Exclusive: $57M development will bring hundreds of new homes to Castroville
A local developer is plotting a new master-planned community in Castroville.
King Fish Development, which is headquartered on San Antonio’s North Side, inked a deal last week for 255 acres in Medina County along Highway 90, immediately west of San Antonio.
With an estimated $57 million development cost, the project will offer around 680 single-family lots at 50, 60 and 70-foot widths at an average lot size of 8,500 square feet.
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“It’s probably going to be a 7-8 year project,” said Jeff Czar, who co-founded King Fish with partner Shad Schmid. He said lots will be built across three phases for each of the different lot sizes, at around 100 lots delivered yearly.
“So that way you have different offerings,” he said.
Czar said the company is in talks with homebuilders, and that the product will likely be move-up homes.
“We anticipate that the average sales price in that location is probably going to be hanging around the high $500K to $600K range,” Czar said. Additionally, he said the seller is going to retain some of the property’s Highway 90 frontage, likely for commercial use.
Amenities will include “a big central park, with a swimming pool and club and gathering spaces,” Czar said. “We’re really trying to focus on connectivity between all the different units — easy, walkable.”
A public improvement district (PID) will also be formed for the project to help finance water, sewer, road and drainage infrastructure. The property, which is in Castroville’s extraterritorial jurisdiction (ETJ) outside city limits, will eventually be annexed into the city of Castroville.
“We’re excited about it, obviously, and I think it’s a big deal for the city of Castroville as well,” Czar said.
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1 |
1 |
Perry Homes |
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2 |
2 |
Chesmar Homes |
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3 |
3 |
David Weekley Homes |
