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Stream Realty Assumes Leasing for Rosemont Realty’s San Antonio Portfolio

15 Dec 2014, 10:08 pm

By Anca Gagiuc, Associate Editor

Stream Realty Partners has won responsibility for leasing the entire San Antonio office portfolio of Rosemont Realty. The company was already handling leasing for Rosemont’s The Century Building, which it took on in the third quarter of 2013.

The Rosemont portfolio includes four properties totaling 739,187 square feet of office space:

  • The Century Building, located at 85 NE Loop 410 and totaling 187,718 square feet;
  • One International Centre, located at 100 NE Loop 410 and totaling 301,169 square feet;
  • One Thousand Oaks, located at 16414 San Pedro Ave. and totaling 140,980 square feet; and
  • Greenway Park, located at 2455 NE Loop 410 and totaling 109,320 square feet.

“We couldn’t be more excited about this newest opportunity with Rosemont Realty,” said Jason Schnittger, managing director at Stream Realty. “After a year working with Rosemont on The Century Building and adding over 50,000 square feet of new tenants, they felt that Stream could bring the same hustle and success to the remainder of the San Antonio portfolio.”

Leasing will be handled by Schnittger, Ryan Harrison and Colby Vanham.

“Each of these impressive properties is perfectly located to service San Antonio’s growing office demand,” said Harrison, managing director at Stream. “With easy access to downtown and San Antonio International Airport, as well as services and destinations throughout the city, these properties will continue to bring in tenants in need of first-class amenities, easy access and outstanding visibility.”

Stream Realty Partners L.P. leases and manages more than 111 million square feet of commercial buildings throughout the nation and completes more than $1.6 billion in real estate transactions annually.

Townhome Project SOJO Crossing to Be Developed in San Antonio

8 Dec 2014, 2:53 pm

By Anca Gagiuc, Associate Editor

In the Tobin Hill neighborhood, just one block away from the Museum Reach of the San Antonio River Walk, a community of 27 well-appointed townhome residences will begin to take shape. SOJO Crossing is a project of SOJO Urban Development LLC, working in collaboration with Alamo Architects and IDS Engineering Group.

The townhomes will be developed on three stories, with each building on an individual lot and each featuring a modern industrial design, enclosed garages and storage, fenced small yards and balconies for the second and third floors. Four spacious layouts are available. They range in size from 1,597 to 2,268 square feet. The buyer can choose the interior finishes and appliance packages.

However, the prime property feature is the location – just five minutes away from the center of downtown San Antonio and steps away from the historic Pearl Brewery, restaurants, boutique shopping, museums and Brackenridge Park. The San Antonio International Airport is only 15 minutes away, and Quarry Market and Quarry Village are 10 minutes away.

Pricing starts at $400,000. The development will break ground in March 2015, with finalization and move-in scheduled for the spring of 2016.

Photos courtesy of SOJO Crossing.

The Peanut Factory Lofts to Start Leasing

1 Dec 2014, 2:59 pm

By Anca Gagiuc, Associate Editor

The Peanut Factory Lofts, located at 939 S. Frio, has completed its conversion process and is ready to lease. The redevelopment of the original Peanut Factory, built in 1912, included tranformation of its four 60-foot-tall silos. The project includes apartments, condos, two courtyards, an outdoor pool with cabana and an outdoor theater area. In total, there are 102 residential units on a 130,000-square-foot site.

The silos are now 8 round units. The former peanut factory now offers 14 loft units and a 3,000-square-foot penthouse on the top floor. Additionally, the community features 15 townhomes with attached garages and 64 flats. The $13 million project broke ground in October 2013 and in December will start the leasing process. Approximately one third of the units will be leased to students and university professionals.

Units offer as many as three bedrooms and two baths, with rents starting at $749 per month and reaching as high as $4,769 per month. Community amenities include the on-site Food Truck Park, two dog parks, door-to-door trash pick-up five days per week and a fitness center. Apartment amenities include accent lighting in the kitchens, chrome plumbing fixtures, designer fixtures throughout and wood plank flooring in living spaces.

The owner/developer of the project is 210 Development. B & A Architects oversaw the contemporary and eco-friendly design; Catamount Constructors was the general contractor and Big Red Dog provided the civil engineering and entitlement services. The Peanut Factory Lofts is the first major development in San Antonio’s Westside submarket that is part of the mayor’s “2020 Vision – Decade of Downtown.”

Photo courtesy of The Peanut Factory Lofts.

Connell Canyon Ridge Sells The Estates at Canyon Ridge in San Antonio

24 Nov 2014, 3:23 pm

By Anca Gagiuc, Associate Editor

The Estates at Canyon Ridge in the Stone Oak master-planned community in North Central San Antonio has changed owners. The seller was New Jersey-based Connell Canyon Ridge LLC, represented in the transaction by CBRE Capital Markets. California-based FSC Realty purchased the multifamily asset; details about the sale are undisclosed.

The luxury multifamily community at 20614 Stone Oak Parkway was developed in 2007. It offers 270 condominium-style apartment homes divided into 27 buildings spread on approximately 20 acres. The units feature an award-winning Big House® design by Humphreys & Partners Architects, private ground-level entries, direct-access garages, and no breezeways or exterior staircases. Moreover, the larger units offer on average 1,200 square feet, and half of all apartments have two-car garages. Other amenities include granite kitchens, desks and bathroom countertops; a multi-level, resort-style swimming pool; and a service business center with cyber café.

“The Estates at Canyon Ridge is a unique property, with very large units and 100 percent direct-access garages. These are true differentiators compared to other new construction projects and will attract discerning renters for years to come,” said Ryan Epstein, CBRE executive vice president.

The community has convenient access to Loop 1604 and Highway 281. Employers in the area include Stone Oak Medical Center, the Clear Channel Communications corporate campus, Valero Energy Corp.’s world headquarters and NuStar Energy.

Embrey Partners Breaks Ground on Dwell at Legacy in North San Antonio

20 Nov 2014, 4:51 am

By Anca Gagiuc, Associate Editor

A new Class A apartment development broke ground under the Embrey Partners Ltd. umbrella. This was made possible after the developer received zoning approval to turn 8.28 acres of commercially zoned land in the Legacy Shopping Center into an apartment community.

Dwell at Legacy is located at 1810 E. Sonterra Blvd., within 326,455 square feet of retail space, with direct access to Lifetime Fitness, Best Buy, Staples, Main Event, Buffalo Wild Wings, Starbucks, Men’s Warehouse and a Saturday and Sunday farmers market. “But we also sit at the corner of Highway 281 and North Loop 1604, offering easy on-off access to freeways in all four directions,” said John Kirk, executive vice president of development for Embrey.

The project consists of three-story buildings, with an elevator, underground and surface parking, rentable private garages and detached carports. The units were designed with Generation Y in mind and will range in size from 550 square feet for one bedrooms to 1,200 square feet for two bedrooms; they’ll offer ultra-high-end amenities that will complement the convenience and choices of the urban environment built outside the city center. The amenities include an oversize porch at the clubhouse, infinity-edge pool with cabanas and a Bark Park for residents’ pets.

The architect for the development is Good Fulton & Farrell and the lender is Texas Capital Bank. The project is scheduled to open in late June 2015 and, besides developing and building Dwell at Legacy, Embrey Partners will also manage the property.

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