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'I want a piece of that!' River Walk access from 220 units'I want a piece of that!' River Walk access from 220 unitshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=1732015-08-11T11:43:00Z2015-08-11T14:00:00Z

SAN ANTONIO - Local residential developers have been clamoring for land either near Pearl, close to downtown or with access to the River Walk. With 120 9th St., Indianapolis-based SC Bodner Co. Inc got all three.

The San Antonio newcomer has plans to build a 220-unit, five-story apartment complex, with nearly half of those enjoying unobstructed river views.

SC Bodner, which recently bought the nearly 1.8-acre site from the state, will leverage the in-demand property to build a reputation for itself in the city.

The complex, known for now as 120 9th St., will be SC Bodner’s second in Texas. Its first is the Creekside South development in Wylie, near Dallas.

With other residential complexes such as the River House, 1221 Broadway and Pearl’s Can Plant as neighbors, all of 120 9th St.’s floorplans will likely go for upwards of four digits.

A 456-sf studio in 1221 Broadway, for example, starts at $1,094 a month, and that property is just half a mile away and isn’t fronting the river.

Floorplans in 120 9th St. will include studios, one- and two-bedroom units, with structured parking, elevators and the typical upscale amenities.

Steady rises in asking rents and a growing desire among San Antonians to live downtown have developers saying just one thing: I want a piece of that.

Source: San Antonio Business Journal, Shorten your search at San Antonio NewsTalk.

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
http://www.bizjournals.com/sanantonio/print-edition/2015/08/07/new-river-fronting-complex-puts-spotlight-on-urban.htmlRead more at {Source}

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