SAN ANTONIO—IKEA has completed its acquisition of approximately 30 acres at the southwest quadrant of IH-35 and Loop 1604 in the suburb of Live Oak. Following the closing of the land sale, construction is set to begin in spring 2018 on the IKEA-anchored Live Oak Town Center, a mixed-use project that will total more than 800,000 square feet on 111 acres upon completion. IKEA is slated for completion in spring 2019, and the adjacent retail and mixed-use space is set for first-phase completion later that year.
In addition to the IKEA anchor, which will total approximately 300,000 square feet, Weitzman plans to develop approximately 530,000 square feet of retail, restaurant, entertainment and hospitality space.
Weitzman city partner Michael Schoenbrun is directing development of Live Oak Town Center. David Nicolson, president of the San Antonio office of Weitzman, handles the marketing of the project's lease, sale and build-to-suit options.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
