Mixed-use project planned
Web Posted: 06/14/2007 08:02 PM CDT
Rachel Stone
Express-News Business Writer
Two San Antonio developers have grand mixed-use plans for a 99-acre tract near La Cantera.
Galo Properties and Fulcrum Development have entered a joint venture to develop the southeast corner of Interstate 10 and Loop 1604 — one of the choicest undeveloped retail corners in the state, and one that had been off the market for two decades until recently.
They're planning two hotels, 1 million square feet of office space, 300,000 square feet of retail space and 1,500 multifamily units in a project that will take seven to 10 years and "many hundreds of millions of dollars" to complete.
The tract had been known as "Regal Hills" because of a retail development that Florida-based Turnberry Associates had planned there, but the new owners will rename it. Turnberry announced its project two years ago as a joint venture with Mexico City-based Galleria Ventures Ltd.
http://www.mysanantonio.com/business...s.2baa669.html
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I wasn't aware that the Regal Hills project was not going forward.