Real estate development in San Antonio seems to happen in bunches and right now there’s a bunch of new condominium projects going up downtown and near downtown.
My husband and I are looking forward to moving downtown when the kids graduate from high school and move out of the house (no pressure kids!). So we’ve been touring some of these condo projects.
We really like the Vidorra. The tower rises rather unexpectedly east of IH-37 at Commerce Street. The 20-story development contains 146 condo units. Amenities include an outdoor pool, fitness center and spa room, and a business center with FAX and copy machines. The front counter is staffed 24 hours per day and there is free coffee in the lobby. (My mother will probably visit just for this.) There is also a nice outdoor patio on the 20th floor for resident use. Parking is in an adjoining 4-story parking garage.
The condos start at $255,900 for a one-bedroom unit plus there is a $0.27 per square foot per month homeowner’s association fee. The condo interiors are finished with the materials usually promoted on HGTV including granite countertops, stainless steel appliances, separate shower and tubs, and huge walk-in closets. The surrounding area doesn’t have the restaurant and shopping density of Southtown but Aldaco’s and Spaghetti Warehouse are nearby. And you can quickly get to the heart of downtown on the trolley that stops outside the front door. As of July 24 the sales director emailed us that 45 units had been sold.
The Broadway is another new highrise condominimum tower located at the corner of Hildebrand and Broadway where Earl Abel’s used to stand. They don’t have units completed to tour yet but my husband and I checked out the sales center one Sunday afternoon. The project turned out to be out of our price range so we haven’t done any additional research. Units start at $495,000 with a $.53 per square foot monthly homeowner fee. Planned amenities include underground parking, pool and spa, outdoor kitchen and fireplace, yoga and pilates studio, business center, and a common media room. The project is located across the street from The University of the Incarnate Word and is a few blocks from HEB Central Market.
Another development I like is the Lone Star Brewery south of downtown. I have fond memories of visiting the Brewery with my parents back in the 1970’s. We would tour the Hall of Horns and Fins, drink a cold root beer at the bar, and go for a swim in the really big pool. Surprisingly most of the buildings are still intact including the mural of San Antonio events. The project has quite a few positive selling points. The new southern Riverwalk extension borders the project. Condo units are priced starting at $124,900, far below comparable units. The 22-acre site is located near Southtown amenities but with a relaxed rural feel. It’s easy to imagine sitting outside the biergarten with friends every afternoon. And each unit comes with a year’s supply of beer.
Despite these advantages the project appears to have stalled after a flurry of sales activity in early 2009. I recently drove by the site and there wasn’t any signs of construction going on inside the locked gates.
Mural at the Lone Star Brewery
Edited on July 31, 2009: web links added