San Antonio ISD is halfway through the competitive sealed bid process to sell a number of prime real estate properties–and is seeing strong response from developers both locally and nationally.
The six parcels of public land comprise the largest portfolio of desirable urban core properties in San Antonio in years, and have generated significant interest. SAISD has fielded more than 100 inquiries, mostly from multifamily developers, with the deadline for bids set at May 26.
For sale are properties at: 1702 N Alamo St and nearby parcels on Austin Street; Fox Tech High School football and baseball fields; the Gonzales Center at 518 E Magnolia Ave; the Food Services warehouse at 2 Haven for Hope Way; the lots on South Presa Street; and the vacant lots on Lord Road.
With the sale of the land, SAISD hopes to raise $55M to $60M for the development of a consolidated central office building.
The six properties up for bid are being managed by Transwestern’s Larry Mendez.
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