San Antonio: sun sets on 190-acre sale to Southerland CommunitiesSan Antonio: sun sets on 190-acre sale to Southerland Communitieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=116952016-01-08T06:00:00Z2016-01-08T15:00:00Z

​SAN ANTONIO - Southerland Communities is another addition to Northwest San Antonio's development momentum, especially now that it has closed on an additional 190 acres for its The Canyons at Scenic Loop community.

The land will serve as an addition to the current 240-acre community, which offers homesites starting at $200,000 and touts average home values ranging between $750,000 and $1 million.

The community developer typically plans acreage-style communities, which means that roughly 150 to 200 homes will manage to fit on the 190-acre site.

The upscale residential community developer finalized the sale for a tract of land northwest of the Dominion. The seller was McAlister Opportunity Fund 2014 LP.

Of the 680 acres the fund originally owned, roughly 400 to 450 acres are left, and McAlister is in discussions with Southerland Communities to purchase the remaining land.

Transaction velocity in Northwest San Antonio hit a high note in the last few days of 2015, with development plans on those sold sites expected to provide a continued boost to the area's construction pipeline.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2016/01/07/southerland-communities-closes-on-190-acres-in-nw.htmlRead more at the {Source}

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