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349-Unit Agave apartments setting the bar for SA market349-Unit Agave apartments setting the bar for SA markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=143962016-08-31T05:00:00Z

​SAN ANTONIO - Construction at the Agave complex is still wrapping up, and the development is already on the market and expected to attract deep-pocketed investors. 

The 349-unit apartment complex has attracted tenants from young professionals to corporate executives to empty-nesters—all wanting to be part of San Antonio's rising urban scene.

The midrise complex is on a 4.19-acre parcel at the corner of South Saint Mary's St. and East Cesar E. Chavez Blvd., just a short walk from the downtown H-E-B and the rising number of employers leasing space in downtown San Antonio.

But while Southtown is becoming a desirable place to be among investors, there isn't enough of the type of product available.

The combination of that scarcity and the quality of Agave will likely yield the highest selling price San Antonio's multifamily market has seen—especially for that up-and-coming urban area.

And it's possible that once word about the property's selling price gets around, more developers might be enticed to take on the challenge of building more.​

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
http://www.bizjournals.com/sanantonio/news/2016/08/29/yet-to-be-completed-southtown-luxury-apartments-up.html

​Check out San Antonio Multifamily Market Research,​ Austin Multifamily, Houston Multifamily, and DFW Multifamily quarterly reports.

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