Bart C. Koontz Of Koontz Corp. Acquires 9.66 Acre Development Site From William J. Collins

A 9.66-acre development site located at Loop 1604 & Blanco Springs Road in the San Antonio market was acquired by Koontz Corp. for a multifamily project. The asset will span 264,015 square feet and is set to include high-end amenities. This site will serve as the future home for The Elle, a 305-unit luxury multifamily community scheduled to break ground in the third quarter of 2025 and expected to be completed by June 2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not Provided
• Address: Loop 1604 & Blanco Springs Road
• Market: San Antonio
• Acres: 9.66
• Buyer: Bart C. Koontz - Koontz Corp.
• Seller: William J. Collins - The Concordia Group

Bart C. Koontz, representing Koontz Corp., engaged in this real estate transaction to develop a new luxury multifamily project. The seller, William J. Collins, represents The Concordia Group, which facilitated the sale of the property. The Elle community is strategically located near upscale master-planned communities.