{"id":4730,"date":"2025-10-15T11:50:21","date_gmt":"2025-10-15T11:50:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/4730\/"},"modified":"2025-10-15T11:50:21","modified_gmt":"2025-10-15T11:50:21","slug":"developer-building-more-housing-retail-around-ut-san-antonio","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/4730\/","title":{"rendered":"Developer building more housing, retail around UT San Antonio"},"content":{"rendered":"

Developers are breaking ground on a new residential and business district down the street from University of Texas at San Antonio.<\/p>\n

Schumacher Interests will break ground Wednesday morning on a 112-acre mixed-use district called The Merc near the corner of UTSA Boulevard and University Pass.<\/p>\n

The district will include shopping and dining options in more than 200,000 square feet of retail space. There will be more than 1,600 apartments and the project will cost $350 million, according to a press release.<\/p>\n

Developers expect the first businesses and apartments to begin opening in summer 2026.<\/p>\n

\u201cAnchored by outdoor amenities like golf, pickleball, an ice house and a trailhead connecting directly to the Leon Creek Greenway, the District is designed as a lifestyle-centered hub for commerce, culture, and connection,\u201d a press release for the development said.<\/p>\n

Through a limited partnership, Schumacher Interests already owns two apartment complexes at the site, Oxly and Lyric at the Merc. Those properties are worth $61 million and $45 million, respectively, according to the Bexar County Appraisal District.<\/p>\n

The land owned by the partnership, UTSA BLVD IH 10 LP, included the Aloft Hotel, which was built on UTSA Boulevard.<\/p>\n

City officials approved a $2.1 million agreement to build University Pass at the site in 2018.<\/p>\n

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\n\t\t\t\t\t\t\tJasper Kenzo Sundeen covers business for the San Antonio Report. Previously, he covered local governments, labor and economics for the Yakima Herald-Republic in Central Washington. He was born and raised…\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tMore by Jasper Kenzo Sundeen\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Developers are breaking ground on a new residential and business district down the street from University of Texas…\n","protected":false},"author":2,"featured_media":4731,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[5064,5065,82,84,83,5066,5067,3028,5068,3438,3439,5069,5070,3219],"class_list":["post-4730","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-antonio","tag-mixed-use-district","tag-oxly","tag-san-antonio","tag-san-antonio-headlines","tag-san-antonio-news","tag-schumacher-interests","tag-the-merc","tag-typedaily","tag-university-pass","tag-ut-san-antonio","tag-utsa","tag-utsa-blvd-ih-10-lp","tag-utsa-boulevard","tag-wc-less-than-500"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/4730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=4730"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/4730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/4731"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=4730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=4730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=4730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}