SAN ANTONIO–The PPA Group will break groundthis summer on a 150-unit class A multifamily project. Theproperty, to be named The Lookout at ComancheHill, is located on an infill site on Nacogdoches Road.The project's development cost was not disclosed.
The Lookout will go up in the dense San Antoniomarket, where new development is nearly non-existent. Many otherdevelopers need to look further outside the city for developmentsites.
“There are maybe a small handful of new multifamily propertiesbuilt in the last few years and based on Institutional PropertyAdvisors Texas' research, there are no other new developmentsplanned for the area,” Jessica Lee-Wen, marketingdirector tells GlobeSt.com. “There are a couple older propertiesgoing through rehab but nothing new. Ours will be the newest for along time. This is the beauty of our infill location."
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