All the pieces are in place for Mosaic Development to embark on a 300-acre project in San Antonio’s rapidly growing Far West Side.
The developer struck an agreement with Bexar County to fund construction of a road running through the development, connecting two of the city’s major roadways, the San Antonio Business Journal reported.
The agreement is a major step for Mosaic’s Tres Laurels project, which is slated for 1,000 new home lots, 20 acres of build-to-rent and multifamily properties and a school.
The county initially wanted to make improvements to Grosenbacher Road to aid the logistical flow of Tres Laurels. But instead, the two sides decided to expand Montgomery Road because it “would improve vehicular connectivity and traffic flows in an unincorporated area of the county,” according to an agreement drafted in 2020.
Expanding Montgomery will cost about $18 million, with the county paying $8.7 million and Mosaic paying $9.5 million. A Grosenbacher expansion would’ve cost $24 million.
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Mosaic will begin phase one of the project, which is set to include 244 home lots, once the Montgomery Road improvements reach Tres Laurels. This stretch of roadway is scheduled to wrap up soon. Full connectivity between the development and roads should take about 10 years to complete, Yantis told the outlet.
—Quinn Donoghue