Developer breaks ground on 540-acre master-planned community

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Developer breaks ground on 540-acre master-planned community
San Antonio Business JournalSan AntonioDevelopment
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A developer is planting its flag west of San Antonio with a 540-acre masterplanned community called Viera.

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12. “It’s a natural step for us to transition into West San Antonio.” Four builders — David Weekley Homes, Chesmar Homes, Scott Felder Homes and Brightland Homes — have already committed to 12-lot quarterly takedowns, Meredith said.Homes on 50-foot lots will start in the high $300,000s to low $400,000s; 80-foot lots will range from the mid-$700,000s to below $800,000. The first residents are expected to move in around 2027, with the full build-out spanning seven to 10 years.“We’re bringing a mix of 50s, 65s and 80s,” Meredith said, referring to the lot sizes. “Viera is designed as an upper-end community that still feels authentically Hill Country — larger lots, stronger amenities, a cohesive plan instead of just another subdivision.” Masonwood collaborated with Medina County on a $17 million Public Improvement District for the first two phases, with an additional $24 million anticipated for later phases. The company is also self-funding a roughly $1 million widening of FM 1957, as well as water and wastewater infrastructure. “It was a breeze working with Medina County,” Meredith said. “We are definitely looking into the market… we definitely see more opportunities for us to implement new communities down the road.” Masonwood is also investing $1 million in TXDOT improvements on FM 1957 and $5 million in wastewater infrastructure, Meredith said, adding that the project is backed by a $79 million construction loan from Trez Capital. Masonwood previously delivered 31 lots in Stone Oak and Encino Ranch years ago, but stepped away from the market until now.Former SA Mayor Ron Nirenberg announces bid for Bexar County JudgePolice union leader wants SAPD Chief McManus out over ‘knee-jerk’ reactionsAre feral pigs coming to a neighborhood near you? Texas A&M expert weighs potential causesNeighborhood fights for speed bumps after 70-year-old woman hit, killed on her front porchWhooping cough cases on the rise across Texas, including in San AntonioMapping the dozens of data centers in San Antonio9 families sue Camp Mystic after deadly July 4 floodsVeterans in San Antonio find healing, community through free golf programGross Angel: How a local rapper blends fighting games, comics and hip-hopPlane reportedly carrying aid to Jamaica crashes in neighborhood pond

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