An Office project in North Central San Antonio will soon have some retail company. Local developer Efraim Abramoff says contrsuction will begin next month on the Shops at Churchill Estates. The 33,134-square-foot retail center will be located at the southeast corner of Huebner Road and Churchill Estates Boulevard.
Shell spaces should be ready for tenant finish-out by next February, says Abramoff, president of the development/investment firm Ariel Texas Star, Inc.
The Shops at Churchill project will join an office development also in the works for Huebner and Churchill Estates. To date, the Huebner Town Center consists of 15,000 square feet of space – spread out over three garden offices that are 4,000, 5,000 and 5,000 and 6,000 square feet each. The buildings came online back at the end of 2005. To date, the Town Center is 66 percent leased; only the 5,000 square-foot building is still up for grabs, according to Abramoff.
The reception for the office project thus far also prompted the developer to begin work on phase two of the Huebner Town Center, which is a two story office building encompassing 31,900 square feet. Construction will begin within the next 60 days, according to Robert Adams, in-house consultant for Ariel Texas Star. The shell spaces are to be ready by next June, he add.s
Ariel Texas Star is serving as both developer and general contractor on both the Town Center and the Shops.
And the work is far from over, notes Abramoff, who owns roughly 13 acreas at the Huebner ad Churchill Estates intersection. Over the next two years, he plans to bring a grand total of 200,000 square feet of commercial development to this intersection.
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“We plan to stay light on our feet and adapt as we go along.” he adds.
Abramoff has chosen wisely in terms of locations for his latest retail and office projects, says Ernest Brown, executve vice president and managing director for the local office of Grubb & Ellis Co. The project is in an area that boasts impressive demographics – namely a lot of housing and some higher incomes.
The trick will be guaging just how much office and retail development the area needs. That Abramoff has been going forward with smaller bits of space at a time wold work his advantage, Brown continues.
“He does 15,000, 20,000 or 30,000 square feet and fills that in. (Abramoff) will be able to guage when the market gets sated.”
