Summary:
The Multifamily Group is pleased to present the exclusive offering of The Villas on Springvale, a unique, all-bills-paid opportunity in San Antonio, Texas. Constructed in 1974, the property consists of 178 units and offers one and two-bedroom floor plans. The property is currently 93% occupied, with 15 units receiving housing assistance. The Villas on Springvale are being offered free and clear of existing debt.
Regional Growth & Development:
Port San Antonio Expansion
The nearby Port San Antonio (redeveloped from Kelly AFB) is on track to double its workforce in the next 7-10 years, anchored by a new 12-story “Innovation Tower,” featuring retail, dining, a childcare center, and even a vertiport, all projected to be completed by 2028-29.
Retail & Service Expansion on the SW Side
Across southwest and far-west corridors (e.g., Potranco Rd), projects like the $3.4M Delphi shopping center are emerging to serve neighborhoods with offices, medical services, and eateries.
Citywide Projects Impacting Downtown
San Antonio is undergoing significant urban transformation via “Project Marvel” (NBA arena, convention center additions), and a new baseball stadium downtown, all part of a broader $1B+ investment.