S
an Antonio developers are poised to take advantage of new opportunities along the city's planned Green Line, thanks to significant changes to the development code approved by the City Council. The revisions aim to encourage mixed-use, high-density construction near the bus rapid transit line, which will run from the airport to downtown. Zoning districts have been introduced that allow for buildings up to 12 stories or unlimited height, with a focus on transforming vacant lots into vibrant communities.
The San Pedro Avenue corridor is expected to become a hub of activity under these new guidelines. While developers welcome the changes, community members are concerned about potential parking shortages and increased density. City officials argue that the updates will address housing shortages and improve transit accessibility. To further attract investment, planners are considering tools like tax increment reinvestment zones and density bonus programs.
Several mixed-use projects are already underway in San Antonio, including the redevelopment of the Nix Medical Center into residential apartments and the Southtown Aldea project, which features 250 apartments and retail space. The Town Center at La Cantera is also expanding with multifamily and retail components.
realestate
Tall Buildings Rise Near Public Transportation Hubs
San Antonio City Council approves changes to development code, enabling denser projects near Green Line.
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realestate
Brown & Riding Names New Real Estate Practice Head
Veteran leader with industry expertise and regional insight
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LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.
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realestate
LA's affluent neighborhoods face gentrification threat from investors
Fires may exacerbate LA's affordability crisis, pricing out low-income residents and making the area exclusive to the wealthy.