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12/24/14
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Denver-based Amstar has teamed up with Transwestern Development Co to develop a 229-unit apartment building on a 2.3-acre site in San Antonio that Amstar just acquired. Work on the new development, known as Southtown Flats, will begin in January 2015 with the first units scheduled to deliver in the first quarter of 2016.
Located at 111 Probandt St, Southtown Flats is situated near to many of San Antonio’s most popular restaurants, bars and shopping destinations. The San Antonio River Hike and Bike Trail, Blue Star Contemporary Art Museum and King William District are all just steps away from the property.
Community amenities will include a resort-style pool with outdoor kitchens and cabanas; passive courtyard featuring a yoga lawn, hammocks, game areas and fireplace; secure bicycle storage rooms; roof deck with downtown views, grilling stations, dining areas and fire pits; clubhouse with catering kitchen, dining areas, and resident lounge with flat screen TVs; state-of-the-art fitness center including yoga studio, cardio equipment, free weights and classes provided by FX Fit.
Southtown Flats will consist of two five-story buildings that surround a 4.5-level garage. In addition to stainless steel appliances, each unit will feature quartz countertops, gourmet kitchen islands, custom wood cabinets and private balconies.
“San Antonio is still early in its economic recovery and with strong renter demographics, we believe Southtown Flats will be a successful investment,” said Amstar Managing Director Daniel Cohen.
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