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Texas A&M University System Reconsiders Development at San Antonio Campus

Feature Photo (above): University Way approaching the north entrance. The vacant land west of the sidewalk (left) is one of two tracts proposed for commercial development. Image: Google Streets.

Posted: 5-30-2019

by Adolfo Pesquera

San Antonio (Bexar County) — Texas A&M University System is reissuing a request for proposals from developers for commercially available land on the San Antonio campus.

The A&M System originally solicited this project in 2016 but an award wasn’t given.

Nevertheless, TAMU believes that parcels near Loop 410 on the 700-acre campus should be desirable for commercial development, given projections for enrollment growth at the university.

A&M-San Antonio has a current enrollment of 6,640 students and more than 40 undergraduate programs. Enrollment is projected to grow to 11,660 over the next five years. The campus is also near Palo Alto College, a well-established community college in the Alamo Colleges system.

The site is also located in an Opportunity Zone, which entitles a developer to tax incentives under The Tax Cuts and Jobs Act of 2017. The tracts being offered are relatively small at just more then 1.1 acres, combined.

“The intent of the RFP is to allow all interested/prospective developers to provide a sufficient amount of data that will enable the A&M System to determine which developer is in fact best able to meet the criteria which are to be considered in the award of the ground lease,” the RFP states.

The RFP was issued May 24 and responses are due by July 11.

There are several building projects the A&M System has on the drawing boards to accommodate future growth of its San Antonio campus.

“There include a 100,000-square-foot College of Business and library building, a new 60,000-square-foot classroom and office building, as well as a new 90,000-square-foot recreation center.”

The solicitation suggests the types of development A&M System would be interested in include residential, hotel, retail, grocer, entertainment, other commercial, parking, and/or mixed-use development.

“Respondents may submit proposals for the commercial/residential development of an assemblage or individually,” the RFP said.

The land being proposed for development includes two tracts at the north entrance to the campus. They are divided by University Way at the I-410 Access Road, each being about 0.55 acres in area or about twice the area of the 14-pump Valero gasoline station and convenience store at the corner of South Zarzamora Street and I-410.

The two tracts offered for development (yellow borders) are at the north entrance to the campus. Image: Google Map/Graphics by Adolfo Pesquera.

The selected developer or developers will be responsible for securing private financing for all costs of development and construction. Contracts are in the form of a long-term ground lease (net lease) agreement with the A&M System where the developer or their affiliated entity pays all property taxes.


adolfo@virtualbx.com

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By |2019-05-30T12:19:29-05:00May 30th, 2019|Construction Preview, Feature Story|

About the Author:

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.

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