373-Unit Multifamily/Retail Going In at Brooks in San Antonio

The Brooks Development Authority just ended a multiyear search for a partner to build its fifth housing development, a planned mixed-use project featuring residential apartments and retail space.

Brooks, a public-private partnership with the City of San Antonio, has teamed with Houston-based Morgan Group to construct Caroline at Brooks, an eight-building complex of multifamily and mixed-use tenants.

Work starts soon on the $84 million project, which is expected to yield 373 apartments as well as ground-level retail and live-work units. Apartments will range from 614 to 1,660 square feet, with rental rates starting around $1,100 per month.

Once complete, Caroline at Brooks will be one of the larger developments to land at Brooks since the Air Force ceased operating at the facility in 2011. The Brooks Development Authority was formed in 2001 in a partnership with the city, state, and federal authorities as part of a broader economic development plan to revive the property.