Alliance Residential Buys Land, Prepares for 384-Unit MF Development
February 14, 2020
Alliance Residential struck a deal with Galleria Ventures Ltd. to acquire 16.2 acres east of the University of Texas at San Antonio. The Phoenix land buyer is planning to build an as-yet-unnamed 384-unit multifamily complex. The property is at 14838 Vance Jackson Rd., southeast of Presidio Parkway.
Tripp Rich with Dosch Marshall Real Estate represented Alliance Residential in the transaction. He told the San Antonio Business Journal that the buy represents the last multifamily zoned site in San Antonio’s northwest corridor. Deborah Bauer of Drake Commercial Group represented the seller.
Rich noted that the land’s appeal to Alliance was its proximity to good schools and high-priced, single-family homes, as well as retail and employers including USAA and UTSA. Alliance is no stranger to the region, owning and operating 15 residential properties.