Another luxury multifamily development is headed for the north end of Loop 1604 now that Embrey has gotten the green light.
The local development, construction and management firm has closed on a 299-unit luxury multifamily complex at the entrance to the Rogers Ranch development along Loop 1604 at 3231 N Loop 1604 West. Marketed as the Ridgeline at Rogers Ranch, it will be the first project in a commercial mixed-use tract, but the third Embrey has in North San Antonio.
Spanning 15.77 acres, Ridgeline will have two four-story, elevator served “E-Urban” buildings and eight two-story “big house” buildings. There will also be room for seven carriage-style buildings with three units over six garages. The complex will follow a Hill Country contemporary architectural theme with stone, stucco, lap hardi-plank siding and corrugated metal accents. Two design schemes will be used, and all units will have granite countertops in the kitchens and bathrooms and stainless steel GE appliances.
Ridgeline will also tout community amenities such as two resort-style pools, four furnished courtyards, a wet deck tanning area, water volleyball, a covered cabana with a bar area, fireplaces, an outdoor television and gas grilling station. A dog park and trellised overlook area will also be on site.
“There are a lot of projects on the north end (of the city), and we’re excited to be an entrance to the Rogers Ranch development,” Trey Embrey, the firm’s president, said.
Known as a luxury developer in affluent pockets of San Antonio, Embrey is also behind two other developments in high-rent neighborhoods of the city. Dwell at Legacy, at 1810 East Sonterra Blvd. near the Highway 281 and Loop 1604 intersection, will be opening in 30 to 60 days and bringing nearly 290 units to the exploding north central market. Its second, the Grand at the Dominion, along I-10 at Boerne Stage Rd., is open and leasing some of its 320 units as construction nears completion.
“To underwrite the projects we develop, we need the rents that are $1.40-plus per square foot,” Embrey said of the firm’s focus on San Antonio’s north side. “Typically here, you have to go to the north side to get those sorts of rents, aside from downtown and midtown.”
Ridgeline will “absolutely” be at the upper end of the market, Embrey explained, and fits in with the upscale image that slice of the San Antonio residential market has come to garner.