An Austin-based developer is in the approval process for a luxury multifamily development project in San Antonio that aims to make residents feel like they’re down on the farm.
IMPACT Developers is planning a 318-unit luxury apartment complex at the corner of Loop 1604 and Reed Road made up of buildings with 10 to 14 units each, all centered around a rustic farm theme, according to the San Antonio Business Journal.
GreenGate Village will be anchored by a clubhouse with two acres of open space behind it featuring “a big barn, outdoor kitchen and dining area,” said CEO Herman Cárdena. “People can even grow their own vegetables. It’s a farm experience.”
But it will have one high-tech amenity: the garage for each unit will feature electric vehicle charging stations, the company says.
The developer is using its other rustic multifamily complex, Hermosa Village, for inspiration. Hermosa is located in the far-north Austin suburb of Leander and won first place in a National Association of Home Builders’ competition in 2021.
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San Antonio has become a hot spot for prospective homebuyers that have been priced out of Austin. The number of people looking to relocate who searched in San Antonio almost doubled in 2022, My San Antonio reports, with most of those searches coming from people in Austin. A recent report from Redfin shows this may be due to prices in the Texas capitol rising to even more eye-watering levels than in San Antonio. In short, though both cities are seeing prices go up, San Antonio is simply the more affordable option.
IMPACT hopes to break ground later this year and has tapped Martines Palmiero Construction LLC for the first phase of the project.
[SABJ] — Maddy Sperling