1,900-Acre San Antonio Project Moves Forward
The mixed-use development may hold some 2 million square feet of commercial space.
SouthStar Communities has secured approvals from the city of New Braunfels, Texas, advancing Mayfair, a 1,880-acre master-planned mixed-use development set to include some 2 million square feet of commercial space and 6,000 residential units.
The City Council greenlit several changes that provide mixed-use design flexibility, such as allowing the construction of public facilities on any land and the modification of a 22-acre site from mixed-density residential to commercial, with a focus on medical services.
SouthStar has invested some $108 million in infrastructure since Mayfair’s initial approval roughly five years ago, San Antonio Business Journal reported. Full completion is expected in about two decades.
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The project is already well underway, with a 152,000-square-foot retail building coming online just two months ago next to the site slated for medical uses. Midtown Mayfair, which will add more retail and entertainment space, is scheduled to open in phases this year. Several hundred homes were also completed, including a build-to-rent community, as well as a park and an elementary school.
Mayfair is located along the Interstate 35 corridor between Austin, Texas and San Antonio, one of the crucial arteries of the Lone Star State, reshaped by constant population and economic growth.
San Antonio’s interstate corridors draw development
Boomerang Industrial and Marble Capital are among the companies bullish on the I-35 corridor. Last week, the duo broke ground on STX Frio, a cold storage project encompassing 325,274 square feet in Schertz, Texas.
In addition to I-35, San Antonio’s development also clustered around Interstate 10, leading toward Houston. Seguin Exchange, another mixed-use property encompassing 544 acres and expected to deliver more than 2 million square feet of industrial and manufacturing space, will rise roughly 15 miles from Mayfair. Lovett Industrial and NewQuest are behind the project.
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