Real estate
BY PARKS KUGLE
1604 Public Improvement District to include new townhomes, hotel
New housing development Centero at Stone Oak in the works
1604 Public Improvement District
Amenities area (these include pocket parks, pickleball courts, dog play and picnic areas) The district consist of commercial and residential development across 22 acres. Commercial Hotel Townhome community
Chesmar Homes is now selling properties at its newest development in Stone Oak. Known as Centero at Stone Oak, the community o ers three and four-bedroom homes in seven di erent models. The details Located at 20675 Huebner Road, the single-fam- ily community o ers homes ranging from 1,661 to 2,300 square feet. Prices start at $425,990 and go up to $495,990. Amenities include a 50-inch electric replace in each home, covered patios and two to three bathrooms. Centero at Stone Oak is located within North East ISD, with residents zoned for Las Lomas Elementary School, Barbara Bush Middle School and Ronald Reagan High School. Liz Hernandez, a new home consultant with Chesmar Homes, said Centero Stone Oak stands out because it is the only development in the area where people can buy a newly constructed home.
tandem pickleball courts, three trailheads and 52 o -street parking spaces. Though construction of the public improve- ment district is estimated to cost around $4.5 million, $6 million in funds have been earmarked for its construction. The reason $6 million has been allocated is because these investments are going to happen in the future so expenditures may increase, said David Wright, a developer with Bitterblue Group. By the numbers According to city documents, the estimated property tax rate for the 1604 PID is $0.206283 per $100 valuation. It is estimated to generate $1.545 million in additional revenue for the city once it is fully developed.
A mixed-use development, which will include retail, a hotel, townhomes and a park connected to trailheads, is coming to Shavano Park. Sorting out details Known as the Shavano Park 1604 Public Improvement District, the proposed mixed-use development will sit on 22 acres at the intersection of Loop 1604 and Pond Hill Road. According to city documents, the development will include approxi- mately 6.6 acres of residential property.
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“[Centero at Stone Oak] is in a centralized location in a highly desirable area, and [the community] is the only new development in Stone Oak. Everything else is pre-owned, [and] you would have to remodel to [give a pre-owned home comparable amenities,]” Hernandez said. Stay tuned The development is currently under construc- tion and is estimated to be fully completed by late 2027.
LINDENHURST
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The project will include: • 5.3 acres of commercial
• 2.9 acres for a hotel • 30-40 townhomes • 6 acres of recreational space Design elements also include a dog park,
The homes feature modern amenities, high ceilings and range from 1,661 to 2,300 square feet.
POND HILL RD.
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SOURCE: CITY OF SHAVANO PARK COMMUNITY IMPACT
PARKS KUGLE COMMUNITY IMPACT
STONE OAK 23026 US Hwy 281 N (210) 497-1322 DE ZAVALA 5219 De Zavala Rd (210) 561-0900
VINEYARD 1309 N Loop 1604 W (210) 408-8206
RECTOR 819 E Rector Dr (210) 340-2244
LEGACY 2003 N Loop 1604 E (210) 494-8600
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