H-E-B to develop more retail space in North Central S.A.

SAN ANTONIO – The Market at Stone Oak shopping center will look a bit fuller by this time next year, and the driver behind the additional pad-site construction is none other than grocery company H-E-B.

H-E-B Development — the grocer’s arm that constructs, leases, and manages H-E-B anchored neighborhood, community, and regional shopping centers in Texas — will be starting $1.1 million worth of construction this May to build out more retail space at 23643 Wilderness Oak.

Currently, H-E-B is the anchor tenant for the shopping center, which is the location of the grocer’s first sit-down restaurant concept and an upscale 80,000-sf market, both of which debuted last year.

The Market at Stone Oak is part of a larger revitalization project H-E-B took on back in 2010. Its "Invest in Texas commitment" involved renovating existing stores and building new ones in an effort to contribute money and jobs to the local economy.

The Market at Stone Oak development is looking a lot like some recent real estate investment strategies being made in the North Central area.

An increasing number of outside investors are buying up older properties in the growing areas of San Antonio, and putting in some renovation capital to make the sites more upscale.