Texas
Lynd Living starts Far West Side apartments
Potranco Commons in San Antonio will have 360 units
Lynd Living's David Lynd (Linkedin, Getty)
By
Feb 28, 2023, 6:17 PM
Lynd Living started construction on a 360-unit apartment complex just south of the intersection of Potranco Road and Loop 1604 in San Antonio’s Far West Side, the San Antonio Business Journal reported.
The project is estimated to cost around $70 million, or about $194,000 per unit, and is being developed by Lynd Living, a local multifamily developer. The company has completed 56 apartment complexes, totaling over $280 million, across the country with a focus in its home state of Texas. Units at its newest development, the Potranco Commons, are expected to come to market in May.
Located at 202 West Loop 1604, Potranco Commons is a sister property to the company’s Culebra Commons apartments situated farther north. The Potranco Commons will include one to three-bedroom options starting at a minimum of 540 square feet to 1,350 square feet, according to the development’s website.
The company seeks to engage tenants and cater to their preferences via surveys to better organize events for would-be residents, Lynd Living President and CEO, David Lynd, told the SBJ. Amenities at the new development include poolside televisions and an on-site internet cafe and coffee bar as well as activities like volleyball and cornhole.
Development in San Antonio has been booming as builders aim to capitalize on the growth of the Far West Side and the city more broadly. San Antonio was the fastest-growing city in the nation in 2022, according to data compiled by the U.S. Census Bureau, where the area saw an increase of nearly 14,000 residents year-over-year.
The western edges of San Antonio have been a hotbed of activity to meet this demand. The Far West Side had 1,815 apartment units under construction going into 2023, the San Antonio Business Journal previously reported, using data from real estate research firm Zonda. San Antonio has grown considerably over the last ten years and as Austinites continue to get priced out of its sister metro, buyers are beginning to eye the Alamo City for its more cost-effective housing market.
