Coming soon to San Antonio

San Antonio is changing before our eyes, and there are a lot of new developments to look forward to. Elon could be coming to San Antonio and his main priority is building a super train to improve San Antonio’s transportation issues. Aside from Elon, there are hundreds of acres being developed for new homes, mixed developments, and employment growth. We are going to do a deep dive into these developments so you can know what to expect in the upcoming years and where you can possibly invest. 

Civic Park Expansion

There is a Civic Park expansion that includes the Alameda Theater revitalization that is right in the heart of Houston Street. It is a $37 million renovation that’s going to be very beautiful and historic. 

Right next door is the Hemisfair Civic Park expansion, where phase one of the project is 4.7 acres in the heart of downtown. It’s a $31 million expansion that will revamp the River Center Mall area and Alamo Street, which has been neglected for the last 20-30 years. 

Far Northwest 

On the northwest side, there have been changes going on at the AT&T Center where the Spurs home games are held. They’re now building a $500 million campus at one of the most expensive pieces of real estate in San Antonio, which is La Cantera. It is a 500,000-square-foot property that will feature a performance center, a public outdoor event plaza, and will bring over 1,000 jobs to San Antonio. 

The rim, which is 1604 and i-10, is very populated with over 200 stores, a huge development, mixed facilities, and one of the most exclusive neighborhoods at Canyons and Overlook. This corridor is very busy, so adding a 500,000 complex to that will only increase traffic in that area.

People are going to need a place to live if there will be over a thousand jobs available. Expansions on the far west side, far southwest, and far northwest have hundred-acre communities that are being developed today. Kallison Ranch started as a family farm that evolved into a development with multiple builders. There are now 200 more acres that are being developed, and it has been developing for the last seven years.

Another interesting expansion is the addition of 120 apartment complexes in the South Texas Medical Center. This area already has about a hundred different multi-family apartment complexes. The width of the I-10 corridor makes this a great location for commuting downtown and in and around the Medical Center. Multifamily developments have been much more common around the city because they are accommodating for the influx of people moving to the city. 

Vida San Antonio

The second largest development is Vita San Antonio kicking off phase two of a massive, 600- acre project that is going to be developing for the next 10-12 years! It will include 4,000 new homes that will accommodate student housing for Texas A&M San Antonio students. Texas A&M San Antonio has been expanding for the past 10 years on the southside of San Antonio. 

These multi-family units will attract retail developments and other commercial developments that will yield employment opportunities. So, job growth in the southside of San Antonio will be exponential in the upcoming years. 

Alsatian Oaks

Alsatian Oaks is another development in the far west side of San Antonio that is worth mentioning. Local real estate firm, Merit Commercial Real Estate, has broken ground on the 435-acre Alsatian Oaks master-planned community in Castroville, north of Highway 90. 

The project is estimated close to $500 million and should be finished in the summer of 2028. The first phase of the development begins in July, and it will include 233 new homes, a community park, and a utility system that will eventually connect 471 and Culebra. 

Side Note: I had a listing in Culebra, and the owner of the building told me, 3 years ago, that the Texas Department of Transportation bought about a foot of roadway for future expansion. It was almost like they knew it was going to happen, but nobody said anything. 

Do you think there’s going to be too much development on the northwest side? What do you think it’ll do to nearby neighborhoods and home prices? 

Navistar San Antonio 

Navistar International is coming to the south side to roll out San Antonio’s first 900,000 square feet, commercial truck manufacturing facility that started in 2020. Traditionally, the south side of San Antonio has been the hub for manufacturing, goods and services, farm and ranch companies, and trucking companies. The land is plentiful and commercial real estate is less expensive. Paying $250 million for a 150 acres facility with 900,000 square feet is a good buy. There hasn’t been any indication on what kind of job growth the trucking company will bring, but I would assume it’s going to be hundreds of jobs coming to that area. 

Mayfair Development

The biggest development that I could find was the Mayfair Development. After acquiring 1,900 acres from the Texas General Land Office, Southstar Communities started working last year on Mayfair. 1,900 acres is a huge development in Comal County, which has the biggest real estate boom in San Antonio. 

In my previous video, “The Five Hottest Zip Codes,” New York Times called this area the hottest boom since 2020. Now, it’s going to bring 6,000 residential units, 330 acres of public parks, and 20 miles of trails that will connect Johnson City and Austin. 

Mayfair will serve the surrounding region and generate a projected economic impact of $2 billion in year 15 of the community, creating 1,900 jobs along the I-35 corridor. The I-35 corridor was already booming so adding this is really going to get crazy.

Construction will take 15 years, so it's safe to say that there will be a boom in the north part of New Braunfels. There’s a lot of people that live in New Braunfels who commute down to San Antonio and Austin (San Antonio is way better). Can you imagine how crowded floating the river’s going to be? What do you think is going to happen to New Braunfels after this expansion?

Tin Top and The Creamery

Another huge expansion, just north of downtown and near Alamo Heights, is the Tin Top and The Creamery. It was once an ice cream factory, but it is now going to be a 338-acre apartment complex on 281. Commuting from 281 to Stone Oak is very easy, and it’s probably the least amount of traffic in rush hours but it may not stay like that for long. 

Port San Antonio 

Port San Antonio is one of the biggest gambles the city has made because they are developing an old military base into an event center where they will hold conferences. There will also be electronic battery companies coming like DeLorean and Chevrolet. It is supposed to be the hub for The Museum of Science and Technology of San Antonio. 

Homes in that area are priced at $150,000-$200,000, with not a lot of HOAs, and are close to downtown. Highway 909 is not very congested, there’s about four lanes going each way, so commuting to downtown is very easy. 

The entire project has about $60 million to be funded through a commercial loan, and I wonder who’s going to pay for the commercial loan once it’s done. 

Elon is Coming 

According to the San Antonio Current, San Antonio Mayor, Ron Nirenberg, says that he’s unsure how the Boring Co. tunnel fits the city’s transportation plans. San Antonio does not have the best transportation and it’s very outdated in my opinion. Elon wanted to build a super train going from the San Antonio Airport to the Riverwalk. The same super train would go from the San Antonio Airport all the way to Austin for an easier commute. 

The project was going to be around $200 million, and I think it was a great idea because it would be so much easier to jump on a train to go downtown—especially when you're coming from the airport. Unfortunately, Mayor Ron said that Elon Musk’s tunnel plan is not a high priority for San Antonio’s reenergized transportation plan. There was federal, city, and Elon funding but the city said no. 

With all these expansions and developments, do you think San Antonio is overpriced or overrated?