San Antonio
Traders Village San Antonio Announces Major Expansion
Two years after the grand opening of Traders Village San Antonio, the management announced a substantial expansion that is scheduled to be completed by spring 2014. Current vendors interested in pre-leasing can apply starting with October 1st and new vendors can do so starting October 8th.
New Senior-Living Community to be Developed in San Antonio
The Public Finance Authority has approved a $120 million bond to finance qualified costs associated with the acquisition, construction, installation, and equipping of two new senior living communities, one in Cibolo Canyon in San Antonio and the other in Chattanooga, TN. The owner is Samarian Housing and the developer is WholeLife Companies; the new properties will be built under its WholeLife Traditions concept.
Wedgwood Senior Living Community Sold to Out-of-State Investor
Wedgwood Apartments, the North Central senior apartment community located at 6701 Blanco Road, has changed owners. The property is easy to reach from Loop 410 and U.S. Highway 281 and close to much of what San Antonio has to offer.
CBRE Manages Sale of Westover Springs
A Class A multi-housing community in northwest San Antonio has been taken off the market as result of the successful representation by CBRE Central Texas Multi-Housing Group. Charles Cirar, Ryan Epstein and Michael Wardlaw represented the seller and Jim Kirkpatrick and Jim Richards with CBRE’s Debt and Equity Finance Group arranged the financing for Westover Springs located at 12105 State Highway 151.
Abandoned Peanut Factory to Be Transformed into Residential Complex
Not far from San Antonio’s urban core sits an abandoned peanut factory; previously here was a peanut processing and storage warehouse facility. At the beginning of next year it will be transformed into Peanut Factory Lofts, a 90-unit apartment and townhome complex with the help of civil engineering firm Big Red Dog.
San Antonio’s Waters at Northern Hills for Sale for $13.1M
The arranged sale of the 304-unit apartment complex located at 4031 Thousand Oaks Drive attracted the investment community of the area. Marcus and Millichap represented the seller, a 501c-3 nonprofit company, through Will Balthrope, senior vice president investments in Dallas, and Scott Lamontagne, vice president investments in Austin, both with Institutional Property Advisors, a division of the investment firm, and Zar Haro and Michael Moffitt, senior associates in Marcus & Millichap’s San Antonio and Austin offices, respectively.
CyrusOne Expands Data Center in San Antonio
CyrusOne, one of San Antonio’s global colocation solutions providers, has purchased a 22-acre property as expansion of its data center campus. The remaining space in its existing facility, the equivalent of 19,500 square feet, was leased for the next 5 years to one single customer, identified as a Fortune 50 customer.
New Master-Planned Community to be Built in Schertz
The Crossvine is Schertz’s first master-planned community that will keep the city in a building mode for the next ten years. The developer is Schertz 1518 Ltd. Chris Price, president of Schertz 1518 Ltd., highly experienced in mixed- and master-planned developments.
Vista Ridge Apartments Changes Ownership
Raia Properties sold Vista Ridge apartment complex to a private investment firm. The property is a 271-unti community located at 6522 Camp Bullis Road, Northwest of San Antonio.
Prado Student Development Breaks Ground in San Antonio
Three new student developments encompassing 1,400 units have broken ground under the Fountain Residential Partners name. These projects will serve The University of Texas – San Antonio, the main campus of The University of Houston, and The University of Minnesota – Twin Cities. Leasing will start in the following months and occupancy in autumn of 2014.