VersaTerra Development and R City Developments are planning a project on San Antonio’s Southeast Side with about 5,000 lots for single-family homes.
Thousands of single-family homes and other development are set to rise on nearly 2,000 acres of ranchland in Southeast San Antonio , an area where a dearth of housing has long been blamed for limiting economic growth — but where construction is accelerating. San Antonio developer VersaTerra Development and R City Developments Inc. , a family-run company from Mexico that has owned the property for decades, are partnering to build the project at Loop 410 and New Sulphur Springs Road .
At the former Brooks Air Force Base, a metamorphosis is nearly complete. Or is it? To help alleviate traffic congestion, the companies plan to build two arterial roads connecting New Sulphur Springs Road to WW White Road and the Loop 410 access road to Foster Road, Basaldua said. The project is expected to take 15 years with construction on the first cluster of homes expected to begin next year. The project was first reported by the San Antonio Business Journal.
‘Just a disappointment’: South Side residents frustrated by Roosevelt bond delays near Mission San José Home prices and rents in the area generally are lower compared with many other parts of the city, a draw at a time when housing costs are outpacing wages, interest rates remain high, and much of the development has catered to lower-income buyers. More midscale and upscale housing is being built.
$43M housing project for homeless and former foster kids planned on South Side by SAMMinistries Commuting to work at those places is faster compared with other parts of the city where there’s more traffic, Basaldua said. Downtown is also a short drive away. “I think you’re going to start to see a lot of folks see this area as an area that they can get around town a little bit easier,” he said.
Versaterra Development San Antonio Water System Toyota Motor Manufacturing Toyota South Side East Central Independent School District Southside Affordable Development LLC Texas Inc. San Antonio Business Journal Texas A&Amp JCB Manufacturing M University M University System Navistar TJX Cos. Samministries Commuting Paul Basaldua Bryan Glasshagel John Sharp Versaterra Roosevelt Brooks San Antonio Southeast Side Sulphur Springs Road South Side Loop 410 Mexico Foster Road WW White Road New Sulphur Springs Road Brooks Air Force Base Zonda Watson Road Texas 16 S. Mission San José Public Health And Education Building
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