825 Grayson satisfies Pearl’s lackluster for-sale housing deficit825 Grayson satisfies Pearl’s lackluster for-sale housing deficithttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=134802016-06-09T05:00:00Z2016-06-09T18:00:00Z

​SAN ANTONIO - Thousands of apartments have come online since Can Plant at the Pearl set the stage for one of the city’s fastest-growing residential markets. 

Homebuyers, on the other hand, have far fewer options if they want to plant roots in the area. 

That looks like it’s starting to change.

The developer behind the nearly half-acre site at 825 Grayson—roughly four blocks to the east of Pearl—has plans to break ground this week on a 14-unit townhome complex.

The units at 825 Grayson will be two-and three-bedroom townhome units starting at roughly 1,440 sf. Each one will include features such as modern construction, high-end finishes and rooftop decks.

The developer said he is targeting a starting point in the mid-$300,000s, a level slightly below some of the other rooftops making their way up in the area.

Other single-family developments in the submarket’s pipeline include SoJo Crossing, a 27-unit project at 818 E. Myrtle St. Prices there are starting at $400,000 per unit, and Steve Yndo—a principal with SoJo Urban Development LLC—said the development is now 70 percent sold and that work will wrap up by the beginning of next year.​

San Antonio Business Journal
San Antonio-New Braunfels

​S​ee San Antonio Multifamily Market Research.​

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