San Antonio real estate fund buys 880-acre master-planned community

San Antonio-based Brass Real Estate Funds and master-planned community developer Convergence Communities have partnered again to buy more than 880 acres on the western outskirts of Loop 1604.

Cornered by Texas 211 and US 90, the contiguous plot of land is the future site of a master-planned community, the details for which are in the preliminary stages. Brass Real Estate Funds initially came across the site but — based on the size, timing and complexity of the development — decided a partnership with Convergence Communities, a developer it has worked with in the past, would be the best way to go.
While there is still plenty of ironing out to do, the two firms are looking to build a community with homes ranging from $230,000 to nearly $700,000. It would include a variety of living options, including single-family residences and apartments, supplemented by retail and office space. The community will be near the Briggs Ranch Golf Club, with the recently renovated Golf Club of Texas snuggling the southern area of the parcel.

Read more here on the San Antonio Business Journal

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