Designs final for Lone Star, groundbreaking set for mid-2017Designs final for Lone Star, groundbreaking set for mid-2017https://www.recenter.tamu.edu/news/newstalk-texas/?Item=142002016-08-16T05:00:00Z2016-08-16T15:00:00Z

​​SAN ANTONIO – ​​​CBL & Associates Properties, Inc. and Aqualand Development have finalized the schematic design for the 32-acre Lone Star development.

The development will include entertainment space, restaurants, a food hall, three separate multifamily properties, a hotel, office space, parking, and retail space all surrounding a variety of outdoor areas.

The first 2.5-acre multifamily component, situated at the northeast end of the site along Lone Star Blvd., is under contract with a local developer. The sale is expected to close within the next few days, and will ultimately result in the first 250 market-rate units for the redevelopment.

Peloton Commercial Real Estate was brought on earlier this year to lease the 115,000 sf of office space.

The partnership is aiming for a summer 2017 groundbreaking on the mixed-use development, which has the potential of carrying a $300 million price tag.

After a variety of parcels are sold to other interests, CBL's investment in the property will be roughly $150 million.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2016/08/11/with-finalized-designscbl-aqualand-push-for-mid.htmlRead more at {Source}

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