SAN ANTONIO—Following the announcement from its major anchor, IKEA, the long-planned Live Oak Town Center is closer to becoming a reality. Cencor Realty Services is working on plans for a regional-draw retail center to be developed on more than 60 acres at the southwest quadrant of IH-35 and Loop 1604 in the San Antonio suburb of Live Oak.
In addition to the 290,000-square-foot anchor, Cencor plans to develop approximately 480,000 square feet of anchor and shop space. Cencor city partner Michael Schoenbrun will direct development of Live Oak Town Center. David Nicolson, president of the San Antonio office of The Weitzman Group, will handle leasing.
“With IKEA as the anchor, Live Oak Town Center will become one of the strongest retail destinations in our market,” Schoenbrun said. “Nothing puts you on the map quite like being South Texas' only location for one of the most popular retailers in the world.”
Cencor plans to break ground on Live Oak Town Center in late 2017, with openings set for 2019. Live Oak Town Center will also benefit from the intersection's strong retail line up, which includes nearly 20 retail anchors such as Target, Home Depot, Regal Cinemas and Kohl's. With the announcement from IKEA, Weitzman is starting immediately on marketing for Live Oak Town Center.
“We see Live Oak Town Center as a retail landmark that will complement the draw of the only South Texas location for IKEA, one of the world's most popular retailers,” Schoenbrun tells GlobeSt.com. “We're already talking to a number of anchors, entertainment uses and restaurants who want to be a part of that vision.”
In addition to its anchor, Live Oak Town Center benefits from a location with a trade area population of more than 211,000 with an average household income of $73,847 within a 5-mile radius. In addition, IH-35 and Loop 1604 are two of the metro area's heaviest trafficked major thoroughfares, exposing the center to hundreds of thoughts of vehicles daily.
As previously reported, the second Dallas IKEA is underway.
SAN ANTONIO—Following the announcement from its major anchor, IKEA, the long-planned Live Oak Town Center is closer to becoming a reality. Cencor Realty Services is working on plans for a regional-draw retail center to be developed on more than 60 acres at the southwest quadrant of IH-35 and Loop 1604 in the San Antonio suburb of Live Oak.
In addition to the 290,000-square-foot anchor, Cencor plans to develop approximately 480,000 square feet of anchor and shop space. Cencor city partner Michael Schoenbrun will direct development of Live Oak Town Center. David Nicolson, president of the San Antonio office of The Weitzman Group, will handle leasing.
“With IKEA as the anchor, Live Oak Town Center will become one of the strongest retail destinations in our market,” Schoenbrun said. “Nothing puts you on the map quite like being South Texas' only location for one of the most popular retailers in the world.”
Cencor plans to break ground on Live Oak Town Center in late 2017, with openings set for 2019. Live Oak Town Center will also benefit from the intersection's strong retail line up, which includes nearly 20 retail anchors such as
“We see Live Oak Town Center as a retail landmark that will complement the draw of the only South Texas location for IKEA, one of the world's most popular retailers,” Schoenbrun tells GlobeSt.com. “We're already talking to a number of anchors, entertainment uses and restaurants who want to be a part of that vision.”
In addition to its anchor, Live Oak Town Center benefits from a location with a trade area population of more than 211,000 with an average household income of $73,847 within a 5-mile radius. In addition, IH-35 and Loop 1604 are two of the metro area's heaviest trafficked major thoroughfares, exposing the center to hundreds of thoughts of vehicles daily.
As previously reported, the second Dallas IKEA is underway.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
