The largest undeveloped tract in Northwest San Antonio was auctioned off in federal bankruptcy court this morning for $20.3 million.
The 114-acre property sits at the corner of UTSA Boulevard and I-10 and is residentially zoned. The buyer was Robert J. Schumacher of Schumacher Interests Inc., a California-based investment company. Bidding for the property began at $15 million. Austin-based multifamily developer Oden Hughes was also interested in the property, but stopped bidding after the price…Huwebes, Marso 26, 2015
Sold at bankruptcy auction: 114-acre site at I-10, UTSA Boulevard goes for $20.3M
The largest undeveloped tract in Northwest San Antonio was auctioned off in federal bankruptcy court this morning for $20.3 million.
The 114-acre property sits at the corner of UTSA Boulevard and I-10 and is residentially zoned. The buyer was Robert J. Schumacher of Schumacher Interests Inc., a California-based investment company. Bidding for the property began at $15 million. Austin-based multifamily developer Oden Hughes was also interested in the property, but stopped bidding after the price…
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