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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

​​​​Rendering of SoCo 44.AUSTIN – Travis County commissioners have approved a tax exemption for SoCo 44, a $62 million multifamily project at 4401 S. Congress Ave. 

Ninety percent of the 275 units will be reserved for tenants earning incomes at or below 120 percent of the area’s median income.

Cypress Real Estate Advisors is developing the property, which is at the intersection of the South Congress corridor and the St. Elmo district.​

Construction will be completed in 2020.

​​​​​​La Canterra Heights in San Antonio.​​SAN ANTONIO – CSW Development and USAA Real Estate will break ground on a 34-acre retail center May 1.

La Cantera Heights will be on the west side of La Cantera Pkwy. and I-10.

Tenants will include restaurant, fitness, and boutique retailers.

Alamo Architects is designing the project, Metropolitan Construction is the general contractor, and JLL is handling leasing.

​​​​Rendering of River South.​AUSTIN – Stream Realty Partners will develop River South, a 15-story tower at 401 S. 1st St.

HFF has arranged a $122.94 million construction loan for the development of River South at 401 S. 1st St.

The glass structure will have 347,778 sf of office and 13,082 sf of retail space. It will have​ five levels of subterranean parking and a fitness studio.

​Delivery is set for 2021. 

HFF arranged a $122.94 million construction loan through New York Life Real Estate Investors on behalf of New York Life Insurance Company.

​​CONROE – D’Agostino Cos. has broken ground on The Reserve at City Place, a garden-style apartment complex in the 65-acre City Place mixed-use development. 

The community will offer one-, two-, and three-bedroom floor plans averaging 949 sf.

Units will feature nine-ft ceilings, wood-style flooring, stone countertops, tile backsplashes, custom 42-inch cabinets, under-cabinet lighting, stainless steel appliances, and full-size washers and dryers. 

Amenities will include a resort-style pool, outdoor dining and entertainment areas, and a clubhouse with a fitness center and social area.

Meeks + Partners is the architect, Blazer Building is the general contractor, and Greystar will be property manager. 

The complex will open in January 2020.

​​​HOUSTON – Clay Development & Construction has broken ground on the 524,528-sf Kennedy Greens Distribution Center I on over 29 acres at JFK Blvd. and Lauder Rd.

The cross-dock distribution facility will feature 36-ft clear-height ceilings, 60-ft speed bays, 107 nine-by-ten-ft dock-high doors, and four drive-in ramps with 14-ft by 16-ft overhead doors. It will have 130-ft truck courts, up to 300 employee parking spots, and the option of 130 trailer parking spots.

Site plans allow for an additional 500,000-sf expansion. 

The new building is part of the 145-acre Kennedy Greens South Business Park, which was acquired by Clay in 2013. 

CBRE will handle leasing of the property. Trustmark Bank provided construction financing.​

Completion is scheduled for fourth quarter 2019.