Alamo City's 'Southtown' blue streak of lux apartmentsAlamo City's 'Southtown' blue streak of lux apartmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=20672015-01-06T10:43:00Z2015-01-06T06:54:00Z

SAN ANTONIO - Earthwork is set to start in January 2015 for Southtown Flats, a residential development in the Southtown community south of downtown. Southtown Flats will be built in two five-story buildings surrounding a 4.5-level garage.

Transwestern Development Co. will partner with the real estate investment firm Amstar to develop the 229-unit apartment building at 111 Probandt St., just across the street from Blue Star Brewing Company.

Southtown Flats is in close proximity to the San Antonio River Hike and Bike Trail, Blue Star Contemporary Art Museum and King William District.

Southtown Flats' high-class amenities include a pool with cabanas and hammocks, outdoor kitchens, fire pits and a rooftop deck with downtown views. 

Southtown Flats follows similar projects in the area.

Right around the corner from the 2.3-acre project site is Cevallos Lofts, another luxury apartment complex opened in 2011. Rents there range from $1,200 to $2,800 monthly and the building is 96 percent occupied and 99 percent preleased.

"Southtown is an easy place to like because of its restaurants and activity and the scene is a lot of fun," said Amstar Managing Director Daniel Cohen.

Southtown Flats will be on the market by spring 2016.

tag: San Antonio apartment, San Antonio multifamily data

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/print-edition/2015/01/02/southtown-to-gain-new-multifamily-option.htmlRead more at {Source}

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