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Nothing...?
Credit for these renderings goes to Insomniac.
This along with the 99 acre upscale Galo Properties development planned right next to this will seriously transform the southeast corner of 1604/10.
Am not sure how many highrises the 99 acre project will have but La Joya will atleast have three.
Nothing...?
I think it looks cool. But what else do you want? I need more details!
cool pics
This will be at 1604/10?
There's too much going on there already
Seriously though, it looks awesome.
Are those swimming pools or just fountains?
Those would be cool looking pools, I think they are just fountains. I agree, Why add more shopping to that side of town?
Those big surf boards are swimming pools.
oughtta tear down some of the crap on the east side and build it there and revitalize that area.
the world needs more cookie cutter developments.
Don't forget a bookstore for the southside...
True, that area does not need more shopping (between La Cantera and The Rim, everything is pretty much covered), but, the complex looks really cool and it will only add to the draw of that part of town.... obviously. Think Fiesta Texas is happy right now? haha
When is this expected to be built? Is there a date, or even an approximation yet? I'm excited.
Is it just a shopping complex or it's condos, etc too? If it's just a shopping complex, why the pools?
Sorry, but I'm oblivious to what the development is exactly. I'm not trying to be a smart ass.
Ground level retail, residential above.
FYI, here is the Galo/Fulcrum development also planned for the southeast corner (blank area on the bottom left corner of the La Joya site plan). It was originally going to be a Turnberry developed retail center (1 million sq ft) called Regal Hills, that feel through and Galo Properties and Fulcrum Group partnered and bought the land and now have new plans for the land.
It'll now be 1 million sq ft of office, 600,000 sq ft of retail, 800 multifamily units and 500 hotel rooms in two hotels. One of those hotels being a five star.
Thanks. Now it makes more sense to me. Condos/Apartments to rent or buy?
That's pretty awesome.
It's very exciting to see what's going on in this area, but I'd honestly only put about a 25-30% chance of these projects moving forward as currently pitched.
All the previous owners of these properties had difficulty leasing out space or successfully getting the financial ins utions to buy in to their grand plans and eventually sold to get out.
This really is the best of the 1604/I-10 corners, IMO, but unfortunately it is at a huge compe ive disadvantage because of the headstarts by the Rim and La Cantera. Those will be very difficult to overcome.
In the end, I think this corner ends up being more of a mix of traditional single family housing, some upscale multi-family units, some traditional retail, and a few sections of the unique and exciting part of the plan (above). Even then, it is still good to see developers looking outside of the box in their projects.
They should Build something like this on the ATT Center complex and call it Champion Park ala Victory Park in Dallas.
Not wanting to get into any fest with you. What what previous owners of these properties? Turnberry?
That is the only developer that owned any property at the SEC of 1604/10 who nixed their plans and sold it. That land is not part of La Joya, it's a totally seperate piece of land (99 acres) adjacent to La Joya.
Turberry's plans were just 1 million square feet of retail, a large power center. They didn't drop those plans becuase they couldn't lease out the space.
Also, I don't see a power center as "grand plans." All that had changed for the former-Turnberry site is the retail sq footage has been reduced by 400,000 but that is with the addition of office, hotel and housing space to the project.
It went from another suburban power center to a mixed-use development which again, is seperate from La Joya.
The people in the drawings are not fat enough to be San Antonians.
While I agree with you that the end result of some of these developments are different than the original ideas, Galo has some deep pocket$ backing him. He can get it done.
But they paid a huge price for that corner, and it's going to be very interesting to see what lease rates and pad sites will be going for.
As an aside, the development isn't expected to be fully built out for 8-10 years.
I dont know how many same stores they can possibly put into one area of a city.
What's left thats not already in the same 5 mile radius?
I heard Spurs are in talks of wanting a new arena out there eventually as well. Something about the East side being "old news now".....
When I say "these properties" I am refering to all the developments on that corner and really within a 1-2 mile radius.
As for what has changed at the former-Turnberry site... how about what hasn't changed: they still are asking too much, asking for national concerns only, and not getting the kind of committments they'd like. The developer may tell you everything is fine and dandy... but that's the developers job.
Like I said, this is the best of the four corners at 1604 and 10 geographically, but because they got such a late start it will be tough to get anything significant off the ground. In 10-15 years I could see the current vision (which yes, I believe is grand - that's both a compliment and a concern) becoming a reality, but right now I think that corner is a little saturated to support such a development. Especially since La Cantera hasn't been the smashing success it was hoped (it's coming along now, but the first shopping season out there did not meet expectations). I think the developer (either current or future) will eventually lose patience and building something closer to what I envision (I hope it is something more grand - but not if it is only big box national chains and a bunch of Applebee's on pads).
More specifically, they'll have trouble attracting the retail because 1) that market just got flooded with a ton of retail with still more coming on with next phases of Rim/La Cantera 2) their requirements for national concerns only - there aren't many left who aren't already in the area, not enough to fill all that square footage.
I think they'll have trouble attracting the office because they are competing with a lot coming online along 1604 and the mix-used office hasn't been an instant success at 281/1604.
I think they'll have trouble attracting the high-end residential because of greater macro trends in the residential segment.
And I believe Galleria Ventures and Drake both had a stake in this corner at one point. Are they the La Joya developers?
If so... then economics change a bit... sometimes foreigners with money just do stuff, economics be damned!
Last edited by scott; 09-05-2007 at 12:36 AM.
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