(To read more on the multifamily market, click here.)
SAN ANTONIO-A Brownsville, TX-based investment group ispreparing to turn 46 acres into a mixed-use development. The all-indevelopment cost is estimated at $500 million to $600 million.
Adrian Gracia, CEO and founder of CG Financial Group, says thefinal design for the as-yet unnamed development along La CanteraParkway should be done in a month. "After that," he says, "we canstart talking numbers and specific development." Gracia's firm hasjust gotten approval on a preliminary site plan from San AntonioCity Council.
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