La Cantera Town Center to Have 500 Residential Units

San Antonio–The USAA Real Estate Co. will begin development of The Town Center at La Cantera, a mixed-use development project on approximately 178 acres bounded by The Shops at La Cantera and Interstate 10 in San Antonio. The Shops at La Cantera is an open-air marketplace featuring stores and restaurants.The

San Antonio–The USAA Real Estate Co. will begin development of The Town Center at La Cantera, a mixed-use development project on approximately 178 acres bounded by The Shops at La Cantera and Interstate 10 in San Antonio. The Shops at La Cantera is an open-air marketplace featuring stores and restaurants.The project is expected to be complete in phases, the first of which will be rolled out in mid- to late 2009.The Town Center at La Cantera will include nearly 500 residential units, approximately 1 million sq. ft. of office space, a high-end boutique hotel with spa and retail space. “Our plans are to create a mixed-use development that matches the quality of The Shops at La Cantera and that preserves the natural hill country beauty of the site,” says T. Patrick Duncan, president and CEO of USAA Real Estate Co. “We have designed the Town Center as a 24 hour live/work/shop environment while preserving significant open spaces.” The apartment building will feature structured parking.The Town Center will extend eastward from the new Shops at La Cantera in a series of streetscapes featuring landscaped boulevards, sidewalks and retail storefronts. There will be three- and four-story residences above the retail stores. In addition, the project will have several mid-rise Class A office buildings.“We are concentrating a large development volume in a relatively small area both to conserve open space and create a critical mass of employment, shopping and residential,” says Duncan. A new boulevard linking the Shops at La Cantera to Interstate 10 will bridge a 25-acre central park and connect to future development of La Cantera.