{"id":1004081298,"date":"2013-08-05T20:55:49","date_gmt":"2013-08-06T04:55:49","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=156963"},"modified":"2020-05-18T00:53:50","modified_gmt":"2020-05-18T08:53:50","slug":"new-master-planned-community-to-be-built-in-schertz","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-master-planned-community-to-be-built-in-schertz\/","title":{"rendered":"New Master-Planned Community to be Built in Schertz"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

New master-planned development The Crossvine is likely to keep San Antonio in a building mode for the next 10 years. Chris Price, president of developer Schertz 1518 Ltd., brings extensive experience in mixed- and master-planned developments. \"\"<\/a><\/p>\n

The development actually started in 2006 as Sedona Trails but was killed by the financial crisis after only 170 lots were developed. Schertz 1518 Ltd. purchased the property more than a year ago and has since been working with the city to redesign the neighborhood\u2019s plan. The city created a TIRZ (Tax Increment Reinvestment Zone) for the newly planned area, which means that the public improvements fund will grow with any increase in property values.<\/p>\n

The project will be built on 504 acres near FM 1518 and Lower Seguin Road and encompasses single-family homes, commercial sites and 12 miles of hike and bike trails. Home prices are expected to start at around $250,000, and the developers anticipate that the model home will be available for tours soon after the New Year. The Crossvine has an extensive team behind it: Schertz 1518 Ltd. as developer, Malone & Wheeler Inc. providing engineering, Marsh & Associates as the architect, Planned Environments Inc. for land planning and landscape architecture, and lookthinkmake providing branding, PR and marketing.<\/p>\n

John Kessel, Schertz city manager, told the San Antonio Express-News<\/a> that \u201cin recent years, we’re seeing a trend where you have large national builders who act as both the developer and the builder. We’re seeing a return to the traditional model with this project. It’s less of the mass-produced product. Now you can have two and three builders in the same neighborhood. It creates variety and accountability. The variety you get translates into a more interesting neighborhood. It’s an organic development. Over time, it’s a unique look.\u201d<\/p>\n

Photo courtesy of The Crossvine Facebook Page<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1607],"tags":[1815,39471],"class_list":["post-1004081298","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-antonio","tag-national","tag-san-antonio"],"acf":[],"yoast_head":"\nNew Master-Planned Community to be Built in Schertz - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-master-planned-community-to-be-built-in-schertz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Master-Planned Community to be Built in Schertz\" \/>\n<meta property=\"og:description\" content=\"The Crossvine is Schertz’s first master-planned community that will keep the city in a building mode for the next ten years. 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