Since the Air Force base closed, Brooks has continued to grow as a focal point of San Antonio’s southside. The San Antonio Business Journal reports the Brooks Development Authority, along with developer NRP Group, broke ground on a $78 million apartment project called The Artana.
The Artana and a retail center will be on the northwest side of the Loop 410 and Interstate 37 interchange. The average rents are expected to be around $1,600.
Alta Architects is the design firm attached. Delivery is expected by the end of 2026.
Brooks is a 1,308-acre community where more than 1,700 people live and 5,300 people work. Brooks was created in 2001 by the United States Congress, the State of Texas and the City of San Antonio to redevelop the former Brooks Air Force Base.
The NRP Group has developed 27,000 affordable and 9,000 mixed-income apartment homes (60% of total production), totaling 60,000 units with a value of over $11 billion.
Lincoln Property Company and McCourt Partners have broken ground for ElevenOneEleven, a new mixed-use development in Culver City. The groundbreaking occurred three weeks after Lincoln and McCourt announced $133 million in construction financing from Bank OZK. Set to rise on a vacant parcel, ElevenOneEleven will deliver 344 rental apartments, including 52 affordable units, along with 2,000 square...
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Logisco is stripping back the amenity race with a $60M Quebec City apartment development aimed at renters who would rather pay less each month than fund pools, gyms and other extras. The developer has started construction on 193 apartments at 7075 Wilfrid-Hamel Blvd., the first project under its new Elie rental brand. The 10-storey building...
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Virtus Diversified REIT has purchased a 91-suite retirement residence in Hamilton for $26M, expanding its seniors housing portfolio. The acquisition of Abington Court Retirement Residence at 1500 Main St. E. closed Nov. 3. The independent living property opened in 2005 and added 20 suites in a 2018 expansion. Located west of the Red Hill Valley...
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