Joint Venture Starting Work on Mixed-Use Project in Kerrville

Sendero Cross Capital and WindRidge Real Estate are working together on Tivy Commons, a 25-acre mixed-use project that will be located about 65 miles northwest of San Antonio in Kerrville. The name comes from the site of the former Tivy Middle School and High School before closing in 2021, though sections of the original gym floor have been preserved by the Kerrville Independent School District.

Plans for Tivy Commons are still being finalized, but the development team expects the multifamily component to make up 250 to 300 units and the retail/restaurant component to comprise 150,000 to 200,000 square feet. Potential hotel and entertainment uses are also being explored. Demolition of existing structures on the site are underway and expected to be complete in the first quarter of 2023. At that time, construction of retail pad sites will commence, with the groundbreaking of retail boxes and multifamily buildings to follow later that year.