San Antonio: 70-acre Donut Hole 'fills' Luckey | San Antonio: 70-acre Donut Hole 'fills' Luckey | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11466 | 2015-12-14T06:00:00Z | 2015-12-14T21:00:00Z |
SAN ANTONIO - San Antonio's Donut Hole has gotten its
filling with the sale of a 70-acre commercially zoned site in the Luckey Ranch
development. The land is the final component for the 610-acre project,
and the sale marks the end of The Kalikow Group's investment in the Far West
San Antonio community. The area known as the Donut Hole has room for 2,400 homes
across 540 residentially zoned acres. And with all of those rooftops,
commercial development is the next logical step. The 70-acre property at Loop 1604 with frontage along Hwy.
90 has been sold to a Texas-based company. Over the past three years, the Kalikow Group has sold all of
the available residential land, much of which was bought by Houston-based home
builder LGI Homes. While Kalikow may have bought the land to capitalize on the
growing demand for affordable, single-family housing, the master-planned
community's proximity to upscale housing developments in Far West San Antonio —
and the strengthening residential market there in general — has pushed average
home prices up to $155,000 to $260,000.
And as the city has seen among its other growing
submarkets, the combination of a growing population and rising home values puts
retailers next in line. | San Antonio Business Journal
| San Antonio-New Braunfels
| Mixed-Use
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