DALLAS, TX - GenCap Partners, a Dallas-based real estate development and investment firm, and International Capital broke ground this April on a sustainable 372-unit multifamily community in the thriving Westover Hills neighborhood of San Antonio, Texas.
Situated on over 16 acres along the Texas State Highway 151 frontage road just south of Wiseman Boulevard, this luxury 3-story garden complex is within proximity of 7 data centers and 24 corporate offices. The amenity-rich property will entice nearby employees with inviting class A+ studio, one-, two- and three-bedroom units, as well as lavish townhomes.
GenCap’s Vice President of Multifamily Development, Mark Johnson, enthusiastically states "Westover Hills is one of San Antonio's premier neighborhoods, and we're thrilled to bring a new level of luxury living to the area. Our goal is to provide residents with an attainable, luxurious living experience, and we believe this community will exceed their expectations.”
The upcoming complex, scheduled to finish in February 2025, is designed by Dwell Design Studio and constructed by Rampart Multifamily. It will indulge business-oriented residents with a wide range of amenities such as a large clubhouse with separate work-from-home desk spaces, two conference rooms, a coffee bar, a fitness studio inspired by Cross-Fit, a multi-sport simulator, a resort-style swimming pool, a cozy fire-side lounge, outdoor grilling and social areas, and two dog parks.
GenCap’s Principal, David Castilla, is delighted that the demand for housing continues to grow as more residents relocate into the area.
"There's still a strong demand for multifamily and all housing as the San Antonio population grows and moves north and west," he said. "Those are two targeted areas for us. We like San Antonio. We like it a bit better than Austin; we think it's a better value."
ABOUT INTERNATIONAL CAPITAL, LLC: International Capital, LLC is a boutique real estate advisory firm with over 45 years of experience representing more than 100 legal entities in its capacity as an asset manager and as a property manager. The company handles a portfolio of more than 50 properties in the southwestern United States. Offering a wide range of commercial real estate services, specialties include the acquisition, disposition, management, and administration of commercial investment properties. Land and property development, funds conception, mezzanine financing, and cash management are also integral parts of the company’s portfolio.
ABOUT GENCAP PARTNERS (GCP): GenCap Partners, Inc. provides real estate investment advisory, asset management, and development services to domestic and international investors in core markets in the Southern USA. The firm focuses on creating value and superior returns for its clients through investments in multifamily products. GenCap Partners develops between $250 million and $400 million in new multifamily projects annually. For more information, contact David E. Castilla at dcastilla@gencappartners.com.