CSW Development, USAA Real Estate break ground on 19-acre retail project in San Antonio
CSW Development, USAA Real Estate break ground on 19-acre retail project in San Antonio; JLL announces roster of retailers and restaurants
SAN ANTONIO, May 1, 2019 – Austin-based CSW Development broke ground today on their new 19-acre retail concept, La Cantera Heights, a joint venture with USAA Real Estate. This unique retail project in northwest San Antonio will focus on core uses such as unique personality-driven restaurant and service concepts, many of which will be first-time entries to the market. When completed, the development will encompass both the Northwest and Southwest tracts off La Cantera Parkway and IH-10.
“This retail community is destined to become the premier choice for those seeking the modern ideal of living, working, playing, shopping, dining and relaxing in one breathtaking place,” said Todd Wallace, CSW Development CEO. “Centered in the heart of luxury retail, entertainment, education and prominent employers, La Cantera Heights will offer a regional draw from the affluent suburbs of North San Antonio and a unique experience unlike anything else in the region.”
The immediate trade area for La Cantera Heights includes over 130,000 nearby residents and a daytime population of over 75,200 with many of the city’s major employers located nearby.
JLL Senior Vice President Barry Haydon, Vice President Guyla Sineni and Senior Associate Jonathan Haag are leading marketing and leasing efforts for La Cantera Heights.
The current roster of retailers includes Thirsty Lion, La Panaderia and Burgerim.
“CSW Development is creating a unique retail experience within this prominent and growing area of San Antonio,” said Haydon. “La Cantera Heights’ accessibility and location makes it perfectly suited for perspective retailers interested in joining a platform of best-in-class shops and restaurants in a convenient setting that promotes community interaction while using architectural features that highlight the outdoor characteristics of the site.”
Shop space is expected to be delivered in February of 2020 with store openings set for Summer 2020.
The architect for the project is Alamo Architects and the general contractor is Metropolitan Construction.
For more information about La Cantera Heights, please contact Barry Haydon at +1 512 593 4878 or Barry.Haydon@am.jll.com, Guyla Sineni at +1 210-839-2021 or Guyla.Sineni@am.jll.com, or Jonathan Haag at +1 210 839 2024 or Jonathan.Haag@am.jll.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
About Central Southwest Texas Development, LLC
Central Southwest Texas Development, LLC is a commercial real estate development and investment company based in Austin, TX with over 90 years of combined experience in the real estate industry. They have successfully completed more than 85 real estate projects with a combined market value of over $450 million.
About USAA Real Estate
USAA Real Estate provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates. The portfolio consists of office, industrial/logistics, multifamily, retail and hotel properties. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.