SAN ANTONIO – Crow Holdings Capital Partners San Antonio’s first urban main street development, Quarry Village, for an undisclosed amount. The 10.7-acre, mixed-use property includes The Artessa, a 280-unit luxury apartment community, and a 70,785-square-foot retail development.
The seller, Embrey Partners of San Antonio and equity partner, Nationwide Insurance, was represented by Craig LaFollette of Holliday Fenoglio Fowler. At the time of sale, the apartment community was 98.5 percent occupied and the retail development, with completion of current tenant finish work and leases under negotiation, will be 90 percent leased by year-end.
Embrey developed the project in the old Alamo Cement quarry, which has been developed.
“We spent four years from concept to ground breaking as we looked for the highest and best use for this amazing piece of property – the very last tract in the redevelopment of the old Alamo Cement quarry,” said Jeff Booth, Embrey Partners senior vice president of development.