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  #1  
Old Posted Jun 14, 2013, 8:08 AM
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sirkingwilliam sirkingwilliam is offline
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San Antonio │ UTSA Development and Construction Thread

The LUXX │ Main Campus



San Antonio—Johnson Capital announces that Ron Davis, senior vice president in the firm’s Dallas office has arranged $18.64 million in joint venture equity financing for the construction of two new student housing developments located in San Antonio and Akron, Ohio. The developer is The NRP Group LLC (NRP), which recently commenced construction on the two projects with scheduled completion prior to the fall 2014 semester.

The San Antonio complex is called The Luxx. It will contain 212 units with 668 beds and cost $32 million to build. The 15.12-acre site is just east of the main University of Texas, San Antonio campus on the north side of UTSA Boulevard.

In Akron, NRP is building The Depot, a $37 million project that will contain 192 units containing 624 beds. The 3.3-acre site is located on the southwest boundary of the main University of Akron campus and is on the shuttle system.

Commenting on this transaction, Davis says, “These two transactions speak to our ability to bring together a top-five national multifamily developer with a private equity group to facilitate the development of top-tier assets. It is an example of the type of opportunities where we can add value for our development and capital clients.”

The equity capital was provided by a corporate investor that is looking to grow its portfolio.

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Old Posted Jun 14, 2013, 8:11 AM
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The Prado │ Main Campus


DALLAS, May 31, 2013 /PRNewswire/ -- Fountain Residential Partners has broken ground on three new student developments comprising almost 1,400 beds of housing. The "campus-adjacent" projects will serve The University of Texas – San Antonio, The University of Houston main campus, and The University of Minnesota – Twin Cities, and will begin leasing in the coming months for a Fall 2014 occupancy.

Fountain has become one of the most active student housing developers in the country having commenced construction on or completed almost 2,400 beds of new housing in seven walk-to-campus locations. The company recently received the Student Housing Business award for Best New Development (under 200 beds) in the nation for its industry leading design and execution.

The latest project, Prado, is located directly across the street from the UT - San Antonio campus on UTSA Boulevard and directly adjacent to The Block, a new food truck court experience and patio bar. Prado was designed with Spanish-inspired architecture and will accommodate 498 students and a 6,000 square foot restaurant fronting UTSA Boulevard. The 4 and 5 story development will provide excellent views of campus and offer unit and community amenities not present in the marketplace today. Executive Vice President Jon Clayton says, "We have been following this site, at one of the main entrances to campus, for several years. There simply is not a better location in the marketplace and we feel fortunate to be able to transform the property into a mixed-use community that the neighborhood, students, and the university will be proud of. It will definitely raise the bar for student housing at UTSA and matches the master plan vision for the future of UTSA Boulevard."

Raising the bar involves designs that provide students with best-in-class amenities with condo-like finishes such as keyless entry, open floor plans, granite countertops, stainless steel appliances, wood look flooring, 50" flat screen TV's with DVR's, European influenced furnishing, high end lighting, and wifi throughout. Prado's 10,000 square foot, two-level amenity center will provide for the fitness, study, and creature comforts of the student with the design elements of a high end hotel or spa. With the incorporation of a ground floor restaurant, Prado will provide the UTSA community with their first true mixed-use living environment.

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Old Posted Jun 14, 2013, 8:19 AM
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Update │ Park West │ Phase I













Last edited by sirkingwilliam; Jun 14, 2013 at 11:07 AM.
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Old Posted Jun 14, 2013, 11:13 AM
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sirkingwilliam sirkingwilliam is offline
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Student housing │ Downtown Campus




More student housing planned for downtown

Quote:
A pending land sale could lead to more housing options for college students wanting to live downtown.

City Council on Thursday unanimously approved the sale of a vacant lot near the University of Texas at San Antonio's downtown campus to a developer looking to build a mixed-use project that will include about 70 residential units.

The lot, in the 700 block of South Frio Street, was sold to Elmer's Icehouse LLC, which owns other adjacent properties, for $20,000.

Developer Michael Spencer plans a three-story building for the property. The ground floor will have about 21,000 square feet of space for retail. The top two floors will incorporate 30 to 40 apartments at about 500 square feet each. Pricing for those units will be about $1 per square foot.

Construction is expected to start within eight months.
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  #5  
Old Posted Oct 1, 2013, 8:44 PM
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sirkingwilliam sirkingwilliam is offline
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New images of The Luxx






















Amenities to be featured at The Luxx

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  #6  
Old Posted Oct 1, 2013, 9:55 PM
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The luxx lot has been under construction for what seems like 2 years now. I drive by it every day. It's definitely a pretty big site
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Old Posted Oct 1, 2013, 10:06 PM
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sirkingwilliam sirkingwilliam is offline
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Quote:
Originally Posted by 21bl0wed View Post
The luxx lot has been under construction for what seems like 2 years now. I drive by it every day. It's definitely a pretty big site
It was announced a few months ago though.
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Old Posted Oct 1, 2013, 10:07 PM
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sirkingwilliam sirkingwilliam is offline
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BABCOCK @ 1604 │ Main Campus
Construction of this student housing complex began last month.





Quote:
The project, currently called Babcock @ 1604, is a 198-unit, 590-bed student housing project located less than half a mile from the University of Texas at San Antonio. The 16-acre commuity will include 121 flats and 77 townhomes centered around a “town center”. The development will feature a mixture of two-, three- and four-bedroom units. The townhomes will include two-car garages.

The community will feature abundant green space and walking trails, and will be located near an upscale, open-air regional shopping center. Amenities will also include a resort-style pool, a dog park, fitness center, tanning bed, outdoor grilling area and firepit, a media/game room and basketball courts.
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  #9  
Old Posted Nov 1, 2013, 5:45 AM
adtobias adtobias is offline
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Wow Lots of development around UTSA area.
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Old Posted Mar 12, 2014, 8:44 PM
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Quote:
Originally Posted by 21bl0wed View Post
The luxx lot has been under construction for what seems like 2 years now. I drive by it every day. It's definitely a pretty big site
Yeah, it definitely is. I drove by today and it's a very noticeable set of buildings. You can see it clearly from across I-10.



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  #11  
Old Posted Mar 12, 2014, 8:48 PM
WorldTexas WorldTexas is offline
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The Prado is also moving along nicely and UTSA is wrapping up what looks like their last new building for the time being. The Main Campus has changed a lot.

I didn't have time to get out of the car today, so please excuse the glare and bad angles.





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  #12  
Old Posted Apr 19, 2014, 11:08 AM
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New rendering for The Prado student housing development currently under construction across from UTSA's Main Campus on the far northwest side.


It's also across the street from The Block, a popular food truck park.


The Prado is one of three large student housing developments under construction at the UTSA main campus.

The other two being:

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  #13  
Old Posted Apr 19, 2014, 7:55 PM
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They're building a Taco Cabana and a Pollo Tropical (a caribbean-esque fast food place that will be, I think, new to the S.A. market) at Chase Hill and 1604 behind the convenience store.
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  #14  
Old Posted May 19, 2014, 3:53 AM
jman3000 jman3000 is offline
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rode past the luxx and prado today on a bike ride. Prado's shell is pretty much complete with the 6 story concrete section and the wooden frame of the 4 story section pretty much done. Looks like they just started construction of the parking garage.

The luxx looks as if it's pretty close to being done. I took some pictures and will UL them tommorow.
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