In early April 2023, a partnership between GenCap Partners and International Capital successfully closed on the construction loan for a new Class A, 372-unit sustainable multifamily community in San Antonio, TX.
Located in the affluent Westover Hills submarket, the site is uniquely located to benefit from the neighborhood’s nearly 24 corporate employers and 7 data centers that together employ over 40,000 people.
Park at Westover Hills will be constructed as a three-story, garden-style development, including luxurious amenities such as a resort-style pool & outdoor grilling stations, professional wellness studio with CrossFit equipment, clubhouse, dog park, and multi-sport simulator. The project will offer studios, one- and two-bedroom units as well as townhomes.
Construction is expected to begin imminently with a targeted completion in early 2025. Amegy Bank provided the construction loan with Rampart Construction, LLC acting as the General Contractor.