San Antonio

Three firms have joined forces to keep a promise to “do something special” between Leon Creek and historic Leon Springs, fronting Interstate Highway 10. San Antonio-based Embrey Partners, New York City-based Case Pomeroy Properties, and San Antonio-based Leon Creek, Ltd. have broken ground on a 15-acre, 320-unit, multi-family community as part of a larger, mixed-use development.

The prosperous North San Antonio market keeps on flourishing, especially the Northwest Corridor. After the consistent investment deal lead by Hines Global REIT in the massive retail center, The Rim, the final phase of construction is about to commence. Canyon Capital Realty Advisors announced its involvement in the financing for the fifth phase with a $55.2 million senior loan to an affiliate of Thomas Land and Development, LLC. RIM V adds 254,606 square feet of retail space to the existing construction, and 91% of it is already pre-leased to retail tenants.

By Anca Gagiuc, Associate Editor

The Northwest San Antonio is developing at very high speed. The latest acquisition is evidence of high interest coming from the investors – Hines Global REIT, Inc. announced it purchased the retail interest of Georgia-based Thomas Land & Development in The Rim, the largest outdoor retail center in Texas.

The border delimitating the urban and suburban areas of San Antonio started fading away when Embrey Partners announced that they received zoning approval to turn 8.2 acres of commercial space in the Legacy Shopping Center into an apartment development with 289 units. The property is located at Loop 1604 and Highway 281 in northern San Antonio and will be the third mixed-used community the company has built along the 281 corridor.

The full-service civil and environmental engineering consulting firm Southwest Engineers Inc. announced its partnership with real estate development firm Cantex Development LLC to contribute in the development and civil engineering services for the new Las Colinas Subdivision in Karnes County, near San Antonio.

The medical office building at 5109 Medical Drive has been acquired by the national real estate development and investment firm, Stream Realty Partners. The address is on the campus of Christus Santa Rosa Medical Center in the South Texas Medical Center. Details about the transaction have not been made public.

A new Welcome Home Center is open in North Central San Antonio, at 22307 Akin Doe. Lennar, one of the nation’s leading homebuilders, introduces the Oak Knoll Collection in Wortham Oaks.

WholeLife Companies is one step closer to starting construction on its planned $55 million active adult living community in Cibolo Canyons. On December 17, the developer announced it completed the acquisition of a 32-acre parcel of land just across the street from the entrance to the J.W. Marriott Hill Country Resort and Spa and the two PGA Tournament Players Club golf courses. It will be the future home of The WholeLife Traditions community.

Construction works have started a few months ago at Tetro Student Village, a new student housing project located at 14402 Babcock Road, less than half a mile from the University of Texas at San Antonio (UTSA). Carter, the Atlanta-based development firm, has commenced the leasing process in a very unique way.