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San Antonio 201-unit Villita Tower to iconic River WalkSan Antonio 201-unit Villita Tower to iconic River Walkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=125162016-03-17T05:00:00Z2016-03-17T17:05:00Z

​SAN ANTONIO - JMJ Development is sourcing $47 million in debt and equity for the construction of Villita Tower at 120 Villata St.

The 30-story, 201-unit, market-rate multifamily residential development is soon planned for this supply-constrained metro. Villita Tower capitalizes on the tight rental market of San Antonio.

Once completed, Villita Tower will house a mix of market-rate rental studios and one- and two-bedroom pads. 

The property will provide tenants with automated parking for up to 2​30 cars.

Additionally, there will be 12,000 sf of commercial space, which will house three restaurants and a coffee shop

Right at San Antonio’s iconic River Walk on the San Antonio River, the tower will have commanding views of the downtown cityscape.

Villita Tower has a 24-month construction timeline, which will commence once financing is secured.

San Antonio is the seventh largest city in the country, and like the other major Texas MSAs, has been putting up strong numbers in job growth, ranking 10th fastest city in jobs growth at 3.2 percent this past year. San Antonio unemployment sits at only 3.9 percent.​​​

Also see the​​ Commercial Observer.
GlobeSt.com
San Antonio-New Braunfels
Multifamily
http://www.globest.com/sites/lisabrown/2016/03/14/river-walk-location-sets-the-stage-for-high-rise-project/Read more at {Source}

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