The Riverwalk Extension Project

The San Antonio Riverwalk is one of the most dynamic tourist attractions in the whole state of Texas. Forbes rates The Riverwalk as the 14th most visited tourist attraction in the country with over 5 million visitors per year. It brings $800 million a year into our local economy. With the new extension project, The Riverwalk will expand along the San Antonio River North all the way to the Witte Museum and South all the way to the famous San Antonio Spanish Missions National Park. The new extension plan, officially called The San Antonio River Improvements Project, will offer walking trails, parks, sidewalks and even a grotto with waterfall along the way. The entire Riverwalk Expansion Project will be done in phases and will total over 200 million dollars. The Northern push is named the Museum Reach and is scheduled to be complete in Spring 2011. Part of this Museum Reach develops the river along the old Pearl Brewery that’s currently being renovated as well to include retail and residential loft space. The Southern part is called the Mission Reach and is broken down into 4 phases, the first being almost complete now and the fourth to be completed in 2012.

Why am I telling you about this? It presents a huge opportunity for investors. Real estate investors have been focusing on older neighborhoods that are adjacent to, or near this new development. A huge opportunity now exists, as previously undesirable older areas near downtown are now the hot new thing. Picture yourself walking 2 blocks from your historic home and jumping on the water taxi and going downtown for dinner and drinks. No parking, no traffic, and a built in designated driver. This project is going to dramatically change many neighborhoods and add an exciting new urban element to San Antonio living. If you are interested in investing in this opportunity, click here as we have done all the research and can guide you into the areas that we are investing in and are betting will benefit. Here are some recent pictures we took of the progress as well as artist renderings of how the project will look.