150-Unit Apartment Community Slated for Stone Oak
WASHINGTON, D.C. – June 4, 2015 – (RealEstateRama) — Stream Realty Partners, a full-service national real estate investment, development and services company, has announced plans to develop a 150-unit, active adult, apartment community in San Antonio. The 55-plus living community is the first of its kind in San Antonio, offering a fully integrated lifestyle that will allow residents the opportunity to explore health and wellness initiatives, social activities and group service projects. Stream expects to commence on the project in early 2016.
Stream’s active adult community will be located in the heart of Stone Oak, just north of the Stone Oak Parkway and Hardy Oak Boulevard intersection. The 7.5-acre property sits atop a canyon on Hardy Oak Boulevard and will consist of one- and two-bedroom condo-style apartments with views of the Hill Country.
“Stream will deliver leasable-luxury and offer the 55-plus community brand new options,” said Luke Bourlon who is part of Stream’s AAL development team. “We are disinheriting the expensive medical- and meal-service packages found in traditional senior housing, and this enables us to deliver luxury at a much more attractive price.”
Stream’s new community will take full advantage of its proximity to both the retail at the Village of Stone Oak in the expanding 281 North Corridor, as well as the Texas Highway Loop 1604 shopping centers, located south of Stone Oak. The property’s amenities will also include health and wellness centers, lush community gardens, an outdoor kitchen area, social lounges and walking trails.
“We are catering to the increasing number of baby boomers throughout Central Texas who desire a dynamic lifestyle where friends and neighbors can easily connect with one another,” says Bourlon. “We are building this facility in one of the most desirable areas of San Antonio offering residents amenities such as elevator service, an expansive community center, and a scenic pool deck overlooking the canyon.”
Stream’s active adult living team is part of the company’s multifamily division. The group is led by Jeff Patterson, senior vice president, Stream Realty Partners, and comprised of a team of experienced professionals providing services in multifamily, student housing, senior housing and affordable housing. The multifamily transaction team has sold nearly 40,000 units totaling $2 billion in transaction volume since 2004.
About Stream Realty Partners
Stream Realty Partners, L.P. is a full-service real estate investment, development and services company. Since its formation in 1996, Stream Realty has grown from its two original partners to a staff of over 550 real estate professionals nationwide with office locations in Atlanta, Austin, Charlotte, Dallas, Denver, Ft. Worth, Houston, Southern California, San Antonio and Washington, D.C. Stream Realty leases and/or manages more than 120 million square feet of commercial buildings across the nation; completes over $1.6 billion in real estate transactions annually; and is considered one of the most active investors and developers in the Southwest.
Stream Realty Partners is a commercial real estate services organization working for owners, investors and occupants. Stream is privately held and specializes in leasing, property and facilities management, tenant representation, development, investment, and sustainability.