SAN ANTONIO – Transwestern Development Co. and Amstar, a Denver-based real estate investment manager acting on behalf of one of its public retirement system clients, will develop a multifamily project on a 2.3-acre development site just acquired in San Antonio.
The 229-unit infill development, known as Southtown Flats, will begin earthwork activities in January 2015 with the first units scheduled to deliver in the first quarter of 2016.
Located at 111 Probandt St., Southtown Flats is in close proximity to the San Antonio River Hike and Bike Trail, Blue Star Contemporary Art Museum and King William District.
Southtown Flats will be built in two five-story buildings surrounding a 4.5-level garage. In addition to stainless steel appliances, each unit will feature quartz countertops, gourmet kitchen islands, custom wood cabinets and private balconies.
” San Antonio is still early in its economic recovery and with strong renter demographics, we believe Southtown Flats will be a successful investment,” said Amstar Managing Director Daniel Cohen.
“We look forward to breaking ground on this luxury community,” said Transwestern Development Co. Associate Vice President Josh Delk.