San Antonio is ripe with a huge pipeline of exciting new developments and revitalization efforts that will help shape the foundation of the city going forward. Hospitality and multifamily projects that are under construction and soon to be, will help change the city’s skyline. In addition, industrial and medical office projects will lead to economic growth in the area.
San Antonio developer, Zachry Hospitality, has gained all the necessary approvals for its massive $200 million Hemisfair mixed-use development. The new agreement states that the project will contain a 200-room hotel, 525 residential units and 200,000 square feet of retail space. The project will break ground in March of 2023 and be completed in 2025.
Kansas City based developer, VanTrust, is set to break ground on the first phase of a 60 acre industrial site in July. The project will bring more than 1 million square feet to a market needing industrial space. Demand is as high as in 2021, San Antonio experienced record industrial growth.
Two new medical office projects are coming to the Far North side of San Antonio. San Antonio developer, Worth & Associates’ Ridgewood Plaza business park is in the final phase of development. These developments will drive relocation and job growth in the area.
Austin-based, OHT Partners has received design approval for a 310-unit apartment building in the Southtown neighborhood of San Antonio. The project will contain a mix of one-bedroom, two-bedroom and three-bedroom units along with plentiful amenities. OHT Partners is viewing the project as a major chance to revitalize the neighborhood and will likely engage in future developments in the area as well.
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Texas Digest