$320 million Pearl-like development on I-10 starts zoning process

A real estate investment trust from Atlanta has purchased the upscale $57 million WestRidge office buildings next to Shops at La Cantera — one of the biggest commercial transactions in San Antonio this year. A real estate investment trust from Atlanta has purchased the upscale $57 million WestRidge office buildings next to Shops at La Cantera — one of the biggest commercial transactions in San Antonio this year. Photo: Patrinely Group LLC /Courtesy Photo Photo: Patrinely Group LLC /Courtesy Photo Image 1 of / 5 Caption Close $320 million Pearl-like development on I-10 starts zoning process 1 / 5 Back to Gallery

A $320 million master-planned development on the booming Interstate 10 corridor is about to take its first step into the city’s rezoning process, with plans to turn it into a walkable social destination similar to the Pearl.

The 114-acre property near UTSA, which was caught up in bankruptcy litigation for years until it was bought in December by a partnership from Austin, could have up to 320,000 square feet of class A office space, 995 multifamily housing units and 120,000 square feet of retail, managing partner Steve Sanders said.

“It’s going to be really, really social,” he said. “We’d like to take a lot of elements from (the Pearl) and incorporate it in a suburban place.”

The city Planning Commission will consider whether to allow the project on Wednesday, and it will go before the Zoning Commission on July 19.

The project, which will be bounded by UTSA Boulevard, Hausman Road, Interstate 10 and Leon Creek Greenway Park, is in the early stages of design until the city approves the zoning changes, Sanders said. He said he’s in discussion with local investors who could come on as partners after city approval.

For more on this report, visit ExpressNews.com or read the Wednesday edition of the San Antonio Express-News.

rwebner@express-news.net

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