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Brewery Turned Hotel Preps for October Opening

28 Jul 2015, 5:13 pm

By Anca Gagiuc, Associate Editor

Hotel Emma

Hotel Emma

A new hotel is scheduled to open on October 5 in San Antonio. Hotel Emma, dubbed the heart of Pearl, is a 146-key property built inside the former brewery complex. When completed, it will include a bar, restaurant, market, and library.

The brewery was originally designed by Chicago architect August Maritzen in 1894 in the Second Empire style, and the redevelopment will retain many historical features.

The renovation and adaptive reuse started under the ownership of Silver Ventures, which selected Kimpton Hotels & Restaurants to manage it back in February 2013. Yet, in December 2014, Kimpton was acquired by InterContinental Hotels Group for $430 million, reports the San Antonio Business Journal.

Hotel Emma sits on the banks of the Northern Reach of the San Antonio River at 136 E. Grayson St., next door to the Culinary Institute of America. General manager Mark Yanke said the hotel needs to finish the hiring process by late August and that there are positions available for all areas including housekeeping, concierge, food, and beverage.

Image courtesy of Hotel Emma Facebook Page

Fulcrum Master-Planned Community to Gravitate round Landmark One

27 Jul 2015, 5:51 pm

By Anca Gagiuc, Associate Editor

Landmark One

Landmark One

Local firm Fulcrum Development is working on building a mixed-use development that spans over 32 acres in Northwest San Antonio. Landmark Centre is designed to offer a mix of office, retail, and multifamily space, built on top of a hill with 360-degree views through full-height glass windows.

The master-planned community is located at the southeast corner of I-10 and Loop 1604 in one of the most active submarkets in the city.

Landmark One, the Class A office asset and the first component of Landmark Centre, will go up six stories, incorporating more than 160,000 square feet of space. The property will feature a full-service restaurant and café on the first floor, multi-story covered parking, and direct access to the retail segment of the master-planned community.

Construction is slated to start in December 2015 with an opening penned for late 2016. Rents at Landmark One are set at $27 per square foot NNN, reports the San Antonio Business Journal.

Image courtesy of Landmark One

Modular School Development Kicks Off at Randolph Air Force Base

27 Jul 2015, 1:45 pm

By Anca Gagiuc, Associate Editor

Randolph Field ISD

Randolph Field ISD

Ramtech Building Systems has made a name for itself by providing modular buildings throughout the Southwest for more than 30 years. Last week, the company added that history by announcing the start of the second construction phase of a new $7.2 million high school building for the Randolph Independent School District in Universal City, Texas.

The Randolph Field ISD is one of the three districts in Texas with boundaries that fall within a military installation. The new high school will serve the children of military personnel at Randolph Air Force Base, part of the Joint Base San Antonio System.

This final phase employs Ramtech to manufacture and install a 43,917-square-foot two-story facility using the company’s slab-on-grade permanent modular construction approach. To make way for the new school, the school district demolished two existing structures earlier this year. By October, the company should begin to manufacture the modular building sections. By May of 2016 the project should be completed.

The building will provide space for 23 classrooms, an eighth grade science center, two computer labs, two student common areas, and an administrative area with a counseling suite and nurse station. The new construction will also include four high school labs for physics, biology, chemistry, and environmental science. The exterior of the building is designed as a mixture of brick, split-face concrete block, and metal.

According to Ramtech president Linc Moss, “Randolph ISD immediately saw the speed, cost, and quality benefits of using our Accelerated Building System after reviewing the two permanent modular construction projects that we completed for Blue Ridge ISD.”

FelCor Sells Three Hotels to Repay Outstanding Debt

23 Jul 2015, 2:25 pm

By Anca Gagiuc, Associate Editor

Embassy-Suites-San-Antonio - NW I-10

Embassy Suites San Antonio – NW I-10

Hospitality REIT FelCor Lodging Trust Inc. has sold three non-strategic assets to three separate buyers.

The company sold the 216-key Embassy Suites San Antonio-Northwest I-10, the 260-key Embassy Suites Austin Central, and the 274-key Embassy Suites Charlotte (50 percent JV). The Embassy Suites Austin Central became the property of Stonebridge Cos., as previously reported by Commercial Property Executive.

The price tag for the three assets was of $90 million, and proceeds will be used by FelCor to repay outstanding debt.

The sale is part of FelCor’s portfolio repositioning plan. To date, the company has sold 38 non-strategic hotels with gross proceeds of $884 million. Two remaining non-strategic hotels are expected to change hands in the third quarter.

Image courtesy of Embassy Suites by Hilton

H-E-B Expands in Its Hometown

23 Jul 2015, 2:10 pm

By Anca Gagiuc, Associate Editor

4702 Goldfield Drive, San Antonio

4702 Goldfield Drive, San Antonio

A manufacturing facility in Northeast San Antonio has recently changed hands. The industrial building has become the property of the privately held supermarket chain H-E-B.

The 80,000-square-foot property is located at 4702 Goldfield Drive, less than half a mile east of Interstate 35 and with access to Loop 410 and Interstate 10. Ed Cross and Zach Dobin of San Antonio Commercial Advisors (SACA), an independently owned and operated member of the Cushman & Wakefield Alliance, represented the seller, an undisclosed Fortune 500 company. The financial agreement also remains undisclosed.

The industrial property was built in the 1970s on a 6.9-acre lot. H-E-B has not announced its plans with the newly acquired facility.

“H-E-B has a constant need for industrial space and is not only in the distribution business but also in manufacturing, and is growing business on both fronts,” Dobin told the San Antonio Business Journal. “It has an ongoing need for more space, and while it isn’t just about controlling product in the area, it is a strategic play for them.”

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