San Antonio
Methodist Hospital Announces $200M Expansion
The Methodist Hospital opened in 1963 in the South Texas Medical Center with 175 beds and 272 employees. These days, the hospital has 882 beds and a staff of 3,538 members; recently they’ve announced a significant expansion of $200 million that will start in early 2014 and be completed in 2017.
PHH Ventures Partners Lease Aztec Theater, with Plans to Redevelop It
After the successful collaboration at transforming Sam’s Burger Joint into a live music venue, Sam Panchevre and Keith Howerton, partners at PHH Ventures Entertainment LLC, have signed a multi-year lease with Baron Theodore Bracht for the 87-year old historic Aztec Theater. The property, located at 201 E. Commerce Street, will undergo renovations that will transform the theater into a concert venue capable of accommodating mid-sized touring acts.
SouthStar Announces Three New Neighborhoods in New Braunfels Community
SouthStar, the fully integrated real estate investment, development and management firm with focus on the residential market, following strong sales in the Vintage Oak community, has announced plans for three new neighborhoods in the city of New Braunfels, northeast of San Antonio. This master planned community is on the market since 2006 and only in the past 10 months it announced the sale of more than 100 housing lots.
Hunter’s Ridge Becomes Elm Creek Apartments After Presidium Group Acquisition
Formerly known as Hunter’s Ridge, the apartment complex at 2358 NW Military Highway, near Hardberger Park, has a new owner and a new name. Presidium Group, a Dallas-based real estate investment and management firm, added the community to its portfolio. After a re-branding process they named it Elm Creek Apartments.
Sevona Westover Hills Community Acquired by Steel Castle Property Partners
Renowned real estate investment vehicle, Steel Castle Property Partners, announced the acquisition of a Class A multifamily property in San Antonio’s distinguished Westover Hills community. The transaction was performed through Steel Castle Capital LLC, a boutique real estate investment management firm with offices on both coasts.
Garrison General Contractors Announces Renovation of La Quinta Inn San Antonio
The La Quinta Inn & Suites – San Antonio North Stone Oak is about to receive a makeover. The hotel is part of one of the country’s largest hotel chains. The assigned construction firm is San Antonio-based Garrison General Contractors.
H-E-B Proposes $100M Master Plan for City
By Anca Gagiuc, Associate Editor
H-E-B has revealed its plans for a $100 million master plan that would transform the area north of the historic King William neighborhood. The project is designed to be developed in two phases and would encompass almost 27 acres.
IPA Arranges Sale of The Ridge at Bandera Apartment Community
The apartment community at the intersection of Loop 1604 and Bandera Highway, at 10950 Biering Lane, has changed owners. Institutional Property Advisors (IPA), a multifamily division of Marcus & Millichap, has overseen the transaction, without releasing any details.
Stream Private Data Center Breaks Ground in San Antonio
“San Antonio’s central location, reliable infrastructure and stable cost of electricity make it a great choice for national enterprise users to locate and operate their mission-critical infrastructure,” said Rob Kennedy, co-managing partner, Stream Data Centers. With this in mind, the Stream Private Data Center (PDC) broke ground in the master-planned business park Westover Hills.
Big Red Dog Announces New Apartment Community in San Antonio
Besides the Abandoned Peanut Factory project, Big Red Dog announced the construction of their newest community in the city of San Antonio. The engineering firm is specialized in civil engineering, permitting, and land-use consulting for real estate and natural resource development has been expanding recently not only in the downtown area, but also in the suburbs. They will provide engineering and entitlements services for the Medical Center apartment project.