Posted Dec 3, 2017, 1:44 PM
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Loving SA 365 days a year
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Join Date: Feb 2007
Location: San Antonio
Posts: 3,891
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HINES THE RIM MULTIFAIMLY DEVELOPMENT │FOUR FLOORS
Hines, in partnership with meeks + partners, is developing its first san antonio multifamily property, a four-story luxury development within the rim, a 1.8 million-square-foot mixed-use development. Construction is set to begin in the first quarter of 2018 with occupancy in spring of 2019.
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Hines, a houston-based real estate firm that is the dominant landowner at the rim, plans to build a four-story luxury apartment complex at the shopping center.
The 384-unit, 11.4-acre complex will be hines’ first multifamily project in san antonio and its eighth in texas, according to a news release. Hines has accumulated roughly 140 acres of land at the rim since 2014, with 1.2 million square feet of retail space.
“when we found the opportunity to pursue a multifamily development within the rim community, we jumped at it,” hines’ managing director chris o’neill said in the release. “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.”
the complex will include a clubhouse, fitness center, yoga studio, pool, game room and a dog park, according to the release. It will be connected to the rim’s shops with “pedestrian-friendly streetscapes,” the release says.
Houston-based architecture firm meeks + partners is the design architect for the project.
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