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Hines to Build Its First Multifamily Project in San Antonio

SAN ANTONIO – Hines, the Houston-based international real estate firm, will develop a four-story, 380,000-SF multifamily project within The RIM retail power center in northwest San Antonio.

The development will be Hines’ first multifamily project in San Antonio and its eighth in Texas.

Located on 11.4 acres at the southwest corner of Worth and La Cantera Parkway in the northwest submarket of San Antonio, near Interstate 10 and Loop 1604.

“Hines is very familiar with The RIM, having owned the retail center since 2014,” said Hines Managing Director Chris O’Neill. “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.”

The project, designed by Meeks + Partners, will have units ranging from 682 to 1,479 SF.

Construction on The RIM multifamily project is slated to begin in the first quarter of 2018 with occupancy in spring 2019.

Oct. 30, 2017 Realty News Report Copyright 2017

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