Dallas company adds 450-unit rental community to San Antonio's Southside

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July 13, 2021Updated: July 13, 2021 9:15 a.m.

The institution volition regenerate aged basal lodging that has gone unused since the basal was recommended for closure and past decommissioned.

Dallas-based Preston Hollow Capital volition bring much lodging to the rapidly increasing Brooks improvement connected the Southside.

The concern institution signed a crushed lease with Brooks Development Authority to make 450 detached and duplex rental single-family rental units to the 1,308-acre community, according to a quality release.

“Quality lodging options are a precedence for Brooks, and this caller vicinity volition assistance america conscionable the needs of some existent and aboriginal residents by providing a fantastic accidental successful this portion of San Antonio," says Brooks President and CEO Leo Gomez.

Ramiro Albarran, co-originator with Preston Hollow, says helium expects the task to beryllium an $85 cardinal investment. That concern besides includes amenities for the caller community, including a clubhouse, pool, and canine and recreational parks.

The caller units volition regenerate an aged 163-unit rental assemblage initially constructed arsenic officers' quarters for the Brooks Air Force Base successful 1962. The Air Force basal was recommended for closure successful 2005 and past decommissioned successful 2011.

The Brooks improvement is rapidly expanding. In February, Terramark Urban Homes purchased 5 acres for 60 for-sale houses astatine Brooks, the archetypal of their benignant for the development.

The lodging roar is besides coupled with large companies similar Japanese-plastics shaper Nissei America Inc. and sous vide works Cuisine Solutions settling successful the area.

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