SAN ANTONIO – (This story was released prior to Hurricane Harvey.)
Houston-based firm Rockspring Capital purchased 304 acres with plans to build hundreds of homes for around $200,000—an increasingly rare price range in the Alamo City.
Rockspring plans to develop half the land itself with about 450 homes and to sell the rest to other developers who would build another 450 or so.
The firm bought the land, located on the Northeast Side near Binz-Engleman Rd. and FM 1516, from local development company Galo Properties.
Check out San Antonio-New Braunfels Housing Market Research.Also see: SABOR housing sales from Adkins to Windcrest
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