Where Can San Antonio New Construction Investors Build in 2023?
San Antonio is a great market for new construction investors, but it presents some unique challenges. Read on to learn more about the city’s opportunities.
San Antonio is a great place to invest in real estate, both in existing properties and new construction. The city has consistently ranked among the fastest-growing cities in the country for years, and it has taken the top spot on the list several times. The U.S. Census Bureau ranked it at the top of the list in terms of numeric gain in 2022. The city reportedly gained over 13,000 people between 2020 and 2021.
The market for new construction is great, but there are several factors to consider if you’re interested in investing in San Antonio ground-up construction. The city has a long and proud historical legacy, which can be a serious issue for new construction. It also has unique environmental issues. Read on to learn more about new construction in San Antonio.
Is there room for new construction in San Antonio?
Simply put, there is plenty of space and opportunity for new construction projects in San Antonio in 2023!
Several Texas ecoregions intersect in San Antonio. The northern part of the city brings you close to the Edwards Plateau, also known as the Texas Hill Country. The Southern Texas Plains lie south and west of town. You can find both the Blackland Prairie and the Post Oak Savannah to the east.
To put this another way, it’s hilly to the north and flat to the east, south, and west. This provides many opportunities for development. The flat areas are home to many residential, commercial, industrial, and military sites. The hilly areas feature many residential and luxury commercial developments.
Where will zoning laws allow new construction in San Antonio?
San Antonio zoning laws, found in the city’s Unified Development Code, are fairly straightforward. They include several provisions that address the city’s specific concerns.
San Antonio zoning districts
Common zoning districts include the following:
Single-family residential (R-1 to R-6)
Mixed residential (RM-4 to RM-6)
Multi-family residential (MF-18, 25, 33, 40, 50, and 65)
Office (O-1 to O-2)
Commercial (C-1 to C-3)
Downtown (D)
Overlay districts modify the requirements for existing districts in certain areas, such as areas near the airport, military bases, or highways.
Special considerations for San Antonio construction
Places to build in San Antonio
The following locations in or near San Antonio have been particularly popular, have experienced significant growth, or show great potential for growth.
Pearl District
La Cantera
Located on the northwest side of town, at the intersection of Interstate 10 and Loop 1604, this area became home to the Six Flags Fiesta Texas theme park in the early ‘90s. Its growth really began in the mid-’00s when a luxury shopping center and a resort hotel opened. The Spurs, San Antonio’s professional basketball team, recently opened an event space in La Cantera, keeping it front and center in San Antonio’s culture.
Hemisfair
The Hemisfair area, located just to the east of downtown, was originally developed for HemisFair ‘68, an international exposition hosted by the city for the 250th anniversary of its founding. Some of the city’s best-known landmarks, such as the Tower of the Americas, were part of the original development.
Many of the HemisFair buildings have fallen into disrepair. A few have already been torn down and replaced. The area remains a source of pride for the city, though, and new development is on the way. The city has a Master Plan that includes mixed-used residential and commercial developments and the improvement of green spaces.
Castroville
Castroville is a small town with a population of about 3,000 people located twenty miles west of San Antonio. A group of settlers from Alsace, France founded the town in the 1840s. The town is therefore known for its Alsatian-style architecture.
It may also be on the verge of substantial growth, which could make it a great place for new construction investment. A new planned development, Alsatian Oaks, is in the works that could double the town’s population while remaining faithful to its cultural roots.
Get your next project funded fast!
In San Antonio, new construction investments require careful attention to more than just market conditions. Historical concerns often come into play along with environmental factors.
The lending professionals at Capstone Capital Partners live and invest in the Central Texas area. We know the ins and outs of the new construction market in San Antonio. From application all the way through servicing, you’ll be given the personal attention and fast action you need to make a successful project.
Read more: Capstone’s Ground-Up Construction Advantages in San Antonio
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