Developer Plans $70 Million Condominium Project in San Antonio

San Antonio is getting a rare addition to its undersupplied condo market.

Developers are nearing the start of construction on The Gabriel, a $70 million condominium community on the city’s Far Northwest Side, the San Antonio Business Journal reported.

Backed by Austin-based Metropolitan Development Copmpany and Agave Land & Development, the 8.5-acre project will bring 148 for-sale units to 10225 Braun Road, a few miles from the Government Canyon State Natural Area. The three-building development plan includes a 6,000-square-foot coffee shop, a 24/7 coworking space and seven “hobby units” marketed as private art studios or home offices.The estimated construction cost comes to $473,000 per unit.

Prices start at $218,700 for a studio, and three-bedroom units will span about 1,500 square feet. The firm is targeting 20 to 25 percent pre-sales before starting construction, said Pawel Hardej, principal at Metropolitan Development Company.

Work could begin in late summer, with move-ins slated for mid-2027. The project’s centerpiece is a 4.5-acre private park, featuring a saltwater pool, dog park, walking trails and community gardens.

Potential buyers are a mix of local empty-nesters downsizing and young professionals drawn to the affordability, Hardej said.

The developers initially envisioned a rental complex but pivoted to condos amid rising interest rates and an oversupply of apartments.

The project would feature Italian cabinetry and Mexican-made fixtures, which Hardej said are shielded from steep tariff impacts due to bulk purchasing and negotiated trade terms.

High-end condo projects are becoming more popular in Texas.

Fort Worth’s first luxury condo project, The Seven at Bowie House, is a small but bold attempt to spark Texas’ high-end condo market. Developed by Jo Ellard, the project’s seven units are being offered for about $2,000 per square foot, adding up to about $6 million each, offering luxury living with hotel-style amenities.

— Judah Duke