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Old 12-17-2007, 09:32 PM
 
925 posts, read 1,214,966 times
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You're right, I forgot Toyota and the A&M campus., one is a current catalyst for growth and the other a future catalyst.
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Old 12-20-2007, 01:17 AM
 
226 posts, read 1,167,410 times
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Quote:
Originally Posted by Insomniac View Post
No disrespect or offense but you make some of the least informed/ignorant statements on the forum. Nothing bad about it since it's just ignorance (please don't take that word as a diss) and we are all ignornat to one thing or another but we must learn from it.

Anyway, the south side is experiencing growth in both population and retail/commercial development. One prime example is the southeast side, which has numerous subdivisions and apartments under construction. Also, the Goliad and Military Drive area has seen and continues to see major retail development the likes of which the south side have never seen with much more planned. Keep in my everything I have so far talked about is inside 410. Outside of 410 there are some tremendous developments planned. The Preserve at Medina River, Espada and Verano are all large scale master planned communities that will feature retail and commercial developments.
Both of you keep in mind that the majority of those projects will not break ground per the lending cut-backs......a very few will pass muster....those were in the planning stages when construction loans were still relatively easy to get.
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Old 12-20-2007, 01:22 AM
 
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The Preserve has broken ground. Espada is looking to break ground in early 2008 and Verano is without a doubt happening, this thing is being built by investors from Las Vegas (casino owners) who are planning to cash in on Toyota and the A&M campus.

What projects are you talking about?
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Old 12-20-2007, 02:14 AM
 
226 posts, read 1,167,410 times
Reputation: 82
Quote:
Originally Posted by Insomniac View Post
The Preserve has broken ground. Espada is looking to break ground in early 2008 and Verano is without a doubt happening, this thing is being built by investors from Las Vegas (casino owners) who are planning to cash in on Toyota and the A&M campus.

What projects are you talking about?
Vegas itself had a majority of high-rise strip condo projects cancelled, and this was before the construction lending tightening. Espada is LOOKING to break ground. The technical definition of breaking ground is the beginning of the breaking/smoothing of the land by backhoes. . Construction loans are not set in motion till the project is ready to break ground, in tandem. If loan standards and rates have changed markedly in the intirim, those projects are far less likely to break ground/build out.
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Old 12-20-2007, 03:03 AM
 
925 posts, read 1,214,966 times
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Wow, you're just being negative for the sake of being negative, why? Firstly, there's no foreseeable reason these projects shouldn't break ground or get built. I know for a fact that Terramark has gone through their final proforma and has financing. As for the Verano development, well, yes some (nowhere near a "majority") high-rise projects have been canceled in Las Vegas but that the housing market is far more greatly involved in killing those projects not construction lending. LOL, I'm still baffled at how much you seem to not want these developments to happen. Is it because they're being built in San Antonio? It can't be that because there's tons more developments planned (many larger than Espada and Verano) in the city and metro area and they've been posted on ths forum and I've never seen you post in one of those threads. So is it because they're on the south side?

Last edited by Insomniac; 12-20-2007 at 03:11 AM..
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Old 12-20-2007, 12:56 PM
 
2,027 posts, read 7,001,969 times
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Sadly it is true that some (though very few in comparison to other major cities) of the smaller projects around San Antonio that have been planned will likely be scrapped or put on hold. That said, many of the larger projects have already secured funding and many will have no problems in that regard.
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