San Antonio: Local Land Developer Lands $4.3 Million Subsidy on South Side Housing Project
Feature Photo: A bird’s-eye perspective of the area (highlight upper left) where Bitterblue Inc. plans a 135-unit housing development. Image: Google Earth/VBX graphic.
by Adolfo Pesquera
San Antonio (Bexar County) — A local developer of single family and mixed use projects was approved for a $4.3 million grant on a 23.7-acre single family housing project on the South Side.
The Mission Drive In Tax Increment Reinvestment Zone board of directors agreed on Wednesday to participate in a Chapter 380 Economic Development Grant agreement that will benefit Bitterblue Inc. The TIRZ contribution to the project would be in the form of a $606,640 reimbursement plan for infrastructure costs.
The Mission Drive In TIRZ is currently scheduled to expire in 2027 but the agreement is for 15 years. That is why it is in the form of a Chapter 380 EDG, so that the city can take responsibility thereafter.
Bitterblue has been a local developer for decades. They are perhaps best know for their developments in Stone Oak and for the Alamo Quarry. The agreement includes an investment from Bitterblue of “no less than $6,786,547.”
Bitterblue’s project, Roosevelt Heights, will include 135 single family residential units. The public improvements include on-and off-site sewer, on-and offsite water infrastructure, streets, sidewalks, utilities, landscaping, and on-site drainage facilities to manage storm water; and park and open space areas.
The project site is northwest of the intersection of Roosevelt Avenue and Southeast Loop 410. It is adjacent to a tract of land owned by HEB Grocery Company that is being held for future development.
Engineering and platting of the site is complete. The site work (subgrade clearing for streets) is scheduled to occur through May and June. Water and sewer work is to take place in June and July. City Public Service is to be on site in August.
The streets and curb construction is to occur in September and October. Bitterblue anticipated having the site available to homebuilders by February 2022.
The Chapter 380 agreement must go to City Council for final approval. It is scheduled to be on their May 6 agenda.
Adolfo Pesquera (Reporter/Editor) is a veteran news journalist. He has worked for Hearst Corp., American Lawyer Media, News Corp and Freedom Communications. His work has been published in newspapers and magazines across the USA. He is a journalism graduate of UT-RGV. He writes, edits and creates digital pages for VBX.