Stream Targets Baby Boomers with First Active Adult Living Community in City
- Jun 15, 2015
San Antonio’s Baby Boomer population has seen an increase of 8 percent between 2000 and 2010, and not just because of the sunny climate with moderate winters but also due to its stable economy and affordable housing. Stream Realty Partners took note of them.
The company announced plans to develop a 150-unit active adult apartment community in Stone Oak, the first of its kind in San Antonio. Groundbreaking is planned for early 2016.
The property will span 7.5 acres north of Hardy Oak Boulevard and Stone Oak Parkway, offering one- and two-bedroom condo-style apartments overlooking the Hill Country. Stream Realty has been under contract for the land for a few months now and hopes to close later this year.
The community is close to the village of Stone Oak, in the growing 281 North Corridor, and to the Texas Highway Loop 1604 shopping centers south of it. Amenities will include health and wellness centers, lush community gardens, an outdoor kitchen area, social lounges and walking trails.
“Stream will deliver leaseable luxury and offer the 55-plus community brand-new options,” said Luke Bourlon, part of Stream’s AAL development team. “We are disinheriting the expensive medical- and meal-service packages found in traditional senior housing, and this enables us to deliver luxury at a much more attractive price.”