SAN ANTONIO - An entity affiliated with Rockspring Capital has purchsed the 108-acre Notting Hill subdivision located at FM 1516 and West Weichold Rd.
The firm plans to invest millions of dollars to ready the property for the development of 515 residential lots there. The first phase of the development is expected to be completed in nine months and will include roughly 140 residential lots.
Lots are expected to sell for about $20,000 each, while homes there could start around $130,000.
In the 12 months ended June 30, the area around Notting Hill saw about 271 new homes built, with 238 closings, said Jack Inselmann, a vice president at Metrostudy. The area is on San Antonio's Northeast Side.
Read more at the San Antonio Express-News.
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