NY Developer Plans San Antonio Multifamily Development
A New York-based multifamily developer is planning a few residential projects in Texas.
Sovereign Properties will begin work on a 312-unit, six-building complex at the southern corner of Nationwide Drive and Texas State Highway 151 this coming July, the San Antonio Business Journal reported. Atlantica at Westover Hills is expected to be completed by the end of August 2025.
The firm didn’t disclose a purchase price for the land, but it was most recently appraised for tax purposes at $4.1 million.
Plans for the 418,000-square-foot development call for one-, two- and three-bedroom units ranging from $1,400 up to $2,550.