{"id":1004195638,"date":"2017-10-31T07:38:17","date_gmt":"2017-10-31T15:38:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195638"},"modified":"2022-12-05T04:29:58","modified_gmt":"2022-12-05T12:29:58","slug":"hines-to-develop-first-san-antonio-multifamily-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-to-develop-first-san-antonio-multifamily-project\/","title":{"rendered":"Hines to Develop First San Antonio Multifamily Project"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<div id=\"attachment_1004176336\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/10\/Elevations-FRONT_2.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004176336\" data-attachment-id=\"1004176336\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/a-cautious-step-forward\/toddsiegel\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/ToddSiegel.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;unknown&quot;,&quot;camera&quot;:&quot;Canon EOS 20D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1384980745&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;58&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"ToddSiegel\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Todd Siegel, Passco Cos., Retail Vice President&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/ToddSiegel.jpg?w=800\" class=\"wp-image-1004176336 size-medium\" src=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/10\/Elevations-FRONT_2.jpg\" alt=\"Hines' first multifamily development in San Antonio\" width=\"300\" height=\"233\" \/><\/a><p id=\"caption-attachment-1004176336\" class=\"wp-caption-text\">Hines&#8217; first multifamily development in San Antonio<\/p><\/div>\n<p>Hines will develop its first San Antonio multifamily project within The RIM retail power center. The four-story, 380,000-square-foot, luxury property will mark the company\u2019s eighth multifamily community in Texas.<\/p>\n<p>The development will be located on 11.4 acres at the southwest corner of Worth and La Cantera Parkway in northwest San Antonio. The community has easy access to Interstate 10 and Loop 1604, which connect to the city\u2019s primary employment centers. Furthermore, residents will also enjoy the proximity to nearly 20 miles of connected parks and trails, and destination entertainment such as Topgolf and Six Flags Fiesta Texas, both within a short drive.<\/p>\n<p><em>&#8220;Hines is very familiar with The RIM, having owned the retail center since 2014,&#8221;<\/em>\u00a0Hines Managing Director Chris O&#8217;Neill, said in prepared remarks.\u00a0<em>&#8220;When we found the opportunity to pursue a multifamily development within The RIM community, we jumped at it. The area&#8217;s evolving amenities, local economics and the objectives of our investors are all lining up nicely. We are excited about this first step into the\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/new-supply-tempers-rent-growth-in-san-antonio\/\">San Antonio multifamily market<\/a>.&#8221;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/em><\/p>\n<h2>Resort-style amenities<\/h2>\n<p>Meeks + Partners designed the project, which will feature a centralized leasing center, clubhouse, collaborative work room, fitness center and yoga studio, two-tiered pool with cabana grill, game room, dog park with wash area and tree-lined entries. In addition, residents will have \u201ctuck-under\u201d garages that allow them to access their units directly from their own private garages. Units will range from 682 to 1,479 square feet and feature private balconies and optional storage.<\/p>\n<p>The development boasts a Walk Score of 43\u2014the highest for any multifamily community in the northwest submarket\u2014and will connect directly to The RIM\u2019s 1.8 million square feet of retail, entertainment and dining options through landscaped, pedestrian-friendly streetscapes.<\/p>\n<p><em>&#8220;Walkability is the most requested neighborhood characteristic for a growing number of individuals,&#8221;\u00a0<\/em>added Hines Senior Managing Director Kevin Batchelor.\u00a0<em>&#8220;With exciting projects like The RIM multifamily development, our firm is meeting that request.&#8221;<\/em><\/p>\n<p><em>Image courtesy of Hines<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development will be located on 11.4 acres within the retail power center The RIM and will total 380,000 square feet.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,1607],"tags":[32797,38144],"class_list":["post-1004195638","post","type-post","status-publish","format-standard","hentry","category-development","category-latest","category-san-antonio","tag-hines","tag-meeks-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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