antonio. The Class A distribution center broke ground in October and was completed in July. XPO will be occupying the first completed building in the development. The warehouse has a …Read Entire Post


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 …Read Entire Post


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 …Read Entire Post


$62M worth of new data centers for Microsoft

A view behind the fence of Microsoft's Data Center Cluster on the edge of Bexar County.

A view behind the fence of Microsoft’s Data Center Cluster on the edge of Bexar County.

Microsoft filed plans to build three more data centers in the Far West Side, just over the Bexar County line. Each data center is planned to be 225,000 square feet to include a 14,000-square foot office space.

New development was seen at …Read Entire Post


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 …Read Entire Post