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Austin Developer PSW Real Estate Begins Building the Olmos Drive Community

13 Apr 2015, 4:58 pm

By Anca Gagiuc, Associate Editor

Austin-based single-family home developer PSW Real Estate recently announced commencement construction on 26 green homes in Olmos Park. This is the company’s first development project in San Antonio, with two more following in Alamo Heights and South Town.

The homes, at 350 E. Olmos Drive, will offer as many as four bedrooms and three bathrooms, ranging in size from 1,869 to 2,390 square feet. Prices start at $549,000 and go up to $669,000. The company expects to deliver about five houses by the end of the year, with the rest to follow in 2016 and early 2017.

The community’s look combines contemporary design with traditional architecture, incorporating design elements of local Spanish Eclectic style and modern planning techniques such as large open kitchens and floor plans. PSW will also incorporate energy-efficient construction.

The company also plans to build 32 homes with two and three bedrooms at 332 Clay St. in Southtown and 10 homes in Alamo Heights, near Broadway and Terrell Road.

Photos courtesy of PSW Real Estate.

The Oaks at Fox Grove Opens in North Central San Antonio

6 Apr 2015, 7:42 pm

By Anca Gagiuc, Associate Editor

KB Home has entered its newest phase of development of single-family homes in the north central part of the city. The Oaks at Fox Grove has made ready for daily tours three fully decorated model homes.

The new phase encompasses 81 home sites that range in size from 1,792 to 3,699 square feet. The developer offers the homebuyers 16 flexible one- and two-story floor plans, with prices varying between $223,995 and $277,995.

Community amenities include a swimming pool and pavilion, an outdoor workout area and sports court, a playscape for children and extensive walking trails. The community is conveniently located close to San Antonio International Airport, Fort Sam Houston and major employers such as Whataburger, Rackspace and Tesoro.

“Fox Grove is located in a highly desirable area with great NEISD public schools nearby, and we are extremely excited to expand and enhance the neighborhood to meet demand from home shoppers with the addition of these new home sites, the new model home park and several new floorplans,” said Brett Dietz, president of KB Home’s San Antonio division.

Fox Grove is in close proximity to shopping and dining venues in the Stone Oak area. Just a short drive away is the Texas Hill Country, with its wineries and eccentric historical squares in Blanco and Johnson City; recreation places are sprinkled along the Guadalupe River and Canyon Lake.

CyrusOne Offers Virtual Tour of San Antonio II Data Center

29 Mar 2015, 3:46 am

By Anca Gagiuc, Associate Editor

CyrusOne, the global data center services provider, is now offering a virtual tour of its San Antonio II data center campus. The development is designed to be constructed in two phases, and at completion is expected to encompass 372,000 square feet.

“Along with its central position in Texas and distance from natural-disaster zones, this facility offers customers a unique opportunity to establish an exceptional IT disaster recovery or production footprint in a highly reliable co-location facility with multiple levels of redundancy, as well as access to one of the fastest and most reliable connectivity networks over the CyrusOne National IX [Internet Exchange],” said Scott Brueggeman, chief marketing officer at CyrusOne. “The San Antonio II virtual tour highlights the facility’s design, systems, amenities and significant security features, including perimeter fencing, dual authentication, biometric access systems and a 24/7 security-guard presence.”

The second San Antonio data center is located in Westover Hills, close to major highways and the airport. It is a carrier-neutral facility, capable of providing as much as 36 megawatts of power.

Once the construction is finished, the data center will offer as many as 196,000 co-location square feet and more than 20,000 square feet of Class A office space. The platform provides customers with accessibility to high-performance, low-cost data transfers, and unites CyrusOne sites throughout the country.

Regency at Lookout Canyon Sold Through ARA Newmark

23 Mar 2015, 5:10 pm

By Anca Gagiuc, Associate Editor

Regency at Lookout Canyon, a Class A apartment complex located in north central San Antonio, has changed ownership. At the time of the sale, it was 95 percent occupied. The price was not disclosed.

Patton Jones and Matt Michaelson of ARA Newmark represented the seller, a private investment group from Atlanta. The buyer is MTC Partners, Ltd. (formerly Millrock), represented in the transaction by Salt Lake City-based Bridge Investment Group Holdings.

“Regency at Lookout Canyon was sought after by institutional and private investors looking for a light value­-add investment opportunity,” said Jones. “They were drawn to the area’s outstanding growth prospects, the property’s excellent demographics and its unique townhome -style units.”

Regency at Lookout Canyon was built in 2007. The complex offers one-, two-, three- and four-bedroom units. Apartment amenities feature spacious kitchens with double sinks, carpeting, crown molding, dishwashers and built-in microwave ovens. Community amenities include a resort-style pool, a hot tub, outdoor picnic and grilling areas, a 6,000-square-foot clubhouse, a business center, a health club, a playground, onsite parking and garages.

The community is located at 25675 Overlook Parkway, close to major employment areas including The Ridgewood Business Park, a 122-acre business park, and Stone Oak Medical Center. Highway 281 and Loop 1604 ease transportation for the residents. The Village at Stone Oak shopping center is also nearby, offering retail services such as Super Target, Eddie Bauer, Bath & Body Works, as well as restaurants and a cinema. The Shops at La Cantera is 20 minutes southwest of the property, offering 1.3 million square feet of retail and restaurant space, including Neiman Marcus, Tiffany & Co., Kona Grill and BRIO.

Photo courtesy of Regency at Lookout Canyon.

The Legacy at Santa Fe Senior Living Facility to be Developed by PinPoint Commercial

17 Mar 2015, 5:00 am

By Anca Gagiuc, Associate Editor

A new senior living community will be developed by PinPoint Commercial LP in the Aldea master-planned community. The Legacy at Santa Fe will be located at the intersection of Avenida Aldea and Camino Botanica.

The development will consist of 84 units, featuring a combination of limited assistance, traditional assistance and memory-care living. Construction is scheduled to begin in June; once the leasing process is finalized, the community will employ 40 to 50 people.

The community will feature state-of-the-art senior living technology, such as digital resident care platforms that integrate health and medical records with touchscreen devices, monitoring systems, wireless caregiver alert systems, wireless RFID door-entry systems, exercise equipment specifically designed for seniors and personal activity trackers.

The design plans at the Legacy at Santa Fe include separate facility neighborhoods for easy delivery of assistance. Each neighborhood contains unique common areas and is designed around a “Main Street,” with a restaurant, movie theater, general store, gym, library and sports lounge.

“The Legacy at Santa Fe is the result of a two-year process,” said Charles Turner, principal at PinPoint Commercial. “We studied more than 300 submarkets, and after months of travel and extensive research, we believe that the northern Santa Fe area is one of the most underserved markets that we have found to date. We can’t wait to get started.”

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