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Office Location 1100 NW Loop 410, Suite 700
San Antonio, TX 78213
Phone: (210) 348-3717

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Archive for April, 2009

The San Antonio Commercial Real Estate Market: Holding on Amidst a Struggling, National Economy

Amongst other tanking markets around the nation, San Antonio is holding its own. Although, like many of the markets in the US, it certainly isn’t experiencing a surge in commercial real estate transactions, it also hasn’t seen sharp declines like some of the larger cities in the country.

Much of San Antonio’s steady commercial real estate market relies on its strong, local economy and growth, which has proven to be quite reliable and consistent.

In fact, according to Emily Spicer of the San Antonio Express News, San Antonio is “one of the bright spots on the tumbling housing market landscape.”

What is it about San Antonio that sets it apart from many of the other markets in the country?

  1. San Antonio is the place to be for banking and medicine. Warm, year-round temperatures, along with a relatively safe geographical area in terms of natural disasters, make San Antonio a desirable part of the country.

In addition, the economy boasts banking and medicine as its top-two economies. Washington Mutual and Citicorp both have a strong presence in San Antonio. The South Texas Medical Center and 45 other medical institutions also call San Antonio home.

  1. Many of the country’s top companies are based out of San Antonio. Many large corporations are lured to San Antonio because of its lower cost of living.

The economy of San Antonio is becoming more technology-based, and the area is now home to a number of major corporations, including the Toyota Tundra plant and the Valero Energy Corporation.

  1. San Antonio continues to see exceptional job growth. In fact, from 2004 to 2007, San Antonio experienced an increase of 10 percent in the total number of jobs. In addition, unemployment continues to remain low.
  2. Real estate prices remain very low, compared to many parts of the country, as well as other parts of Texas.

The Alteza: Luxury Residences of the Grand Hyatt Hotel

Beautifully perched high atop the Grand Hyatt Hotel, the Alteza serves the most discriminating homeowners in San Antonio.

From the amazing skyline views, to the high-end amenities and services, the Alteza is a fine example of luxury living in downtown San Antonio.

The 147 condominium homes are comfortably situated in the heart of San Antonio, thus enabling residents to enjoy all that this urban playground has to offer. The Alteza is just ten minutes from the San Antonio International Airport, as well as the excitement and sites of the Riverwalk.

The sleek, modern design of the Alteza, which boasts a cast concrete exterior and expansive, floor-to-ceiling windows, speaks of the luxury which is found inside.

Catering, housekeeping service, dry cleaning, room service and valet service are all amenities which are afforded to the residents of the Alteza as part of the Grand Hyatt Hotel.

Other amenities and services of the Alteza include:

  • Owner’s lobby and private entrance
  • Owners-only pool on the 32nd floor
  • Controlled-access to residences
  • Controlled-access, reserved parking
  • Private balcony or terrace in each unit
  • Membership to Grand Hyatt’s fitness center

Residence Amenities

The Alteza comprises floors 25 through 34 of the Grand Hyatt Hotel, and features 19 different floor plans and six penthouse plans.

The homes of the Alteza range in size from 808 to over 5,600 square feet, and have one to three bedrooms. The custom penthouses are located on floors 33 and 34 of the building.

Features of the residences of the Alteza include:

  • Ten-foot ceilings (12-foot ceilings in the penthouse residences)
  • High-end, stainless steel appliances
  • Exotic hardwood flooring
  • Natural stone counter tops such as marble and granite
  • High-end fixtures

Prices for the homes in the Alteza range from $370,000 to $3.5 million.

The San Antonio Commercial Real Estate Market: Holding on Amidst a Struggling, National Economy

Amongst other tanking markets around the nation, San Antonio is holding its own. Although, like many of the markets in the US, it certainly isn’t experiencing a surge in commercial real estate transactions, it also hasn’t seen sharp declines like some of the larger cities in the country.

Much of San Antonio’s steady commercial real estate market relies on its strong, local economy and growth, which has proven to be quite reliable and consistent.

In fact, according to Emily Spicer of the San Antonio Express News, San Antonio is “one of the bright spots on the tumbling housing market landscape.”

What is it about San Antonio that sets it apart from many of the other markets in the country?

  1. San Antonio is the place to be for banking and medicine. Warm, year-round temperatures, along with a relatively safe geographical area in terms of natural disasters, make San Antonio a desirable part of the country.

In addition, the economy boasts banking and medicine as its top-two economies. Washington Mutual and Citicorp both have a strong presence in San Antonio. The South Texas Medical Center and 45 other medical institutions also call San Antonio home.

  1. Many of the country’s top companies are based out of San Antonio. Many large corporations are lured to San Antonio because of its lower cost of living.

The economy of San Antonio is becoming more technology-based, and the area is now home to a number of major corporations, including the Toyota Tundra plant and the Valero Energy Corporation.

  1. San Antonio continues to see exceptional job growth. In fact, from 2004 to 2007, San Antonio experienced an increase of 10 percent in the total number of jobs. In addition, unemployment continues to remain low.
  2. Real estate prices remain very low, compared to many parts of the country, as well as other parts of Texas.

Life is Sweet at the Judson Candy Factory Lofts

The historic Judson’s Candy Factory recently saw a beautiful revitalization which transformed an old warehouse into one of San Antonio’s hottest, new loft residences.

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Great San Antonio Location

Conveniently located within minutes from the Riverwalk, the King William District and the Blue Star Arts Complex, the loft residences of the Judson Candy Factory Lofts allow residents to become fully immersed in the exciting, urban lifestyle of San Antonio.

The Judson Candy Factory Lofts are also just a short drive away from downtown San Antonio, thus making this residence ideal for urban professionals.

The Judson Candy Factory Lofts, which feature 84 loft residences, are affordably priced from the $150,000s. Homes range from 700 to 2,100 square feet in size.

High-End Design Features and Amenities

The design of the Judson Candy Factory Lofts gives them a warm, comfortable, loft feel. Some of the design features include sealed and waxed concrete floors, 10 to 13-foot ceilings and sleek, maple cabinetry with granite counter tops.

Other features of the residences of the Candy Factory Lofts include:

  • Stainless steel appliances
  • Washer/dryer connections
  • Pre-wired for Cable and High-Speed Internet service
  • Low E glass windows
  • Private balconies/patios

Community Services and Amenities

In addition to the modern surroundings, the residents of the Candy Factory Lofts enjoy use of the many community amenities, which include:

  • State-of-the-art fitness center
  • Ground-level swimming pool
  • Covered, controlled-access parking
  • Landscaped grounds and green space
  • Secured and monitored building access
  • Beautiful, rooftop terrace
  • Dog washing facilities

With a troubled national economy and an equally strained housing market, the Judson Candy Factory Lofts provide homeowners with an exciting, dynamic residence that is both affordable and beautiful. The Judson Candy Factory Lofts are a fine example that high-end, urban living in San Antonio doesn’t have to cost a fortune.