Hines to Develop First San Antonio Multifamily Project
- Oct 31, 2017
Hines will develop its first San Antonio multifamily project within The RIM retail power center. The four-story, 380,000-square-foot, luxury property will mark the company’s eighth multifamily community in Texas.
The development will be located on 11.4 acres at the southwest corner of Worth and La Cantera Parkway in northwest San Antonio. The community has easy access to Interstate 10 and Loop 1604, which connect to the city’s primary employment centers. Furthermore, residents will also enjoy the proximity to nearly 20 miles of connected parks and trails, and destination entertainment such as Topgolf and Six Flags Fiesta Texas, both within a short drive.
“Hines is very familiar with The RIM, having owned the retail center since 2014,” Hines Managing Director Chris O’Neill, said in prepared remarks. “When we found the opportunity to pursue a multifamily development within The RIM community, we jumped at it. The area’s evolving amenities, local economics and the objectives of our investors are all lining up nicely. We are excited about this first step into the San Antonio multifamily market.”
Meeks + Partners designed the project, which will feature a centralized leasing center, clubhouse, collaborative work room, fitness center and yoga studio, two-tiered pool with cabana grill, game room, dog park with wash area and tree-lined entries. In addition, residents will have “tuck-under” garages that allow them to access their units directly from their own private garages. Units will range from 682 to 1,479 square feet and feature private balconies and optional storage.
The development boasts a Walk Score of 43—the highest for any multifamily community in the northwest submarket—and will connect directly to The RIM’s 1.8 million square feet of retail, entertainment and dining options through landscaped, pedestrian-friendly streetscapes.
“Walkability is the most requested neighborhood characteristic for a growing number of individuals,” added Hines Senior Managing Director Kevin Batchelor. “With exciting projects like The RIM multifamily development, our firm is meeting that request.”
Image courtesy of Hines