San Antonio: Mixed-Use Complex With Up to 300 Apartment Units Planned Near Pearl
Feature Photo (above): The main entrance at West Josephine and East Euclid to Materials Marketing–a stone tile factory and warehouse whose complex is being considered for a multifamily development. Image: Google Streets.
UPDATE: 3-17-2020 — City Council approved on March 5 the zoning request of landowners Moonbeam Ventures Ltd. and Sotano Partners Ltd. Subsequently, on March 11, a San Antonio Express-News report quoted a Lynd Company executive, Jarrad Thierath, and stated this project was being done by Lynd and Fulcrum Development. The scope of work was described as including 300 apartments, office space and retail.
An attorney with Killen, Griffin & Farrimond told the Express-News that Lynd and Fulcrum were purchasing the property. However, as of today, Bexar County Clerk property records had not yet recorded a deed transaction.
This project is still pending a mandatory request to the HDRC for conceptual approval of the architectural designs. A concept rendering is illustrated here:
Courtesy: Lynd Co. and Fulcrum Development.
UPDATE: 2-5-2020 — This project was to have been heard Jan. 21 but was postponed to the Feb. 4 meeting. At that time the Zoning Commission recommended approval of the request to change zoning from General Industrial to High Intensity Infill Development.
The commission also noted with its vote that the Tobin Hill Neighborhood Association was in support. The project is still pending review by the Historic and Design Review Commission.
This project is being tracked on VBX Project ID 2020-088B.
Originally Posted: 1-20-2020
by Adolfo Pesquera
San Antonio (Bexar County) — A couple of relatively unknown companies in the multifamily real estate market are planning a 300-unit complex on West Josephine Street near the Pearl.
Kaufman & Killen, a land development law firm, has been retained to represent the developers on a zoning change request that will be considered Tuesday by the Zoning Commission.
The tract involved is a little more than 2.3 acres and it has been the headquarters for Marketing Materials, a 55-year-old company that custom manufactures stone tile for many uses. The company has branch offices in Dallas-Fort Worth, Houston, Austin, and out of state in California, Colorado, Georgia and Illinois.
The applicant, 210 Josephine Investors LP, is a special purpose entity created by Moonbeam Ventures Ltd. and Sotano Partners Ltd. Moonbeam and Sotano acquired the real estate where Marketing Materials has operated its headquarters and warehouse in 2007.
Moonbeam Ventures is a holding of Peter C. Selig, a San Antonio entrepreneur known for his investments in the local technology development sector, as well as food and beverage.
The lots under consideration are adjacent to each other, even though the lot address numbers, 120 and 218 West Josephine Street, imply separate blocks.
Moonbeam Ventures is planning a multifamily project near the Pearl Brewery district. Image: Google maps.
The zoning request would take the properties from General Industrial to High Intensity Infill Development Zone, with uses permitted in General Commercial and “multifamily up to 300 units,” (IDZ-3).
A concept site plan submitted with the zoning request states the developers are proposing a height of 95 feet for the multifamily structure. In addition, it designates two points ingress/egress for vehicles–one to the east facing Euclid Avenue and one to the south facing Grayson Street.
If the rezoning is to include a commercial use, this indicates the developers hope to have some type of neighborhood retail or restaurant activity on some portion of the ground floor.
The Development Services Department review concluded with a recommendation in favor, and noted that an IDZ-3 designation is consistent with the future land use category and is less intense than the existing industrial zoning.
“The zoning request includes the intention to demolish buildings,” the staff report also said. “To date, no application for demolition at this address to accommodate the proposed use has been submitted for review to the Office of Historic Preservation.”
There are several structures on site, including the manufacturing facility, a warehouse, loading dock, detached garage and office. They total almost 63,000 square feet of building space.
MBC Engineers has been hired to draft a plat that is related to the zoning process.
The concept site plan submitted to the Zoning Commission by Moonbeam Ventures Ltd.
Marketing Materials is on the opposite end of the same block where the Flasher Equipment Co. stands. In March 2019, VBX reported that Storybuilt–which went by the name PSW Real Estate at the time–has an application pending to rezone the Flasher Equipment property for an 86-unit apartment complex.
However, Storybuilt has since withdrawn that application.
The 200 block of West Josephine is less than two blocks from the northern edge of the Pearl district, and it is one block north of where Austin-based Sabot Development wants to construct a 10-story mixed-use apartment building with street-level retail.
The warehouse and loading dock section of the Materials Marketing complex. Image: Google Streets.
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.