564 acres | the orchard
TRANSCRIPT
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
SEA WORLDSEA WORLDSAN ANTONIOSAN ANTONIO
±564 ACRES | THE ORCHARDHWY 90 & STATE HIGHWAY 211, SAN ANTONIO, TEXAS 78245
90
1604
211
NORTHJ
BRIGGS BRIGGS RANCHRANCH
THE ESTATES AT THE ESTATES AT BRIGGS RANCHBRIGGS RANCH
THE MANSIONSTHE MANSIONS AT BRIGGS RANCH AT BRIGGS RANCH
BLUE SKIES BLUE SKIES OF TEXASOF TEXAS±564 ACRES
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
2.18.20
THE ORCHARD / SITE OVERVIEW
410
410
35
35
35
10
10
10
281
281
37
90
90
87
1604
1604
1604
1604
N
151
SAN ANTONIO
SOUTH TEXASMEDICAL CENTER
CAMP BULLIS
JOINT-BASELACKLAND
FORTSAM HOUSTON
POTRANCO RD
THE LARGEST UNTOUCHED MAJOR THE LARGEST UNTOUCHED MAJOR INTERSECTION IN WEST SAN ANTONIO. INTERSECTION IN WEST SAN ANTONIO.
LOCATED AT THE HARD CORNER OF LOCATED AT THE HARD CORNER OF HWY 90 AND STATE HWY 211HWY 90 AND STATE HWY 211..
THE ORCHARD
HWY 211 EXPANSION
211
Address US Hwy 90 & State Hwy 211San Antonio, Texas 78245
Available ±564 acres
Zoning Outside City Limits - ETJ
Traffic Count ±15,500 vpd | State Hwy 211 ±50,000 vpd | Hwy 90
Asking Price Call for pricing
Utilities Available to site*
*Prospective buyers should retain an independent engineer to verify the location, accessibility and capacity of all utilities.
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
THE ORCHARD / PROPOSED USE
THE ORCHARD THE ORCHARD COMMERCIAL
RETAILPADS
MULTIFAMILYTOWNHOMES
564 ACRE MASTER PLANNED COMMUNITY 564 ACRE MASTER PLANNED COMMUNITY
• Located in the fastest growing region in San Antonio; Hwy 90 & SH 211
• In close proximity to the Golf Club of Texas and across from Briggs Ranch
• Proposed multi-use: retail, office, commercial, multi-family and single family
• Medina Valley Independent School Disrict
• CPS electricity and SAWS water and sewer
• Zoned ETJ / Outside city limits
• Major employers within 15 minutes
• 50,000 vpd along Hwy 90 / 15,500 vpd along State Hwy 211
• Nearly two miles of frontage on Hwy 90 & Hwy 211
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
THE ORCHARD / AERIAL VIEW
1604
90
410
151
J
NORTH
POTRANCO RDPOTRANCO RD
211
BRENNAN HIGH SCHOOL
STEVENSHIGH SCHOOL
TALLEY RD
TALLEY RD
STEVENS RANCH SHOPPING CENTER
THE SHOPS AT DOVE CREEK
STATE HW
Y 211
STATE HW
Y 211 EXPANSION
EXPANSION
±564 ACRESTHE ORCHARD
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
THE ORCHARD / TRADE AREA RESIDENTIAL LOT GROWTH
90
1604
151
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Date: Nov 16, 2018 7:14:09 AM User: eposey File: O:\users\EPosey\GIS\WEST BEXAR MDP EXHIBIT\6445-20_West_Bexar_MDPs.mxd
SHEET
NO. REVISION DATE
JOB NO.
DATE
DESIGNER
DRAWNCHECKED
PLAT NO. WEST BEXAR COUNTY
MASTER DEVELOPMENT PLAN1
0000-00
TD EP
TD
--
REDBIRD NORTH
REDBIRD RANCH5,403 HOMES
STEVENS RANCH4,826 HOMES
FOX OAK
GORDON’SGROVE
MONTICELLORANCH
WESTCREEKWEST
WESTPOINTE EAST
WESTCREEK OAKS ROYAL
WESTON OAKS
1,346 HOMESCOOL CREST
BELLA VISTA
709 HOMES
LADERA2,474 HOMES
BRIGGS RANCH2,000 - 3,500
HOMES
STONE HILL1,460 HOMES
AIR FORCEVILLAGE
RETIREMENT HOMES
SUNDANCE405 HOMES
LEGACY TRAILS
THE HEIGHTS OF WESTOVER
HILLS
AMHURST
DOVE CREEK
LAUREL MOUNTAIN RANCH
CHAMPIONS PARK
928 HOMES
OLSON928 HOMES
CHAMPIONS PARK II
500 HOMESHILLCREST
849 HOMES
HARLACHFARMS
500 HOMES
WESTPOINTEGARDENS
578 HOMES
BIG COUNTRY
BIRCHFIELD
VILLA DEL
LAGO
BIG ELK
FIVEFORKS
VALE
WOLF CREEK
WOLF HOLLOW
BIG COUNTRY SUBDIVISION
HERITAGE PARKCAROCOL
BUCK PARK
ARCADIA RIDGE
2,544 HOMES
TEXAS RESEARCH
PARK780 HOMES
±564 ACRESTHE ORCHARD
THE ESTATES ATBRIGGS RANCH
450 APARTMENTS
THE MANSIONS AT BRIGGS RANCH
350 TOWNHOMES
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
THE ORCHARD / FUTURE DEVELOPMENT
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
THE ORCHARD / UTILITIES
UT8"
8"
16"
US HWY 90 W
STATE H
WY 211 S
MAS
TER
SON
RD
MANSIONS BLFS
24"
24"
16"
24"
8"24
"
24"
24"
16"
TThhee OOrrcchhaarrdd TTrraacctt
0 975 1,950487.5Feet
±
Attachment III:USA-23033"The Orchard" TractProposed Water Infrastructure Map564 Acres
This utility map is for reference only. The information maynot represent what actually has been constructed.SAWS explicitly disclaims any representation of the accuracyof the information on this map. SAWS assumes no liability forany errors, omissions, or inaccuracies in the map regardless ofhow caused. Field verification should be done as necessary. SAWS prohibits the reproduction or sale of this document. This SAWSutility map may not under any circumstances, be copied, reproduced,or published in any form or media, or transferred to another withoutthe written permission of the San Antonio Water System (SAWS).
SAWS UTILITY MAP DISCLAIMER
Project Location
LegendParcels Update
USA Tract
Existing Water Main
Proposed 16-inch(Oversized to 24-inch)Water Main
Job No. 18-1018
Job No. 12-1367
Stub-out
Future Meadow Springs Facility
Tract is Located:-Within the 5-mile JBSA Buffer Zone
Phase IApproximately 1,150 LF of oversized 24-inch main
Phase IIApproximately 5,700 LF of oversized24-inch main
Phase 1Approximately 9,300 LF of oversized24-inch main
564 Acres
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
RADIUS 1 MILE 3 MILE 5 MILE
POPULATION
2024 Projection 2,127 18,153 63,558
2019 Estimate 1,963 16,881 58,106
2010 Census 1,456 13,496 39,780
Growth 2019-2024 8.35% 7.54% 9.38%
Growth 2010-2019 34.82% 25.08% 46.07%
HOUSEHOLDS
2024 Projection 652 6,064 21,196
2019 Estimate 603 5,626 19,368
2010 Census 452 4,366 13.036
Growth 2019 - 2024 8.13% 7.79% 9.44%
Growth 2010 - 2019 33.41% 28.86% 48.57%
Owner Occupied 567 4,446 15,394
Renter Occupied 37 1.179 3,973
HOUSEHOLD INCOME
2019 Avg Household Income $126,184 $105,252 $103,228
2019 Med Household Income $118,794 $93,415 $88,771
NO. OF BUSINESSES NO. OF EMPLOYEESRADIUS 1 MILE 3 MILE 5 MILE 1 MILE 3 MILE 5 MILE
TOTAL BUSINESSES 8 181 703 162 1,535 6,914
Retail 0 20 96 0 146 2.041
Wholesale 0 3 13 0 22 66
Hospitality & Food Service 0 11 46 0 127 844
Real Estate, Renting, Leasing 0 8 45 0 27 163
Finance & Insurance 1 9 48 3 28 211
Information 0 2 8 0 32 73
Scientific & Technology Services 0 10 45 0 34 239
Management of Companies 0 0 1 0 0 3
Health Care & Social Assistance 1 14 84 1 82 328
Education Services 3 12 26 153 601 1.332
Public Administration & Sales 0 1 3 0 40 63
Arts, Entertainment, Recreation 0 6 20 0 53 124
Utilities 0 0 0 0 0 0
Admin Support & Waste Management 0 11 33 0 53 124
Construction 2 47 125 3 147 429
Manufacturing 0 7 19 0 79 278
Agriculture, Mining, Fishing 1 1 6 2 2 11
Other Services 0 19 85 0 63 560
Source: CoStar
THE ORCHARD / DEMOGRAPHICS
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
Boeing to add 500 San Antonio jobs to rehab Hornet fighterRandy Diamond Aug. 27, 2019 Updated: Aug. 27, 2019 7:45 a.m.
Newly built Boeing 737 Max aircraft are seen in an aerial image Saturday, June 29, 2019 at Boeing's Kelly Field maintenance facility in San Antonio. Boeing will add 500 jobs at its facility at Port San Antonio over the next several years.Photo: William Luther, Staff photographer
Boeing will add 500 jobs at its facility at Port San Antonio over the next several years as it begins to modernize the Navy’s Super Hornet fighter jets, company officials announced Monday.
The aerospace company employs 900 workers at its San Antonio maintenance operation.
“This means a lot for San Antonio,” said Sen. John Cornyn, who attended a ribbon-cutting ceremony Monday at Port San Antonio, the former Kelly Air Force Base. “These are good jobs that will pay well.”
Cornyn, Mayor Ron Nirenberg and Boeing officials cut a ribbon on a Super Hornet jet that is being rehabbed at the facility.
Cornyn said he grew up in San Antonio and remembers when Kelly AFB was closed in 2001. “There was a collective groan,” he said, “and a lot of despair over what would happen to the great jobs that were created at Kelly.”
Just how well the new jobs will pay, Boeing won’t say. Jay Galloway, Boeing’s San Antonio site leader, said Boeing will need a variety of workers — from engineers to mechanics — and will be looking for employees in San Antonio as well as conducting a national search.
Boeing’s initial $164 million contract with the Navy is for one year, but contract extensions could continue for more than a decade. Boeing could earn more than $1.5 billion for the work at its San Antonio maintenance facility.
Galloway said Boeing expects to rehab up to 32 of the fighter jets a year, extending their life from 6,000 flight hours to 10,000 hours. The jets can carry air-to-air and air-to-surface missiles.
Another eight Super Hornet jets would be rehabbed each year at the company’s facility in St. Louis, where the jets are manufactured. Boeing received a $4 bil-lion contract from the Navy in March to build new Super Hornet jets at the St. Louis facility.
Galloway said in the second phase, which won’t begin for several years, Boeing would add advanced communications and weapon systems as well as improve the plane’s fuel mileage systems.
The Navy has 550 Super Hornet jets in its fleet.
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
Boeing to add 500 San Antonio jobs to rehab Hornet fighterRandy Diamond Aug. 27, 2019 Updated: Aug. 27, 2019 7:45 a.m. (continued)
“Many of the (jets) exceed their 6,000 (hour) mark but are still flying,” said Navy Lt. Commander John Thiessen, who is in charge of the Hornet program. He said the fighter jet was introduced in the Navy fleet in the early 2000s.
Thiessen said the rehab could extend the life of the fighter jets for more than a decade because the average Super Hornet fighter jet logs around 250 hours a year.
Galloway said the rehab will fix a number of issues on the plane.
“There are structural issues, corrosion, normal wear and tear,” he said. “We’re going to strengthen all the structures.”
Each plane will be at the San Antonio facility for 10 months to a year, he said.
Boeing’s military division is a bright spot for the company. In July, Boeing reported a second-quarter loss of almost $3 billion as the company continued to feel the impact of the grounding of its 737 Max aircraft after two deadly crashes. The Max isn’t expected back in service until late this year or early next year at the earliest.
Boeing’s military arm, known as Space & Security group, reported net revenue of $6.6 billion for the second quarter, up 8 percent from the same quarter a year earlier.
Galloway said work actually began last month at the San Antonio facility on the first fighter jet, even though the ceremony was Monday. He said six jets should be rehabbed in the next federal fiscal year, which start Oct.1. The ramp-up to 32 planes a year will take several years.
He said the San Antonio facility could see more than 400 fighter jets rehabbed over the next decade. San Antonio was chosen over St. Louis for most of the rehab work, he said, because “they have very limited capacity” in St. Louis.
Boeing opened its San Antonio facility in 1998 and leases 1.6 million square feet of buildings and hangar space. The facility has been nest known for its work modifying the C-17 GlobeMaster III cargo plane.
Randy Diamond covers energy and manufacturing in the San Antonio and Bexar County area. Read his stories and more local coverage on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | [email protected]
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
San Antonio sees record year for home salesBy Ryan Salchert – Reporter, San Antonio Business Journal / Jan 16, 2019, 12:57pm EST
San Antonio experienced another record-setting year for single-family home sales, according to the San Antonio Board of Realtors. THORSON HOMES
San Antonio experienced another record-setting year, as single-family home sales, median sale prices and average sale prices set all-time highs in 2018, according to the San Antonio Board of Realtors.
The number of home sales in 2018 was 32,140, nearly 1,500 more — a 4 percent increase — than in 2017. The average sales price of a home in the area also increased 4 percent year over year to $259,571 from $250,251 in 2017. The median sales price rose 5 percent to $225,600, up from 2017's $214,300. Both prices remained over $200,000 all year.
“We have seen the numbers maintain a constant rise throughout 2018, so it is no surprise it was another record-breaking year for our city,” Grant Lopez, SABOR’s 2019 chairman, said in a statement. “While inventory has remained tight, hovering between 3.2 and 3.6 months, it has not discouraged buyers from getting into the market.”
SABOR reported year-over-year increases in total sales during every month in 2018 except September and December. The most significant increase was in April, which saw a 17 percent increase. Inventory continued to favor sellers, with months of inventory reaching its lowest points in January and December at 3.2 months. At its lowest, the number of days a home spent on the market fell to 49 days in July, while February saw the year's highest mark at 69 days on the market.
Homes priced from $200,000 to $500,000 made up 55.2 percent of sales in 2018, a 5.4 percent increase from 2017. Homes priced under $200,000 accounted for 39.2 percent of the year’s market. Homes priced over $500,000 accounted for 5.6 percent of the year’s sales.
“Even though prices have risen, San Antonio’s housing market continues to be among the most affordable of the large cities in the state. That affordability combined with job growth across many industries like tech, medical and military make this a desirable place to buy and sell property,” SABOR President and CEO Gilbert Gonzalez said in a statement.
Sales across Texas also reported moderate growth in 2018. Sales increased 1.9 percent year over year for a total of 320,760 homes sold in the state, while the median price of a home sold rose to $235,000, a 4.4 percent increase.
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
Weingarten Realty breaks ground on Far West Side retail developmentBy Ryan Salchert – Reporter, San Antonio Business Journal / Apr 11, 2018, 12:32pm CDT
The retail portion of Stevens Ranch, a 2,400-acre master-planned community on San Antonio's Far West Side, finally broke ground after being in the works for well over a decade.
Work is underway on a 25-acre retail plot at the corner of Potranco Road and Stevens Parkway across from a 26-acre plot owned by H-E-B. The retail site will feature a nearly 20,000-square-foot retail shell along with five pad sites of about an acre each and a massive 18.3 acre pad site.
The first phase of the project, being developed by Houston-based REIT Weingarten Realty, will be the 20,000-square-foot retail shell, which broke ground in February. Supercuts, Smilepoint Dental Group and Quarry Nails have already signed leases.
Weingarten is developing and leasing the property. The retail shell, along with some initial pad sites, which are both for sale and for lease, are expected to be delivered by this fall. According to a document submitted to the Texas Department of Licensing and Regulation, the retail shell will cost an estimated $3 mil-lion.
The project team currently consists of general contractor Fulcrum Construction, architect Luna Middleman Architects, civil engineer Pape Dawson Engineers and landscape architect Rialto Studio. Along with the 25 acres of planned retail, Weingarten is also advertising 94 acres of land just north of the land owned by H-E-B. According to Weingarten's Regional Director of Development John Anderson, there has been interest in the land from a few different users.
Pictured is a rendering of the retail portion of Stevens Ranch, a 2,400-acre master-planned community of San Antonio’s Far West Side, which has been in the works for well over a decade, has finally broken ground.
The retail site will feature a nearly 20,000-square-goot retail shell along with five pad sites of about an acre each and a massive 18.3 acre pad site. It is being developed by Houston-based REIT Weingarten Realty.
On San Antonio’s Far North Side, at the corner of U.S. High-way 281 and Wilderness Oaks may eventually lie the The Shoppes at Wilderness Oaks. Weingarten says the project is still in its planning stages.
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
Anderson says the retail development presents opportunities for many kinds of tenants to prosper, as the area grows in need of additional retail options.
"Stevens Ranch will offer a great mix of national, regional, and local retailers serving the west San Antonio submarket and we have a few remaining opportu-nities for retail and pad sites available. The ... master-planned community offers a great opportunity for many different uses that will benefit from this regional location and the intersection of Highway 211 and Potranco (Road) where there is currently a retail void. The area already has several major employers from Citibank, the Texas Research Park and Microsoft’s data center, and is in close proximity to Lackland Air Force Base. These major employers coupled with the increasing housing and population growth in the area increase the demand for nearby retailers and restaurants in this underserved community," wrote Ander-son.
Weingarten is also planning to eventually develop into a retail center in another side of town. On San Antonio's Far North Side, at the corner of U.S. Highway 281 and Wilderness Oaks may eventually lie The Shoppes at Wilderness Oaks. While Weingarten says the project is still in its planning stages, a conceptual site map on the company's website says the shopping center could feature a 20,000-square-foot retail shell along with five pad sites, which range from 36,710 square feet to 49,504 square feet.
Weingarten Realty breaks ground on Far West Side retail developmentBy Ryan Salchert – Reporter, San Antonio Business Journal / Apr 11, 2018, 12:32pm CDT (continued)
Since Stevens Ranch was first reported on over a decade ago, Weingarten has always stated that the project would be a long-term play, dependent on how fast the area grew. Now, Anderson says this is the right time.
"There has been tremendous housing and population growth in this west San Antonio submarket over the past couple of years," wrote Anderson in an email. "The population now justifies new retail development, and with the expansion of Potranco (Road) and the pending extension of (Texas Highway 211), we decided the time was right to kick off phase one of this retail development."
ERIC LUNDBLAD, CCIM210.918.6402 [email protected]
The information contained herein is believed to be accurate but is not warranted, as the information may change or be updated without notice. Seller or Landlord makes no representation as to the environmental condition of the property and recommends purchaser’s or tenant’s independent investigation.
KIT CORBIN210.918.6390 [email protected]
H-E-B to open new store on the far West SideBy Madison Iszler Updated 8:12 am CDT, Wednesday, October 9, 2019
H-E-B is planning to open a store on the far West Side — a fast-growing slice of Bexar County.
The $15.4 million, 111,553-square-foot store and parking lot will be built at 14325 Potranco Rd., according to a filing with the Texas Department of Licensing and Regulation (TDLR).
Spokesperson Julie Bedingfield confirmed the San Antonio-based retailer is adding a store in the area and said it expects to break ground early next year. Construction is anticipated to wrap up in June, the TDLR filing indicates.
The site is at Potranco Road, Texas 211 and Stevens Parkway. H-E-B bought 26 acres at the inter-section in 2017 from subsidiaries of Houston-based Weingarten Realty. Nearly 24 of those acres received an agricultural appraisal; the land’s market value is $4.2 million but its appraised value is $2,050, according to the Bexar Appraisal District.
Weingarten is working on a 2,400-acre master-planned community at the intersection called Stevens Ranch, and site plans show an H-E-B store.
The firm’s regional director of development in 2017 said Weingarten was trying to finalize a deal with a grocery chain to build on the land but declined to name the retailer.
H-E-B is also planning to construct two retail buildings and a parking lot at Potranco Road and Texas 211 as well as a gas station and car wash, other TDLR filings indicate.
Bedingfield said the retailer will be leasing retail space but didn’t elaborate, noting more details would be available in the coming months.
Activity on the far West Side slowed in the wake of the housing crisis, but investors are expecting the area to become San Antonio’s next hot spot. They point to its attractive school districts, new housing, lack of environmental regulations that limit development on the far North Side and upgrades expanding and extending the local highways.
There’s plenty of land and lots, drawing people farther out, said Jack Inselmann, regional director at Metrostudy, an analytics firm that assesses the local mar-ket.The number of new homes started in the area has risen from 600 to 1,500 over the last eight years, he said.
“It’s continued to grow over the last few years and it’s moving at a pretty good pace right now,” he said.
H-E-B confirmed it is planning to open a new store on the far West Side.
11-2-2015
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informa on about
brokerage services to prospec ve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage ac vi es, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informa on about the property or transac on received by the broker; • Answer the client’s ques ons and present any o er to or counter-o er from the client; and • Treat all par es to a real estate transac on honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:
• Must treat all par es to the transac on impar ally and fairly; • May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. • Must not, unless speci cally authorized in wri ng to do so by the party, disclose:
that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con den al informa on or any other informa on that a party speci cally instructs the broker in wri ng not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s du es and responsibili es to you, and your obliga ons under the representa on agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No. Email Phone
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate
License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Regulated by the Texas Real Estate Commission
Buyer/Tenant/Seller/Landlord Initials
Informa on available at www.trec.texas.gov IABS 1-0
Date
Endura Advisory Group, GP, LLC 581037 [email protected] (210) 366-2222
James G. Lundblad 337803 [email protected] (210) 366-2222
James G. Lundblad
Eric Lundblad
337803
584796
(210) 366-2222
(210) 366-2222
11-2-2015
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informa on about
brokerage services to prospec ve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage ac vi es, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informa on about the property or transac on received by the broker; • Answer the client’s ques ons and present any o er to or counter-o er from the client; and • Treat all par es to a real estate transac on honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wri en lis ng to sell or property management agreement. An owner's agent must perform the broker’s minimum du es above and must inform the owner of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wri en representa on agreement. A buyer's agent must perform the broker’s minimum du es above and must inform the buyer of any material informa on about the property or transac on known by the agent, including informa on disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the par es the broker must rst obtain the wri en agreement of each party to the transac on. The wri en agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obliga ons as an intermediary. A broker who acts as an intermediary:
• Must treat all par es to the transac on impar ally and fairly; • May, with the par es' wri en consent, appoint a di erent license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instruc ons of each party to the transac on. • Must not, unless speci cally authorized in wri ng to do so by the party, disclose:
that the owner will accept a price less than the wri en asking price; that the buyer/tenant will pay a price greater than the price submi ed in a wri en o er; and any con den al informa on or any other informa on that a party speci cally instructs the broker in wri ng not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transac on without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner rst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s du es and responsibili es to you, and your obliga ons under the representa on agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This no ce is being provided for informa on purposes. It does not create an obliga on for you to use the broker’s services. Please acknowledge receipt of this no ce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No. Email Phone
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate
License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Regulated by the Texas Real Estate Commission
Buyer/Tenant/Seller/Landlord Initials
Informa on available at www.trec.texas.gov IABS 1-0
Date
Endura Advisory Group, GP, LLC 581037 [email protected] (210) 366-2222
James G. Lundblad 337803 [email protected] (210) 366-2222
James G. Lundblad
Kit Corbin
337803
223197
(210) 366-2222
(210) 366-2222