VIA Centro Plaza, San Antonio

April 20, 2017 Comments Off on 270K-SF Vacant Industrial Sells – At Last Views: 281 San Antonio, Texas News

270K-SF Vacant Industrial Sells – At Last

VIA Metropolitan Transit acquired the 270,000-square-foot, vacant industrial center, known as the Scobey center, on San Antonio’s near West Side. The transit agency plans to turn the historic six-building complex at 301 N. Medina St. into a mixed-use development project, called VIA Villa, near its headquarters and Centro Plaza transit hub.

The buyer paid $5.2 million to the seller, which consisted of two partnerships managed by local developer Ed. Cross. Cross, who is CEO of San Antonio Commercial Advisors, was under contract to sell the property in 2016 to another developer, but that deal fell through. The Scobey dates to 1940, but one of the buildings’ cornerstones indicated it was built in 1913.

The surrounding neighborhood is a combination of vacant lots, abandoned industrial sites and huge government buildings. However, some new development is starting to creep into the West Side. Plus, University of Texas-San Antonio’s campus is a few blocks west of the Scobey.

Read More at san Antonio Express-News

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