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SAN ANTONIO, TX-Local developer Mitch Meyer will break ground here next spring for the second phase of a two-building residential and retail development along this city’s River Walk, a 2.5-mile cobblestone pathway lined with hotels, restaurants, sidewalk cafes and tour boat operators. The developer is locally based Mitch Meyer, a partner in the real estate firm Loopy Ltd.The project site is situated along the River Walk on Dwyer Avenue, about two blocks from the pathway’s downtown loop. The first phase, La Cascada, is under development and scheduled for compeltion by the end of 2005. The 12-story building will contain 46-unit luxury condominiums, most of which have been presold. The first phase also includes structured parking that will support both phases.The second phase, a 100-unit timeshare building, is slated for completion by late 2006. Fairfield Resorts of Orlando has a contract to acquire the project upon its completion, Fairfield’s project development director Rob Landry tells GlobeSt.com. Called Fairfield San Antonio at La Cascada, the tower will have 14,000 sf of street-level retail space that likely will be occupied by a restaurant and bar, convenience store, dry cleaning facility, gift shop, room service and concierge services, says Landry.The timeshare product will include one-, two- and three-bedroom units, as well as a select number of three- and four-bedroom presidential suites. All units will be furnished with fully-equipped kitchens, washer and dryer, audio and visual entertainment systems, whirlpool tubs and more. Common area amenities will include a rooftop swimming pool and sundeck, fitness center, computer library and multi-purpose room.Fairfield San Antonio at La Cascada will be Fairfield’s second timeshare resort in San Antonio. Riverside Suites, also a Fairfield property, is located on the River Walk north of La Cascada.

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