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News – San Antonio

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​McKINNEY – Independent Bank has moved 400 employees into its new headquarters in the Craig Ranch development at SH 121 and Grand Ranch Pkwy.

The 165,000-sf, six-story building is the first phase of a 400,000-sf campus that will include an outdoor plaza and walking trails.

Developer KDC started building the $52 million project on ten acres in late 2017.

Architect SmithGroup designed the building. Rogers O'Brien Construction was the general contractor.​​​

​​​AUSTIN – The city council has approved a plan to​ build 60,000 affordable housing units across the city.

This goal came out of their housing blueprint which aimed to build a total of 135,000 units.

The affordable housing will be spread out across the ten districts, specifically looking in areas with easy access to public transportation and increased gentrification.

Districts six and ten will have the most affordable housing units with about 8,000 units apiece. Districts four and nine will have the least with about 3,000 units each.

​Completion is projected for 2027.​​

​​​​​LEWISVILLE – Fairfield Inn & Suites Dallas Lewisville, a 71-room hotel at 2697 Lake Vista Dr., has been sold to a private investor.

Marcus & Millichap marketed the property on behalf of the seller, a Dallas-based limited liability company.

The buyer group was approved by Marriott to self-manage the asset. The property came with a long-term Fairfield Inn & Suites license.