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| Rendering of planned student housing development, San Antonio, TX |
SAN ANTONIO, TX (Oct. 1, 2013) – Carter, one of the nation’s
leading real estate development, investment and advisory firms, announced today
that the company will develop a 198-unit, 590-bed student housing project
located less than half a mile from the University of Texas at San Antonio.
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| Conor McNally |
The 16-acre community will include 121 flats and 77
townhomes built around a “town center.” The development will feature a mixture
of two-, three- and four-bedroom units. The townhomes will include two-car
garages.
“Carter is excited to be developing a unique student housing
project in what we consider to be a growing and strong market,” said Conor
McNally, chief development officer at Carter. “UTSA’s enrollment has
increased by nearly 10 percent since 2006, and this high-quality, amenity-rich
project will provide the university with a progressive alternative to
traditional student housing developments.”
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| Scott Taylor |
The community will feature abundant green space with a
variety of areas for people to congregate. The amenities will also include a
resort-style pool, dog park, fitness center with tanning beds, media/game room
and volleyball and basketball courts.
“Carter has a rich history of developing mixed-use projects,
and we are committed to creating off-campus student housing developments that
meet students’ educational and lifestyle needs,” said Scott Taylor,
president at Carter.
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| University of Texas, San Antonio Campus |
“Developing student housing that provides robust amenities
and walkability, as well as access to public transportation is a priority of
ours. With college enrollments continuing to grow, we look forward to
developing more projects like the one we have planned at UTSA.”
The community will be located less than a mile from The
Shops at La Cantera, an upscale, open-air regional shopping center
featuring more than 160 retail, dining and entertainment offerings, as well as
The Rim, a retail center that includes a Bass Pro Shop, 19-screen IMAX, Hotel
Talavera, Target and Best Buy.
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| The Shops at La Cantera, San Antonio, TX |
Additionally, the
community is less than a mile from the 125-acre UTSA Park West, the school’s
athletic facility that will eventually include a 35,000-seat football stadium
once construction is complete.
The project design team includes Reese Vanderbilt &
Associates as the architect, Pape-Dawson Engineers, Inc. as the civil
engineering firm and SpawGlass as the contractor. Cardinal Group Management
will provide property management and leasing services for the project.
Construction began in September 2013, with a scheduled
completion date of July 2014.
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For a complete copy of the company’s news
release, please contact:
Tony Wilbert
The Wilbert Group
404-965-5022
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