SAN ANTONIO--Amstar, a Denver, Colo.-based real estate investment manager acting on behalf of one of its public retirement system clients, has announced the acquisition of a 2.3-acre development site in San Antonio. Amstar and its development partner, Transwestern Development Co., will construct a 229-unit apartment building on the site.
''We are extremely excited to commence construction on Southtown Flats,” Josh Delk, associate vice president of Transwestern Development Co., told GlobeSt.com. “We believe it will be a landmark project in San Antonio's most hip and authentic neighborhood.''
The infill development will begin moving dirt next month, with the first units scheduled to deliver in the first quarter of 2016.
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