Texas

Development under a master plan of over $ 500 million has begun at Castroville

Castroville, Texas – – Editor’s Note: This story was published through a partnership between KSAT and the San Antonio Business Journal.

A small town about 25 miles west of downtown San Antonio is about to undergo major changes as construction begins with the development of a master plan, which is expected to cost more than $ 500 million.

Merit Commercial Real Estate is developing 435 acres of Alsace Oak in Castro Building, north of Highway 90 and east of the city centre. The first phase of development includes 233 new homes, utility systems, and a parkway that connects to Highway 90. The Parkway will eventually connect to FM471 and Klebra Road.

Upon completion, the community will include 950 homes. Over 400,000 square feet of restaurant, retail and clinic space. There are also nearby parks and miles of trails. Residential amenities include a pool and a fitness center.

“What we are trying to achieve is a design that respects the look and feel of Castroville,” said Will Collins, Co-CEO of Merit.

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The first parcel will be ready by August 2022 and the first home will be available for sale in February or March 2023. According to Collins, the initial forecast was to build a community over 12 to 15 years, but housing demand is high. In this area, it can be completed in 7 years.

The project team includes Antonio Flamenco from Houston-based Insite Architecture as a master architect. CDA Architects in Houston is a commercial component design.

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Development under a master plan of over $ 500 million has begun at Castroville

Source link Development under a master plan of over $ 500 million has begun at Castroville

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