San Antonio Developer Eyeing RV Park/Hotel/Apartments
Developer Craig Glendenning bought four parcels south of the Alamodome in 2020. He has big plans for the parcels, but for the short term, he’s going with an RV park. When market conditions improve, he wants to turn the site into a dual apartment and hotel project.
The San Antonio Business Journal reports Glendenning said, “It’s designed for a 300-unit apartment complex and a 270-unit hotel. But right now, I don’t think the time is right — from an investment lending standpoint — to get that project done”.
He foresees a five- to seven-year period where it functions as an RV park before the dual project. In that time, the park will be open for short-term rentals up to 30 days at about $75 per day.
$2 million would be invested in paving the site and building out the amenities.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.