SAN ANTONIO—SWBC Real Estate LLC, recently purchased nearly 29 acres of land within the Alamo Ranch master-planned community, on the west side of San Antonio. The company will develop two class A multifamily properties, in two separate phases, at this location.
The first phase of the project, Twin Creeks at Alamo Ranch, will consist of 300 units on approximately 17 acres. Construction is scheduled to begin on this phase by mid-summer. The development of the second phase will depend on the supply and demand of new multi-family units in the area. At total build-out, the site is projected to contain about 525 units.
“The Westover Hills area, just a few miles from the site, is exploding with all types of growth,” said Stuart Smith, SVP, SWBC Real Estate. “It is home to some of the largest employment centers in San Antonio with many high profile companies. Additionally, the recently purchased land is located just one block south of the 950,000 square foot Alamo Ranch Marketplace development which includes numerous retailers and restaurants. Twin Creeks will attract many young professionals and families looking for first-class amenities, within a good school district, and in close proximity to employment centers.”
Twin Creeks will be comprised of one-bedroom, two-bedroom, and three-bedroom units. Tenants will enjoy a ranch-themed clubhouse with a resort-style pool and spa, outdoor gathering areas and grills, direct access or detached garages, a private entrance gate system, a car wash, and a state-of-the-art fitness center.
The proposed construction time for phase one of Twin Creeks at Alamo Ranch from start to finish is 18 months. Leasing for the units is planned to begin in the first part of 2015.
SWBC Real Estate, LLC is owned by SWBC Enterprises, Ltd. SWBC Real Estate is managed by an experienced team of real estate professionals located in Dallas, with a primary focus in multifamily development.