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Cantex Development Partners, Southwest Engineers to Develop Las Colinas Subdivision4 Feb 2014, 6:49 am
By Anca Gagiuc, Associate Editor
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 development and civil engineering services for the new Las Colinas Subdivision in Karnes County, near San Antonio.
“The collaboration between Southwest Engineers and Cantex Development reflects the vision of both organizations to help progressively and strategically grow communities like the city of Kenedy,” said the president of Southwest Engineers, John Littlefield, in a press statement. “Our goal is to identify meaningful, high-quality projects and develop reliable, long-term solutions that successfully position Texas communities and municipalities to benefit today’s community and future generations,” he added.
Las Colinas is designed to be built in three phases; 115 lots will be offered in the first two phases of the development. The community’s construction will begin in the second quarter of 2014, and the first phase should be finished by the end of the year. The developers offer three models for the single-family homes; the square footage for these ranges from 1,336 to 1,791 within the price range $169,900 to $219,900. They also offer three models of duplex homes, ranging in square footage between 1,367 and 2,069 and in price between $164,900 and $229,900.
Nowadays, in its current state, Kenedy relies on temporary housing options (RV parks, “man camps,” and just a few hotels in surrounding areas) for its residents – most of them employees and visitors connected with the oil and gas industries. The partnership set as a goal the construction of a more permanent housing option for them.
“It is a privilege to partner with Cantex Development on this innovative milestone for the city of Kenedy,” stated Eric Schulze, senior project engineer of Southwest Engineers. “As a family owned and operated business, we focus on projects centered on sustainable community growth. We’ve been working in and around Kenedy for more than 30 years and are very excited to help bring this new community to life.”
Photo courtesy of Cantex Development.
Stream Realty Partners Acquired San Antonio Medical Office Building28 Jan 2014, 5:55 am
By Anca Gagiuc, Associate Editor
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.
The four-story, Class A office property encompasses 80,000 square feet, situated on 3.43 acres in the Northwest submarket. This area in particular experienced a prosperous 2013, showing a net absorption of 86,381 square feet in the fourth quarter alone, according to a CBRE report.
Lately, physicians’ interest in areas that are more convenient to patients has attracted them to retail and office assets. “Stream Realty purchased 5109 Medical Drive because of its central location within the South Texas Medical Center and opportunity to accommodate a variety of users,” said Carolyn Hinchey Shaw, vice president with Stream, in a news release.
Leasing will be handled by Shaw and Jason Schnittger, a senior vice president in Stream’s San Antonio office, and the company will also provide property management services. “Since it is the only property in South Texas Medical Center of this size and quality, we anticipate finding users quickly.” Schnittger noted.
Photo courtesy of Stream Realty.
Welcome Home Center Open in Wortham Oaks by Lennar San Antonio21 Jan 2014, 6:05 am
By Anca Gagiuc, Associate Editor
A new Welcome Home Center is open in North Central San Antonio, at 22307 Akin Doe. Lennar, one of the nation’s leading homebuilders, introduced the Oak Knoll Collection in Wortham Oaks.
The Oak Knoll Collection offers five floor plans ranging from 1,580 to 2,743 square feet. Pricing starts at $199,400 and goes up to $257,400. The more spacious alternative is featured at the Welcome Home Center and includes four bedrooms, with the master bedroom on the ground level, 2.5 baths, two stories, a two-car garage and a study and game room.
“Wortham Oaks is a wonderful master-planned community on San Antonio’s Northside that’s still at a more affordable price,” Tony Cerna III, director of sales and marketing for Lennar San Antonio, said in a news release. “The Oak Knoll Collection features one- and two-story plans designed with families in mind.”
The amenities for this gated community include a swimming pool, a pavilion and trails among native Live Oak trees. The community includes plans for a future Judson ISD elementary school. Lennar is known to offer luxurious touches as standard in its Everything Included communities, as well as GE Energy Star appliance packages, 9-foot and 10-foot ceilings per plan, covered patios, two-inch faux wood blinds, energy efficiency features and more.
“This excellent Northside location gives residents easy access to Highway 281, Loop 1604 and IH-35,” Cerna continued. “Whether you work downtown or at nearby military bases, Wortham Oaks is centrally located on the north side of the city, with lots of shopping, entertainment and dining options nearby.”
Photo courtesy of Lennar.
WholeLife Cos. Buys Land for Premier Active Adult Community in Cibolo Canyons30 Dec 2013, 6:48 am
By Adrian Maties, Associate Editor
WholeLife Cos. is one step closer to starting construction on its planned $55 million active adult living community in Cibolo Canyons. On Dec. 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.
WholeLife paid $7.7 million for the land. The company acquired it from the Forestar Group Inc., an Austin-based real estate company and the developer of Cibolo Canyons, a unique 2,100-acre master-planned community located north of San Antonio. Norton Rose Fullbright and Labarthe law firms represented WholeLife in the transaction, while Transwestern’s Michael Griffin represented WholeLife as its realtor.
The WholeLife Traditions community will be a 154-unit luxury active adult-living community. Units will range between 1,500 and 2,000 square feet. It is designed by architect Ken Schaumburg of Ft. Worth. The landscaping, sidewalks, streetlights and the design of the homes will make WholeLife Traditions look and feel just like a traditional American neighborhood. The community includes an expansive and functional WholeLife Club, with event space, a state-of-the-art fitness center, a pool, a game room and community services.
The Bexar County Commission unanimously approved a $55 million tax-exempt bond to finance the construction of the project in mid-October. Pape Dawson Engineers is the civil engineer for the project, while the Willis Group will provide risk management services. Gables Residential, a division of ING Financial Services, will provide operations and leasing services.
Photo credits: WholeLife Cos.
Mobile Leasing Starts at Carter’s Tetro Student Village16 Dec 2013, 9:47 pm
By Anca Gagiuc, Associate Editor
Atlanta-based developer Carter has started leasing Tetro Student Village, a student housing project under construction at 14402 Babcock Road, less than half a mile from the University of Texas at San Antonio (UTSA). Its approach is unique.
A 14-inch food truck has been customized into Tetro Truck, a mobile leasing center with full equipment for virtual tours of the units and an ability to conduct all transactions online. This uncommon marketing tool will travel to nearby festivals, parks, sporting events, restaurants and bars to promote the new development and pre-lease to those interested.
“Tetro Student Village will be a tremendous addition to the San Antonio market,” said David Nelson, vice president of Carter’s development team, in a press statement. “All of the pieces are in place for it to be extremely successful: innovative marketing and leasing, strong growth in student enrollment at UTSA, proximity to campus and a wide array of high-quality amenities that have been re-imagined for college living to meet the high expectations of today’s student.”
The community covers 16 acres and will total 198 units with 590 beds, including 121 flat-style apartments and 77 townhomes built around a town center. One-, two-, three- and four-bedroom floor plans will be available, and the townhomes will include two-car garages. Amenities will include a resort-style pool; volleyball, basketball and bocce ball courts; a soccer field; a grilling area; a fire pit; a study room; an arcade; a dog park; a tanning room; a coffee shop; a sports bar; a state-of-the-art fitness center; and a media room. The development is scheduled to open in fall of 2014.
Cardinal Group Management will operate the property. “We are excited to be working with Carter to deliver premier student housing for the San Antonio market,” said Del de Windt, CEO of the management firm. “Tetro will not only be a gorgeous community but an affordable one, as well. With its proximity to campus, unit sizes and top-of-the-market amenities, Tetro will provide students of UTSA with a community-focused living experience unlike any other.”
Photo courtesy of Tetro Student Village.