Posted Dec 10, 2008, 8:24 PM
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COGSADCAJA, VP and CGO
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Join Date: Aug 2006
Location: Frozen Swamps of Ohio
Posts: 1,369
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from: http://recenter.tamu.edu/mnews/newss...NEWS&CID=44863
Quote:
While the market may not be booming with new residential projects these days, there are still opportunities to be had in San Antonio's housing market. And many of those opportunities are located within the city's emerging urban sector. According to a recent analysis prepared by Stephen W. Yndo, San Antonio is on track to deliver 1,813 market-rate residential units by the year 2011. These communities - a mix of rental and for-sale projects - will be located in downtown San Antonio, and in the neighborhoods just north of the city's center. The new housing is being spurred by what Yndo calls the "rise of the urbanites" - an ever-growing demographic that is attracted to the energy that an urban environment provides. These buyers also demand efficiency - both in their living spaces and in their daily activities. Of the 1,813 housing units presently under development within the heart of the Alamo City, 1,223 of those are rental units. The remaining 590 units that are being marketed to potential owners include several redevelopment projects. The former Judson Candy Co. building on South Flores Street is gaining new life as a condominium community. A total of 68 condos are up for purchase in the project. Owners will be able to start moving in next month. Another project offering for-sale units is St. B's - a 66-unit condo community that is being created on the former site of the St. Benedict's Hospital and Nursing Home.
*Vistana, 247 units, 2009 completion date;
*Pearl Brewery, 11 units in 2009;
*Judson Candy, 68 units, 2009;
*St. B's, 67 units, 2009;
*Vidorra, 140 units, 2009;
*Alteza, 147 units, 2009. Down the road projects:
*Durango, 245 units, 2009 construction start, 2010 delivery date;
*Artisan Park, Phase II, 30 units, 2009 start date, 2010 delivery date;
*Big Tex, 200 units, 2010 start date, 2011 delivery date.
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