San Antonio, Texas - De Ayala Properties
Transcription
San Antonio, Texas - De Ayala Properties
Plaza Mexico San Antonio, Texas TABLE OF CONTENTS 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14-17. 18-19. 20. 21. 22-28. 28-30. 31-33. 34-39. 40. 41. 42-44. TABLE OF CONTENTS SITE LOCATION MAP OVERALL SITE PLAN RENDERED SITE PLAN THE SHOPS @ PLAZA MEXICO SITE PLAN THE SHOPS @ PLAZA MEXICO PROPOSED LEASE PLAN VIEW TO THE NORTH FROM THE CORNER OF N. ELLISON DR. AND W. MILITARY DRIVE THE SHOPS @ PLAZA MEXICO – RENDERING. DESIGN PHOTOS DESIGN PHOTOS PLAZA MEXICO GENERAL INFORMATION WESTOVER HILLS MASTER PLAN PRICING SHEET & PLAZA MEXICO DEVELOPMENT PROFORMA SAN ANTONIO VISITOR INFORMATION SOCIO ECONIMIC BENCHMARK CONSUMER EXPENDITURE SUMMARY REPORT DEMOGRAPHICS WEST SAN ANTONIO RESIDENTIAL LOT GROWTH WEST SAN ANTONIO TRADE AREA. METROSTUDY POSTAL COUNTS ARTICLES TREC REPORT POTENTIAL IMMIGRATION BENEFITS LETTER OF INTENT Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] em an W is d. .p. 0c ,40 13 r ve sto e W H Ingram Park Mall s ill Cu le br a Ell Loop 1604 32,000 c.p.d. Warren High School s ga Du 39,0 00 41 0 20,000 c.p.d. HWY 151 c.p. d. H nd ills hl a c i R Stevens High School Potranco c. p. d. o nc tra Po ary W. Milit d. .p. c 0 ,60 16 00 0 Hyatt Hill Country Vacation Club 15 8, .M ry ta LO OP r. nD is o Site W 80 Acres ili SOUTHWEST RESEARCH 15,900 c.p.d. HWY 151 Site Location Map NOT TO SCALE 23,000 c.p.d. Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Restaurant ST. HWY. 151 W. MIL WESTOV ER HILL ITARY DR. S BLVD. Vallero Future NISD Middle School Overall Site Plan NOT TO SCALE Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] St. Hwy. 151 Parcel 1 Parcel 2 Parcel 3 Parcel 4 Parcel 6 Parcel 7 Parcel 8 Lake Parcel 9 Parcel 10 Parcel 5 Parcel 14 Parcel 11 Office 2 NOT TO SCALE ry D Condo. 2 Office 1 Site Plan ilita Condo. 1 W. M Parcel 12 r. Parcel 13 N. Ellison Dr. Retail Office Condominium Hotel Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Retail 7 PM- 0 0 7,7 PM-4 5,250 PM-5 6,300 ry D 6 PM- 0 0 8,5 ilita -9 0 M P ,40 15 PM-8 10,3 25 PM 19 -2 ,6 68 PM-3 20,270 W. M PM 17 -1 ,5 00 r. 0 -1 0 M P ,45 19 N. Ellison Dr. The Shops @ Plaza Mexico Site Plan NOT TO SCALE Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] The Shops @ Plaza Mexico Proposed Lease Plan NOT TO SCALE PM-1 = PM-2 = PM-3 = PM-4 = PM-5 = PM-6 = PM-7 = PM-8 = PM-9 = PM-10 = TOTAL 17,500 S.F. 19,688 S.F. 20,270 S.F. 5,250 S.F. 6,300 S.F. 8,500 S.F. 7,700 S.F. 10,325 S.F. 15,400 S.F. 19,450 S.F. 130,383 S.F. Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] St. Hwy. 151 N. Ellison Dr. W. Military Dr. View to the North from the corner of N. Ellison Dr. and W. Military Dr. Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] The Shops at Plaza Mexico Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] 10 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] PLAZA MEXICO GENERAL INFORMATION The Shops at Plaza Mexico Conceptual Design Narrative OVERALL SITE: 80 ACRES Retail: Parcel 1: Parcel 2: Parcel 3: Parcel 4: Parcel 5: Parcel 6: Parcel 7: Parcel 8: Parcel 9: Parcel 10: Parcel 11: nts loop 1604 ver o est 51 y. 1 Hw ed g.s.f. g.s.f. sB Hill W pos Pro Site 200,000 200,000 . lvd . Office 1: Office 2: The Design of The Shops at Plaza Mexico is intended to convey the essence of a shopping experience in Old Mexico but be located near some of the main tourist attractions in San Antonio, Texas. It will consist of variety of craft focused shops and restaurants ranging in square footage from less than one thousand square feet to more than ten thousand square feet each. The exterior shells of buildings will be made of economic materials perhaps concrete tilt wall construction with steel joists which have been enhanced with traditional Mexican building materials. The faces of the buildings will be decorated with carved stone highlights at the main entry points and a cantera stone wainscot through out. The facades will generally be a mix of stucco finishes and details painted in bright and mute colors. Featured entries may have domed cupolas with ceramic tile highlights. The interior courts will be paved with stained concrete and have highlights of natural stone and masonry at the main intersections and entries. The center court will contain a large gazebo that could serve as a band shell or a stage. Along the pathways there will be a variety of fountains, trellises, arcades and seating areas. The entries will be punctuated buy large multi-level fountains or statuary. The storefronts will feature a variety of materials including wood, steel and aluminum and will be shaded with deep arcades, canvas awnings, and decorative steel canopies either supported off of the buildings or on columns. The landscaping will be colorful and appropriate to the architecture. The goal of the architecture will be to create a unique environment for specialty shops that have a Mexican theme. Vicinity Map n Dr 6.18 acres lliso 17.53 acres Right of Way: N. E Office: 3.8 acres St. 3.62 acres 2.55 acres 2.52 acres 2.48 acres 2.49 acres 2.34 acres 2.02 acres 2.09 acres 1.39 acres 2 acres 5.49 acres The Shops @ Plaza Mexico: 17.89 acres Retail Space: 130,000 s.f. Lake Area: W ry ita il .M Condominium: 4.81 acres Building 1: Parking Garage: Residential: Building 2: Parking Garage: Residential: 60,000 s.f. 120,000 s.f. north loop 410 60,000 s.f. 120,000 s.f. Note: All acreage and square footages are approximate. 11 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Westover Hills Master Plan Pricing Sheet Pad Sites Parcel Parcel Parcel Parcel Parcel (Hotel) Parcel Parcel Parcel Parcel Parcel Parcel 1 2 3 4 5 6 7 8 9 10 11 Plaza Mexico Development Proforma Acreage Sq. Feet Price Per SF Total 3.62 2.55 2.52 2.48 2.94 2.34 2.02 2.09 1.39 2 5.49 157,687 111,078 109,771 108,029 128,066 101,930 87,991 91,040 60,548 87,120 239,144 $11.00 $11.00 $12.00 $12.00 $12.00 $12.00 $14.00 $15.00 $22.00 $15.00 $7.50 $1,734,559 $1,221,858 $1,317,254 $1,296,346 $1,536,797 $1,223,165 $1,231,877 $1,365,606 $1,332,065 $1,306,800 $1,793,583 7/26/07 Item Cost Per Sq. FT. of Building Notes Land $6,664,680 $51.27 17 acres at $9.00 psf Site Work $4,909,513 $37.77 Shell Building $8,557,900 $65.83 Architectural $300,000 $2.31 Structural Engineering $200,000 $1.54 Civil Enginerring $200,000 $1.54 Testing $25,000 $0.19 Permiting $10,000 $0.08 Geotech $10,000 $0.08 Environmental $10,000 $0.08 Tap fees $50,000 $0.38 Development Fee $538,697 $4.14 4% Contingency $538,697 $4.14 4% Construction Interest $648,000 $4.98 $22,662,486 $174.33 130000 Retail Center Plaza Mexico Parcel 14 17.89 779,288 $9.00 $7,013,596 Condominium Parcel 13 4.81 209,524 $8.00 $1,676,189 Office Sites Parcel Project Total Lake 80' r.o.w. Total Acreage 12 17.53 763,607 69.67 3.8 3,034,825 $5.00 $3,818,034 Total Development Costs 6.18 79.65 12 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] San Antonio Visitor Information No. of Visitors per Year Venue San Antonio Visitors 21.3 Million Rivercenter Mall 19 Million San Marcos Outlet Malls 6 Million Convention/Business 3.9 Million The Alamo 2 Million Sea World * Shops at La Cantera * Six Flags Fiesta Texas * Information provided by the San Antonio Area Tourism Council * Proprietary information not available VISITOR INFORMATION 13 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Socio Economic Benchmark Report Socio Economic Benchmark Report ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 08-21-2006 Coordinates Longitude: Latitude: -98.630450 29.433880 08-21-2006 Coordinates Longitude: Latitude: 100.0 Mile Ring 31415.93 sq/mi POPULATION 2000 Population 2005 Population 2010 Population % Population Change 1990-2000 % Population Change 2000-2005 Population in Group Quarters (2000) Population in Group Quarters (2005) Population in Group Quarters (2010) HOUSEHOLDS 2000 Households 2005 Households 2010 Households % Households Change 1990-2000 % Households Change 2000-2005 Average Household Size (2000) Average Household Size (2005) Average Household Size (2010) FAMILIES Family Households (2000) Family Households (2005) Family Households (2010) Non-Family Households (2000) Non-Family Households (2005) Non-Family Households (2010) Population in Family Households (2000) Population in Family Households (2005) Population in Family Households (2010) Population in Non-Family Households (2000) Population in Non-Family Households 100.0 Mile Ring 31415.93 sq/mi (2005) Population in Non-Family Households (2010) 3,207,562 3,571,452 3,913,212 29.67% 11.34% INCOME Per Capita Income (2000) Per Capita Income (2005) Per Capita Income (2010) 96,998 101,223 101,222 1,162,437 1,263,526 1,358,541 30.16% 8.7% 2.7 2.7 2.8 791,609 838,205 881,221 Average Household Income (2000) Average Household Income (2005) Average Household Income (2010) $55,444 $60,689 $67,508 Median Household Income (2000) Median Household Income (2005) Median Household Income (2010) $41,655 $46,351 $52,311 Average Family Income (2000) Average Family Income (2005) Average Family Income (2010) $62,763 $69,971 $76,865 Median Family Income (2000) Median Family Income (2005) Median Family Income (2010) $49,399 $54,528 $59,762 $64,484,520,4 59 $78,059,399,9 85 $93,229,632,4 59 Aggegrate Income (2005) Aggegrate Income (2010) 2,629,343 2,884,867 3,133,252 HOUSEHOLD INCOME Household Income <$10,000 (2000) Household Income $10,000-$14,999 (2000) Household Income $15,000-$19,999 (2000) Household Income $20,000-$24,999 (2000) Household Income $25,000-$29,999 (2000) 481,221 585,362 Page 1 http://www.anysiteonline.com 678,737 $20,104 $21,856 $23,824 Aggregate Income (2000) 370,829 425,321 477,319 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 -98.630450 29.433880 110,541 70,623 73,175 78,863 77,242 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 14 Page 2 http://www.anysiteonline.com Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Socio Economic Benchmark Report Socio Economic Benchmark Report ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 08-21-2006 Coordinates Longitude: Latitude: -98.630450 29.433880 08-21-2006 Coordinates Longitude: Latitude: 100.0 Mile Ring 31415.93 sq/mi Household Income $30,000-$34,999 (2000) Household Income $35,000-$39,999 (2000) Household Income $40,000-$44,999 (2000) Household Income $45,000-$49,999 (2000) Household Income $50,000-$59,999 (2000) Household Income $60,000-$74,999 (2000) Household Income $75,000-$99,999 (2000) Household Income $100,000-$124,999 (2000) Household Income $125,000-$149,999 (2000) Household Income $150,000-$199,999 (2000) Household Income $200,000+ (2000) 79,157 69,745 66,057 59,225 106,078 119,150 115,804 58,597 Household Income < $10,000 (2005) Household Income $10,000-$14,999 (2005) Household Income $15,000-$19,999 (2005) Household Income $20,000-$24,999 (2005) Household Income $25,000-$29,999 (2005) Household Income $30,000-$34,999 (2005) Household Income $35,000-$39,999 (2005) Household Income $40,000-$44,999 (2005) Household Income $45,000-$49,999 (2005) Household Income $50,000-$59,999 (2005) Household Income $60,000-$74,999 (2005) Household Income $75,000-$99,999 (2005) Household Income $100,000-$124,999 (2005) Household Income $125,000-$149,999 (2005) Household Income $150,000-$199,999 (2005) Household Income > $200,000 (2005) 112,975 66,771 70,955 74,860 71,064 74,501 74,046 69,956 61,533 109,275 132,059 145,688 84,356 Household Income < $10,000 (2010) Household Income $10,000-$14,999 (2010) Household Income $15,000-$19,999 (2010) 115,142 62,504 64,868 100.0 Mile Ring 31415.93 sq/mi Household Income $20,000-$24,999 (2010) Household Income $25,000-$29,999 (2010) Household Income $30,000-$34,999 (2010) Household Income $35,000-$39,999 (2010) Household Income $40,000-$44,999 (2010) Household Income $45,000-$49,999 (2010) Household Income $50,000-$59,999 (2010) Household Income $60,000-$74,999 (2010) Household Income $75,000-$99,999 (2010) Household Income $100,000-$124,999 (2010) Household Income $125,000-$149,999 (2010) Household Income $150,000-$199,999 (2010) Household Income > $200,000 (2010) 28,043 24,865 25,272 42,493 32,891 40,104 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 -98.630450 29.433880 Page 3 http://www.anysiteonline.com 70,860 70,372 75,913 62,167 58,752 71,723 121,756 128,332 161,307 112,950 68,772 57,617 55,507 EDUCATION Population Age 25+ (2000) Less than 9th grade (2000) 9th-11th grade No Diploma (2000) High school graduate (incl equiv) (2000) Some college No Degree (2000) Associate Degree (2000) Bachelor's Degree (2000) Graduate or Professional Degree (2000) 1,984,078 199,851 210,628 471,358 457,123 110,123 348,774 186,221 Population Age 25+ (2005) Less than 9th Grade (2005) 9th-12th Grade No Diploma (2005) HS Graduate (2005) College No Diploma (2005) Associate Degree (2005) Bachelor Degree (2005) Graduate or Prof School Degree (2005) 2,244,303 240,722 248,068 585,589 441,963 137,281 395,989 194,691 Population Age 25+ (2010) Less than 9th Grade (2010) 2,507,279 251,101 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 15 Page 4 http://www.anysiteonline.com Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Socio Economic Benchmark Report Socio Economic Benchmark Report ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 08-21-2006 Coordinates Longitude: Latitude: -98.630450 29.433880 08-21-2006 Coordinates Longitude: Latitude: 100.0 Mile Ring 31415.93 sq/mi 9th-12th Grade No Diploma (2010) HS Graduate (2010) College No Diploma (2010) Associate Degree (2010) Bachelor Degree (2010) Graduate or Prof School Degree (2010) MARITAL STATUS Never Married (2000) Married Spouse Present (2000) Married Spouse Absent (2000) Widowed (2000) Divorced (2000) Non-Family 2+ Pers Female Head Children (2005) Non-Family 2+ Pers Male Head No Children Non-Family 2+ Pers Female Head No Children Family Married Couple w/ Children (2010) Family Male No Wife w/ Children (2010) Family Female No Husband Children (2010) Family Married Couple No Children (2010) Family Male No Wife No Childen (2010) Family Female No Husband No Children (2010) Non-Family 1 Person Male (2010) Non-Family 1 Person Female (2010) Non-Family 2+ Pers Male Head Children (2010) Non-Family 2+ Pers Female Head Children (2010) Non-Family 2+ Pers Male Head No Children Non-Family 2+ Pers Female Head No Children 698,919 1,247,090 145,945 132,804 262,801 766,792 1,396,635 171,149 295,443 142,991 Never Married (2010) Now Married (2010) Separated (2010) Divorced (2010) Widowed (2010) 842,563 1,492,154 223,211 342,124 151,581 HOUSEHOLD BY TYPE Family Married Couple w/ Children (2005) Family Male No Wife w/ Children (2005) Family Female No Husband Children (2005) Family Married Couple No Children (2005) Family Male No Wife No Childen (2005) Family Female No Husband No Children (2005) Non-Family 1 Person Male (2005) Non-Family 1 Person Female (2005) Non-Family 2+ Pers Male Head Children (2005) 100.0 Mile Ring 31415.93 sq/mi 259,837 690,191 443,467 171,904 462,344 228,435 Never Married (2005) Now Married (2005) Separated (2005) Divorced (2005) Widowed (2005) 310,500 36,341 123,723 300,328 25,773 41,540 161,386 198,320 1,550 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 -98.630450 29.433880 Page 5 http://www.anysiteonline.com 884 31,340 31,840 311,689 40,575 144,099 314,028 30,599 40,231 184,933 238,613 843 790 22,108 30,032 EMPLOYMENT STATUS Not in Labor Force (2000) Total Labor Force (2000) In Armed Forces (2000) Employed (2000) Unemployed (2000) 846,540 1,593,438 28,106 1,487,341 77,992 Population Age 16+ (2005) In Armed Forces (2005) Civilian Employed (2005) Civilian Unemployed (2005) Not in Labor Force (2005) 1,776,356 32,467 1,657,758 86,131 944,564 Population Age 16+ (2010) In Armed Forces (2010) 1,956,199 36,626 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 16 Page 6 http://www.anysiteonline.com Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Socio Economic Benchmark Report Socio Economic Benchmark Report ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 08-21-2006 Coordinates Longitude: Latitude: -98.630450 29.433880 08-21-2006 100.0 Mile Ring 31415.93 sq/mi Civilian Employed (2010) Civilian Unemployed (2010) Not in Labor Force (2010) 2000 EMPLOYMENT BY INDUSTRY Agriculture forestry fishing and hunting Mining Construction Manufacturing Wholesale Trade Retail Trade Transportation and Warehousing Utilities Information Finance and Insurance Real estate/rental/leasing Professional scientific and technical svcs Management of companies and enterprises Administrative/support/waste management svcs Educational services Health care and social assistance Arts entertainment and recreation Accommodation and food services Other services (exc public administration) Public administration VEHICLES AVAILABLE Total Vehicles Available (2005) Households No Vehicle (2005) Households 1 Vehicle (2005) Households 2+ Vehicles (2005) Average Vehicles Available (2005) Total Vehicles Available (2010) Households No Vehicle (2010) Households 1 Vehicle (2010) Coordinates Longitude: Latitude: -98.630450 29.433880 100.0 Mile Ring 31415.93 sq/mi 1,824,877 94,697 1,040,816 Households 2+ Vehicles (2010) Average Vehicles Available (2010) 805,869 2 16,143 6,085 122,318 154,044 45,397 176,147 48,956 13,371 50,648 81,367 32,196 95,561 435 56,559 146,443 146,182 22,781 102,625 73,323 96,759 2,279,290 84,922 446,038 732,566 1.9 2,552,956 80,984 471,687 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 Page 7 http://www.anysiteonline.com Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 17 Page 8 http://www.anysiteonline.com Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Consumer Expenditure Summary Report Consumer Expenditure Summary Report ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 08-21-2006 Coordinates Longitude: Latitude: -98.630450 29.433880 08-21-2006 Coordinates Longitude: Latitude: 100.0 Mile Ring 31415.93 sq/mi 2000 Population 2005 Population 3,207,562 3,571,452 2000 Households 2005 Households 1,162,437 1,263,526 100.0 Mile Ring 31415.93 sq/mi Food Away From Home Alcoholic Beverages Beer and Ale Not At Home Wine Away From Home Whiskey Away From Home $2,918.72 $523.08 $73.46 $35.77 $59.60 Average Household Income (2005) $60,689 Gifts $1,355.63 Total Expenditures $49,240 Health Care Health Care Insurance Health Care Services Health Care Supplies and Equipment Prescription Drugs Eyeglasses and Contact Lenses Medical Equipment $3,019.78 $1,570.13 $737.46 $712.19 $450.87 $126.96 $134.35 Household Furnishings and Equipment Household Textiles Furniture Floor Coverings Major Appliances Housewares and Small Appliances $1,998.48 $149.35 $545.32 $70.80 $243.71 $989.31 Shelter Mortgage Interest Property Taxes Other Owned Dwelling Costs Repairs and Maintenance Rent Other Lodging $9,882.20 $4,008.99 $1,635.37 $1,238.37 $926.52 $2,411.68 $587.78 Household Operations Babysitting and Elderly Care Household Services Other Household Operations $1,690.13 $405.23 $311.79 $973.11 Apparel Mens Apparel Boys Apparel Womens Apparel Girls Apparel Infants Apparel Footwear Apparel Services and Accessories Repair and Alterations Dry Cleaning Coin-Operated Laundry Other Services and Accessories $2,166.40 $377.68 $118.26 $698.61 $144.67 $110.58 $369.86 $346.74 $11.63 $99.45 $56.36 $179.31 Contributions $1,855.52 Education Books and Supplies Tuition $1,071.21 $149.43 $921.79 Entertainment Fees and Admissions Video and Audio Equipment Recreational Equipment and Supplies Pet Supplies and Services Other Recreational Equipment $2,692.36 $686.87 $942.69 $1,062.80 $262.86 $799.94 Food and Beverages Food At Home $7,343.86 $3,902.06 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 -98.630450 29.433880 Miscellaneous Expenses Legal and Accounting Page 1 http://www.anysiteonline.com $769.80 $92.49 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 18 Page 2 http://www.anysiteonline.com Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Consumer Expenditure Summary Report ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 08-21-2006 Coordinates Longitude: Latitude: -98.630450 29.433880 100.0 Mile Ring 31415.93 sq/mi Funeral and Cemetery Finance Charges Excl Mortgage & Vehicle Other Miscellaneous Expenses $83.75 $497.79 $95.78 Personal Insurance $535.77 Reading Newspapers Magazines Books $166.81 $71.43 $34.25 $61.13 Tobacco Cigarettes Other Tobacco Products $351.49 $316.28 $35.21 Transportation New Vehicle Purchase Used Vehicle Purchase Motorcycles (New and Used) Vehicle Finance Charges Gasoline and Oil Vehicle Repair and Maintenance Vehicle Insurance Public Transportation Other Transportation Costs Utilities Natural Gas Electricity Fuel Oil And Other Fuels Telephone Service Other Utilities $10,103.45 $2,778.26 $1,980.65 $84.19 $487.52 $1,709.22 $800.03 $1,166.63 $517.17 $579.79 $3,549.34 $496.42 $1,300.96 $130.82 $1,212.42 $408.72 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 Page 3 http://www.anysiteonline.com 19 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Updated Summary Report Updated Summary Report ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 ST HWY 151 & MILITARY DR W SAN ANTONIO TX 78227 07-18-2006 Coordinates Longitude: Latitude: 1.0 Mile Ring 3.14 sq/mi 3.0 Mile Ring 28.27 sq/mi -98.630450 29.433880 7,193 7,759 7,576 7,834 8,135 8,442 -2.36% 3.41% 61,513 75,153 82,340 88,839 95,445 102,705 9.56% 7.89% 182,790 208,886 231,078 246,607 262,346 279,653 10.62% 6.72% HOUSEHOLDS 1980 Households 1990 Households 2000 Households 2005 Households 2010 Households 2015 Households % Households Change 1990-2000 % Households Change 2000-2005 1,951 2,218 2,285 2,355 2,441 2,525 3.02% 3.06% 18,056 24,227 27,257 29,344 31,508 33,845 12.51% 7.66% 48,933 63,422 72,784 77,503 82,422 87,710 14.76% 6.48% 2005 RACE White Population Black Population Am Indian/Alaska Native Population Asian Population Hawaiian/Pacific Islander Population Other Race Population Two or More Races Population 3,999 638 87 87 0 2,688 335 48,999 7,566 943 1,329 78 25,694 4,228 150,536 16,819 2,523 3,653 216 60,667 12,193 2005 Hispanic Population 2005 Non-Hispanic Population 6,078 1,756 63,917 24,922 174,733 71,874 $11,946 $34,536 $39,739 $14,224 $36,770 $40,607 $14,331 $39,089 $43,883 223 2,911 8,111 Household Income < $10,000 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 Coordinates Longitude: Latitude: 5.0 Mile Ring 78.54 sq/mi POPULATION 1980 Population 1990 Population 2000 Population 2005 Population 2010 Population 2015 Population % Population Change 1990-2000 % Population Change 2000-2005 INCOME 2005 Per Capita Income 2005 Median Household Income 2005 Average Household Income 07-18-2006 1.0 Mile Ring 3.14 sq/mi Household Income $10,000-$24,999 Household Income $15,000-$19,999 Household Income $20,000-$24,999 Household Income $25,000-$29,999 Household Income $30,000-$34,999 Household Income $35,000-$39,999 Household Income $40,000-$44,999 Household Income $45,000-$49,999 Household Income $50,000-$59,999 Household Income $60,000-$74,999 Household Income $75,000-$99,999 Household Income $100,000-$124,999 Household Income $125,000-$149,999 Household Income $150,000-$199,999 Household Income > $200,000 Page 1 http://www.anysiteonline.com 3.0 Mile Ring 28.27 sq/mi 20 5.0 Mile Ring 78.54 sq/mi 263 218 188 138 162 194 182 124 188 207 163 50 27 10 17 1,853 2,111 2,426 2,292 2,306 2,180 1,933 1,604 2,849 2,803 2,442 1,000 333 145 156 4,733 5,350 5,699 5,273 5,340 5,189 4,972 4,468 7,373 8,126 7,445 2,994 1,158 608 664 Average Household Size Owner Occupied Units Renter Occupied Units 3.3 1,441 917 3 15,066 14,237 3.1 44,439 33,052 Total Establishments Total Employees 65 1,002 2,074 32,578 5,437 75,485 Source: Applied Geographic Solutions © 2005 MapInfo Corporation Copyright Troy, New York. All rights reserved. 1-800-489-8829 DEMOGRAPHICS -98.630450 29.433880 Page 2 http://www.anysiteonline.com Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] MEDINA COUNTY WEST SAN ANTONIO RESIDENTIAL LOT GROWTH FM Garrett 1150 Lots SH Sivage Hms Culebra Valley Ranch 258 Lots 1000 Lots Silver Oaks 497 Lots NEW GUILBEAU I EL DR W GUILBEAU RD New Territories 1957 Palo Blanco 190 Lots Village/Enclave in the Woods Mainland Square Area 778 270 Lots D Bridgewood 1052 Lots Meadows of Bridgewood 995 Lots Northwest Crossing 3318 John Marshall Area 622 Cripple Creek 112 Lots ER AR West Pointe III 1040 Lots 47 1 NF ND FM AE Wildwood 871 Braun Station 2030 BA OL D Stillwater Ranch 71 Lots 0 47 1 Gilbeau Park Area 2010 Wildhorse Vistas 264 Lots 15 6 FM Centex/Moos 749 Lots TEZEL RD Kallison Ranch Remuda Ranch 6500 Lots 480 Lots 47 1 OL D Weimer 1296 Lots FM Wind Gate Ranch 116 Lots D Coral Springs 121 Lots Wal-mart Westwinds North 92 Lots LE BR AR Great Northwest (W) 4926 LEON VALLEY D TALLEY RD CU Great Nortwest (E) 3350 NB IS W Maxim 000 U Properties in Residential Pre-Planning LE B R D E R RE 000 A Radisson Resort Oak Creek 247 D DR ING Crown Meadows 87 Lots RA MR D 140 Lots Incorporated Towns Proposed Thoroughfares Tara Area 1135 EA R Sunset 872 Lots ± ³ Champions Park 928 Lots GROSENBACHER Air Force Village 340 § ¦ ¨ Westbury Place 265 Lots Lackland Terrace Area 2237 Lackland Heights Area 1587 Amberwood/Kriewald Place 2064 Lots Hillcrest 849 Lots Stablewood Farms 315 Ludwig 1000 Lots LACKLAND AFB Liberty Village 216 Lots £ ¤ Canyon Crossing Applewood Ranch 800 Lots 90 Masterson Rd 335 1100 Lots Luckey Ranch 2410 Lots 11.2005 The information contained herein was obtained from sources believed reliable as of the date of this map. SA Reserach Corporation makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. 410 Sienna Park 705 Lots Mesa Creek 515 Lots Map Prepared by SA RESEARCH CORPORATION 210.804.1919 MARBACH RD W Champions Park II 800 Lots Millers Meadow 90 Lots HEB RS Hollyhills/Briggs Ranch 458 Lots Big Country 1438 Meadow Village Area 1762 D RY TA Golf Club of Texas Enclave at Lakeside 459 Lots I MIL CH P Post Oak Dev 1700 Lots Wal-mart Home Depot Heritage Park 1458 Milestone Dev South 1000 Lots Trails of Briggs Ranch 650 Lots HUNT LANE BEXAR COUNTY R ES Mountain Laurel Ranch 285 Lots W Wolf Creek 589 Lots Laurel Mountain Ranch 1620 Lots DR X 11/T Rinco Dev 2912 Lots National Security Agency R WESTOVER MARKET PLACE Villas of Westlakes TH 100 Lots Milestone Dev North 1020 Lots CitiCorp ± RD Hunt Crossing Lakeview 300 Lots 369 Lots ELLISON DR N WY 2 Felder Tract 2655 Lots Heritage Area 4169 Stone Creek 728 Lots Sundance 403 Lots Scale: 1" = 6000' Aerial Photography 03.2005 G IN Chestnut Springs 485 Lots Trophy Ridge 533 Lots Cool Crest 145 RD RY 442 Lots CO Lowe's Westcove Village 67 Lots Park Place 440 AN ITA HEB Wal-mart FM 1957/POTRANCO RD TX H Texas Research Park Weston Oaks 1415 Lots Bella Vista 6758 Lots 7 Westover Crossing 497 Lots POTRANCO Amhurst POINTE Rustic Oaks 218 Lots 9 57 19 5 AM Brycewood 295 Lots POTRANCO RD 9 57 FM 1 Monticello Ranch Wynwood Place (WC) 750 Lots 339 Lots FM 151 TR L MI Rolling Oaks Est 346 Lots A. Guiterrez West 510 Lots Caracol Creek/Hts 435 A. Guiterrez East Vistas (WC) 280 Lots 397 Lots Redbird Ranch 6000 Lots FM 1 2050 Villages of WC 171 Lots Steven's Ranch 6280 Lots Magnolia Heights 350 Lots Spring Vistas Area 1604 PO Existing Houses (Built-out with total number of Houses) Military and Coverted Bases Doral Area 888 Mirabella at Legacy Trails Enclave at Westover Hills 53 Lots 193 Lots Westcreek 1841 Total Lots (Existing & Future Houses) C Timber Ridge 1147 Hyatt Resort Westover Woods West Pointe East 3100 Lots Legend Active Master Development Plans (MDP's) Pipers Meadow Area 913 BV Seaworld RD M Twin Creek 620 Woodglen 515 AN RD CapitalGroup Carlson Park TH 40 Lots Takata Seatbelts SO Westover Elms Grissom Trails 62 Lots 255 Lots EM RS Northwest Vista College IS GR 269 Lots Stonegate Hill 277 Lots V GE RO North San Antonio Hills 180 Westoak Estates 190 Lots S WI A EM Shadow Mist 97 Lots Hiddenwoods Est 28 Lots Creekside/Westover Valley 1174 Culebra Crossing World Savings Hill Country Retreat 2000 Lots The Village 104 Lots Westover Valley 379 Lots Alamo Ranch 5326 Lots Tamaron 148 Lots TEZEL ROGERS RD West Pointe West 3700 Lots Timber Creek Area 1046 RD HEB HEB LACKLAND AFB ANNEX 892 Lots Heather's Creek 79 Lots Meadow Acres 154 Heather's Cove 171 Lots Hallie Heights 198 Lots 21 Ridge Stone 123 Lots Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] 70 69 43 51 hh aacc aarrbb MM RRdd EEl lilsis oonn 78 DDrr 85 64 57 90 R Pue Pue R Castroville astroville M M ii ii ll 73 80 HHuu eebb nnee rrRR dd RRdd W Wuu rrzzbb aacchh 116 O Olldd ille Rd Rd Cas troville Castrov 00 410 wyy 99 Hw SS H U U W W Lackland AFB RRdd W 00 W yy 99 w w HH M Mee ddinin aa BB aasse e RR dd WEST SAN ANTONIO TRADE AREA 22 Millers Millers Pond Pond SSai aint nt C Clo loud ud R Rdd Elm Elm BBii llyly MM ititcc hhe Kelly Kelly Air Air ellll RRdd Force Force Base Base SSttaa ttee LL oooopp 11 33 LL Raayy EE R llllis isoonn BBlv lvdd ontgomery ontgomery Dr Dr FFm m 4477 11 SS 66 Nava Nava Park P Park Zarzamora Zarzamora Creek Creek 117 113 58 UUSS 45 HHww46 yy 99 00 SSee rrvviiccee 115 112 111 104 tt LLnn HHuunn 50 105 95 102 91 55 SSta te H tate Hw wyy 115511 AAccee cc ssss R Rdd 103 Alaza Alaza Cu Cu W rW yy DDr iittaarr M Miill 28 94 87 17 42 114 77 119955 M M FF 88 HHww yy 9 3 109 110 107 108 98 SS G Geenee n rraall M Mccm muulllleenn D Drr 818689 79 93 99 way 151 151 ee High Highway Stat 54 59Stat 63 72 83 74 76 84 53 Fm 1957 Fm 1957 62 67 96 47 52 56 SS 61 Ingram Rd Ingram Rd 106 97 48 49 12 6 75 PPaalloo AAllttoo Rdd R 151 100 101 HHii llllcc rreess tt DD rr 92 aarr eedd oo 11 82 N N Hunt Hunt Ln Ln 8 3134 33 41 25 2326 35 27 1516 22 2930 3740 13 1820 32 39 14 38 21 90 71 65 55 PPaalm lmss D Drr 44 24 4 N 1604 N Loop 1604 W Loop W 10 68 Balcones He RRdd ssss e e c c AAcc 441100 p p o o LLoo Rdd nn R W NNW llaagghhaa a a l l C C dd m m RR ssssoo i i r r G G WM W Mililititaary ry D Drr 60 7 oott rraa nncc oo RRdd 1166 0044 NN 19 5 115511N Dr Ellison on Dr N Ellis wwyy ttee HH SSttaa dd yy RR llele TTaa Copyright Metrostudy 2 Leon Valley FFaarrm m--TToo--M Maarrkkeett R Rooaadd 44 7711 77 West San Antonio Trade Area 36 1PP FF-MM W W FF m m 4477 11 SSW W LLoooopp 441100 d RRd llleleyy TTaa Drr nee D ttlleeccoon s i i r r s BB rr Do Dove verr Rd Rdgg DD d d aann nnll aaii MM w Gu New Ne Guilb ilbea eauu Rd Rd 8877 Rdd TTeezzeell R d 3344 Rooaad keett R Maarrk oo--M m--TT FFaarrm 11 Rooaadd 4477 hR Raanncch R dd OOll CCuu lleebbrr aa RR dd RRdd San Antonio Mesquite Creek Creek Mesquite BBrr aauu nn RR dd JJaa cckk ssoo nn RRdd wyy 334455 Hw te H tate SSta 79 to 190 (14) FF 14 tomm 79 (19) 1122 0 to 14 8833 (84) BBaann ddeerr aa W W Annual Starts FFaarrm m--TToo --M Maark r keett R Rooaadd 11556600 SSttaa tte Subdivisions are sequentially numbered from left to right across the page. Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Map Grid TMA TMA Dot No 85 19 Price Range Qtr Ann Starts Starts Qtr Clos Ann Clos Occ. Tot.Inv VDL Future Total Lots 0 0 0 0 21 0 0 0 21 Future 0 0 0 0 0 0 0 4,116 4,116 $89-$120 13 48 13 27 27 26 19 101 173 Future 0 0 0 0 0 0 0 442 442 Armadillo/Potranco Future 0 0 0 0 0 0 0 1,400 1,400 Bella Vista Future 0 0 0 0 0 0 0 632 632 Alamo Ranch Amberwood 38 Amhurst 6 West San Antonio Trade Area B/O 2Q80 80 12 West San Antonio Trade Area Adams Hill TMA TMA Subdivision Activity And Profile Summary Subdivision TMA TMA Subdivision Activity And Profile Summary TMA 50 Big Country B/O 1Q99 0 0 0 0 1,335 0 0 0 1,335 TMA 83 Brycewood $129-$155 30 87 17 81 149 41 83 0 273 B/O 4Q83 0 0 0 0 202 0 0 0 202 B/O 1Q04 0 0 0 0 163 0 0 0 163 TMA TMA 108 32 Caprock/Doral Caracol Creek/Heights TMA 39 Caracol Creek B/O 3Q04 0 0 0 0 275 0 0 0 275 TMA 42 Champions Park $102-$135 14 14 0 0 0 14 99 816 929 TMA 96 Chestnut Springs $97-$139 4 9 0 0 0 9 99 351 459 TMA 90 Creekside Glen B/O 4Q04 0 0 0 10 38 0 0 0 38 TMA 68 Creekside B/O 3Q00 0 0 0 0 1,094 0 0 0 1,094 B/O 3Q02 0 0 0 0 103 0 0 0 103 B/O 4Q99 0 0 0 0 30 0 0 0 30 B/O 4Q97 0 0 0 0 420 0 0 0 420 B/O 1Q87 0 0 0 0 108 0 0 0 108 TMA TMA TMA TMA 110 109 98 114 Crown Meadows Villas Crown Meadows West Crown Meadows Doral TMA 94 El Sendero B/O 4Q04 0 0 0 12 399 0 0 0 399 TMA 76 Emerald Place $100-$166 28 53 9 34 35 31 1 0 67 TMA 3 Future 0 0 0 0 0 0 0 1,632 1,632 Felder/DR Tract TMA 56 Fillmore Place B/O 3Q04 0 0 0 0 34 0 0 0 34 TMA 67 Heritage Hills B/O 2Q05 0 9 0 19 50 0 0 0 50 B/O 2Q94 0 0 0 0 2,354 0 0 0 2,354 B/O 1Q99 0 0 0 0 1,615 0 0 0 1,615 B/O 4Q96 0 0 0 0 620 0 0 0 620 $83-$95 6 20 1 1 1 19 50 57 127 $124-$150 37 62 6 12 12 50 66 725 853 Future 0 0 0 0 0 0 0 103 103 $100-$136 23 80 13 96 122 30 61 156 369 $86-$107 18 65 15 66 161 29 57 365 612 Future 0 0 0 0 0 0 0 4,000 4,000 Lackland City/Heritage Farms B/O 4Q86 0 0 0 0 775 0 0 0 775 Lakeside/Enclave $107-$150 25 91 42 62 62 29 70 299 460 Future 0 0 0 0 0 0 0 189 189 TMA TMA 61 64 TMA 107 TMA 46 TMA 45 Heritage Northwest Heritage Park Hidden Meadow North Hillcrest-TH Hillcrest TMA 66 Hummingbird Estates TMA 87 Hunt Crossing TMA TMA 73 36 TMA 78 TMA 103 TMA 95 Kriewald Place KS/Westoaks Galo Lakeview TMA 28 Laurel Mountain Ranch $113-$164 48 138 36 68 68 70 24 1,460 1,622 TMA 79 Legacy Trails/Fairways B/O 2Q03 0 0 0 0 147 0 0 0 147 B/O 1Q02 0 0 0 0 44 0 0 0 44 B/O 1Q04 0 0 0 0 136 0 0 0 136 TMA TMA 70 81 Legacy Trails/Greens Legacy Trails/Retreat Map Grid Dot No Subdivision Price Range Qtr Ann Starts Starts Qtr Clos Ann Clos VDL Future Total Lots TMA 69 Legacy Trails Future 0 0 0 0 0 0 0 53 53 TMA 63 Magnolia Heights $114-$166 20 131 27 117 173 64 25 88 350 TMA 113 Marbach Gardens B/O 4Q02 0 0 0 0 223 0 0 0 223 TMA 104 Marbach Ridge B/O 1Q05 0 0 0 21 96 0 0 0 96 TMA 57 Mesa Creek $80-$110 0 0 0 0 0 0 64 255 319 TMA 111 Millers Meadow $96-$116 25 79 23 47 47 32 11 0 90 TMA 11 Future 0 0 0 0 0 0 0 523 523 Monticello Ranch TMA 17 Mountain Laurel Ranch $170-$270 2 10 0 3 3 7 50 0 60 TMA 44 Oak Creek Estates B/O 1Q99 0 0 0 0 627 0 0 0 627 TMA 52 Park Place $90-$135 3 50 10 60 483 14 2 0 499 TMA 116 Pinn Oaks B/O 1Q83 0 0 0 0 140 0 0 0 140 TMA 21 Potranco Future 0 0 0 0 0 0 0 284 284 TMA 1 Redbird Ranch Future 0 0 0 0 0 0 0 7,309 7,309 TMA 8 Rolling Oaks Estates B/O 4Q88 0 0 0 0 9 0 0 0 9 TMA 14 Rustic Oaks $92-$125 30 103 22 88 118 42 58 0 218 TMA 84 Santa Fe/Trails B/O 1Q05 0 4 0 30 134 0 0 0 134 TMA 58 Sienna Park $58-$100 24 82 23 93 367 27 110 183 687 TMA 54 Sierra Springs/Pointe $84-$140 1 75 12 126 673 4 0 0 677 TMA 59 Sierra Springs/Trails B/O 4Q04 0 0 0 11 331 0 0 0 331 TMA 48 Spring Vistas/Crest B/O 3Q02 0 0 0 0 242 0 0 0 242 TMA 49 Spring Vistas/Ridge B/O 3Q02 0 0 0 0 491 0 0 0 491 TMA 4 Future 0 0 0 0 0 0 0 7,129 7,129 TMA 51 $113-$185 8 46 17 35 35 21 23 610 689 TMA 9 Future 0 0 0 0 0 0 0 655 655 TMA 55 Sunset $62-$121 28 83 21 72 735 38 99 0 872 TMA 93 Tara West B/O 2Q04 0 0 0 0 162 0 0 0 162 TMA 99 Tara B/O 4Q96 0 0 0 0 614 0 0 0 614 TMA 97 Timber Ridge/Oaks, The B/O 2Q99 0 0 0 0 346 0 0 0 346 TMA 106 Timber Ridge B/O 4Q04 0 0 0 1 727 0 0 0 727 TMA 47 Trophy Ridge $125-$190 37 110 25 74 74 54 21 384 533 TMA 115 Waters Edge B/O 3Q04 0 0 0 0 85 0 0 0 85 TMA 7 West Oak Estates $212-$363 7 45 11 42 64 21 17 88 190 TMA 10 West Pointe East Future 0 0 0 0 0 0 0 3,100 3,100 TMA 5 West Pointe West Future 0 0 0 0 0 0 0 8,500 8,500 TMA 91 Westbury Place $106-$135 6 32 6 14 14 18 234 0 266 TMA 62 Westcove Village Future 0 0 0 0 0 0 0 67 67 TMA 24 Westcreek Forest B/O 4Q99 0 0 0 0 226 0 0 0 226 TMA 27 Westcreek Pointe B/O 4Q99 0 0 0 0 56 0 0 0 56 TMA 40 Westcreek/Bluffs B/O 4Q99 0 0 0 0 107 0 0 0 107 TMA 23 Westcreek/Estates $90-$160 0 0 0 20 224 3 7 0 234 TMA 22 Westcreek/Gardens B/O 4Q04 0 0 0 1 60 0 0 0 60 TMA 13 Westcreek/Highpoint $120-$195 20 60 26 54 55 33 220 105 413 TMA 37 Westcreek/Hills B/O 3Q03 0 0 0 0 72 0 0 0 72 Stevens Ranch Stonecreek Sundance Square Custom Page 1 Custom Page 2 SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation 23 Occ. Tot.Inv Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Subdivision Activity And Profile Summary Price Range Distribution of Annual Starts, Closings and Current Inventory West San Antonio Trade Area West San Antonio Trade Area Price Range Qtr Ann Starts Starts Qtr Clos Ann Clos 0 0 0 119 0 0 0 119 0 0 0 26 0 0 0 26 0 0 0 0 423 0 0 0 423 0 0 0 0 0 0 0 88 88 B/O 1Q97 0 0 0 0 110 0 0 0 110 Future 0 0 0 0 0 0 0 261 261 Westcreek/Royal Oaks B/O 1Q98 0 0 0 0 177 0 0 0 177 Westcreek/Summit of B/O 4Q97 0 0 0 0 57 0 0 0 57 Future 0 0 0 0 0 0 0 85 85 Westcreek/Vistas $100-$146 72 129 27 128 260 48 88 0 396 30 Westcreek/Willow Brook B/O 4Q91 0 0 0 0 92 0 0 0 92 34 Westcreek/Woods B/O 4Q03 0 0 0 0 294 0 0 0 294 15 Westcreek/Wynwood Place $125-$176 39 163 62 167 249 51 39 0 339 Map Grid Dot No TMA 25 Westcreek/Hollow B/O 2Q02 0 TMA 31 Westcreek/Model Home Park B/O 2Q99 0 TMA 35 Westcreek/Oaks B/O 1Q00 TMA 16 Westcreek/Park Future TMA 26 Westcreek/Quail Meadow TMA 20 Westcreek/Reserve TMA 33 TMA 41 TMA 29 Westcreek/Villages TMA 18 TMA TMA TMA Subdivision Occ. Tot.Inv VDL Future 0 100,000 150,000 200,000 250,000 300,000 400,000 500,000 ____________Price Range___________ 99,999 149,999 199,999 249,999 299,999 399,999 499,999 1,999,99 Total Lots Custom Market Numerical Totals Ann Starts Ann Closings Housing Inv VDL Inv 310 321 115 381 1,650 1,435 718 1,186 440 367 226 372 83 78 39 72 17 16 9 17 20 18 11 10 0 0 0 0 0 0 0 0 Custom Market Percentage Totals Ann Starts Ann Closings Housing Inv VDL Inv 12% 14% 10% 19% 65% 64% 64% 58% 17% 16% 20% 18% 3% 3% 3% 4% 1% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% Total 2,520 2,235 1,118 2,037 100% 100% 100% 100% Price Range Distribution of Annual Starts vs VDL 70 60 105 Westlake/Villas $71-$87 0 0 0 6 49 0 58 0 107 TMA 102 Westlakes $102-$144 12 66 22 74 75 17 0 0 92 TMA 53 Westover Crossing $102-$155 53 190 55 162 364 84 44 0 492 TMA 100 Westover Elms $101-$157 10 37 12 45 156 18 52 20 246 TMA 82 Westover Forest $165-$240 1 40 15 71 180 8 0 0 188 TMA 88 Westover Hills/Enclave $157-$225 12 18 0 0 0 18 67 158 243 TMA 71 Westover Hills/Estates B/O 4Q04 0 0 0 2 89 0 0 0 89 10 TMA 72 Westover Hills/Heights $140-$175 0 0 0 0 69 0 23 0 92 0 TMA 65 Westover Hills/Stonegate Hill $140-$236 11 55 11 36 147 25 24 82 278 TMA 74 Westover Place $117-$171 16 71 16 66 228 37 22 22 309 TMA 89 Westover Reserve/Meadows B/O 1Q03 0 0 0 0 169 0 0 0 169 TMA 86 Westover Reserve/Terrace B/O 4Q03 0 0 0 0 183 0 0 0 183 TMA 92 Westover Ridge B/O 2Q02 0 0 0 0 263 0 0 0 263 TMA 60 Westover Valley $127-$170 28 117 17 67 67 50 13 245 375 TMA 77 Westover/Forest Future 0 0 0 0 0 0 0 87 87 TMA 75 Westover/Woods Future 0 0 0 0 0 0 0 53 53 TMA 112 Westwood Gemini TH's B/O 3Q84 0 0 0 0 22 0 0 0 22 TMA 117 Westwood Park B/O 2Q93 0 0 0 0 102 0 0 0 102 TMA 43 Wolf Creek $97-$144 28 44 11 11 11 33 33 502 579 TMA 101 Woodglen B/O 4Q96 0 0 0 0 258 0 0 0 258 TMA 2 ZCE-Tamaron $260-$440 0 4 0 3 65 3 4 66 138 Totals 739 2,520 623 2,235 22,717 1,118 2,037 47,846 73,718 Custom Market Totals 739 2,520 623 2,235 22,717 1,118 2,037 47,846 73,718 % Percent of Total TMA 50 40 30 20 $0-$99 $100-$149 $150-$199 $200-$249 $250-$299 $300-$399 $400-$499 $500-$1999 Annual Starts VDL Price Range Distribution of Annual Closings vs Housing Inventory 70 % Percent of Total 60 50 40 30 20 10 0 $0-$99 $100-$149 $150-$199 $200-$249 $250-$299 $300-$399 $400-$499 $500-$1999 Annual Closings Custom Page 3 Housing Inventory SAN ANTONIO Price Analysis (3Q05) Copyright American METRO/STUDY Corporation SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation Page 1 24 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Subdivision (Map #) Section Name Developer Future Lot Inventory Report Future Lot Inventory Report West San Antonio Trade Area West San Antonio Trade Area Lot Size No. of Acres No. of Lots Platting Dates Record Prelim **Proposed Subdivision (Map #) Survey Equip ExcavB Street Streets Stakes on Site egun Paving In Section Name Balance Pulte 0x0 1200.00 3,472 Unit 23A Pulte 50x120 26.06 111 Unit 23B Pulte 60x120 23.22 119 Unit 23C *Pulte 60x120 Unit 25 Pulte 0x0 22.17 75 Unit 41A *Pulte 0x0 11.00 116 Unit 41B-Encl *Pulte 0x0 14.18 Unit 44A 0x0 6.14 3/14/2005 Dr Horton Armadillo 42x100 19.23 0x0 0x0 340.00 65x120 31 351 * 0x0 928.00 1,632 0x0 25.12 155 0x0 8.08 59 98 Unit 3B pulte 0x0 16.41 97 36 Unit 4 Pulte 0x0 17.56 142 4,116 Unit 5 Pulte 0x0 33.96 137 Unit 6 *Pulte 45x110 3,930 101 186 135 Subdivision Totals 9/14/2005 Unit 2A Unit X 1,400 42 41 8.46 Unit 2, Sec. 2 Newmark 0x0 16.21 Unit 3, Sec. 1 *Newmark 55x120 Unit 3, Sec. 2 Newmark 55x120 Pulte Rudy Gonzalez 6/14/2005 725 35x120 10.32 0x0 KB Home 45x110 Unit 5 KB Home 45x110 Subdivision Totals 29.70 53 12/16/2004 8/24/2005 Kriewald Place (86A2) 10.40 59 0x0 78 12/16/2004 Unit 4A 6/8/2005 264 87 7/12/2005 7/12/2005 8/1/2005 725 0 57 1/26/2005 103 9.57 632 3/15/2005 459 173 Champions Park (85F2) 156 Unit 4 Obra 44x110 Unit 5 Obra 42x110 90 Unit 6 Obra 42x110 90 Unit 7 Obra 42x110 90 29.98 Subdivision Totals 0x0 20.69 93 *Legacy 0x0 13.71 113 *J.L. Guerra, Jr. 0x0 25.00 156 Unit 4 *J.L. Guerra, Jr. 0x0 22.30 134 Unit 5&6 J.L. Guerra Jr. 55x120 20.46 118 Unit 7 *J.L. Guerra, Jr. 0x0 15.29 66 Unit 3 JSL- Shannon Livingston Unit 8 *J.L. Guerra, Jr. 0x0 10.08 49 Unit 4 *JSL Dev. Unit 9 *J.L. Guerra, Jr. 0x0 19.27 87 Unit 5 Unit 6 Subdivision Totals 56 11/10/2004 100 156 0 125 234 Subdivision Totals Unit 3 6.45 Pulte 16.27 11.03 Unit 2 0x0 Hunt Crossing (86B1) 0x0 *J.L. Guerra, Jr. Fieldstone Survey Equip ExcavB Street Streets Stakes on Site egun Paving In Hummingbird Estates (86A2) 45x120 Unit 10 49 Unit 6 Pulte 442 Unit 2, Sec. 1 jay Hanna Newmark 128 15.60 **Proposed Hillcrest-TH (86A3) Unit 1, Sec. 2 Newmark Unit X 22.22 0x0 Unit 3 Bella Vista (85D1) Unit 1, Sec. 1 Jay Hanna 0x0 Fieldstone Unit 2B 3/17/2005 Armadillo/Potranco (85E1) MDP Fieldstone Unit 5 Platting Dates Record Prelim Hillcrest (86A3) 6/28/2005 Amhurst (85F1) Unit X No. of Lots Unit 4 MDP X Amberwood (86B3) Fieldstone No. of Acres Felder/DR Tract (85D2) 8/10/2005 89 Subdivision Totals Unit 3 Lot Size Subdivision Totals Alamo Ranch (75F2) Pulte Developer 816 365 MDP *Brad Galo 0x0 1445.00 4,000 45x110 14.97 80 0x0 10.09 80 4/13/2005 *JSL Dev. 0x0 10.12 81 7/8/2005 *JSL Dev. 0x0 9.31 58 Fieldstone 50x130 19.98 87 Fieldstone 0x0 11.69 56 4/11/2005 0 8/10/2005 118 Subdivision Totals Unit 3 365 Lakeside/Enclave (86B1) 8/10/2005 Chestnut Springs (86B1) Unit 2 12/8/2004 KS/Westoaks Galo (75F2) 6/29/2005 698 95 299 219 80 Lakeview (86B1) 9/14/2005 Unit 1 JSL Dev. 50x120 10.50 67 1/14/2005 Custom Page 1 Custom Page 2 SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation 25 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Subdivision (Map #) Section Name Developer Future Lot Inventory Report Future Lot Inventory Report West San Antonio Trade Area West San Antonio Trade Area Lot Size No. of Acres No. of Lots Platting Dates Record Prelim **Proposed Subdivision (Map #) Survey Equip ExcavB Street Streets Stakes on Site egun Paving In Section Name Developer Lot Size No. of Acres No. of Lots Platting Dates Record Prelim Unit 2 *JSL Dev. 50x120 10.09 67 7/8/2005 Unit 1B DR Horton 0x0 4.32 15 8/11/2005 Unit 4A JSL Dev. 50x120 5.37 35 1/14/2005 9/14/2005 Unit 2-A *DR Horton 0x0 19.96 83 4/15/2005 Unit 4B JSL DEV. 50x120 3.22 20 1/14/2005 9/14/2005 Unit 2B DR Horton 0x0 18.05 60 9/26/2005 Unit 3A *DR Horton 0x0 11.89 80 4/15/2005 Unit 3B DR Horton 0x0 10.81 72 9/1/2005 Unit 3C DR Horton 0x0 12.97 89 9/7/2005 Subdivision Totals 189 134 55 Laurel Mountain Ranch (85F2) Unit 10 Swann 50x110 134 Unit 11 Swann 50x110 163 Unit 2 Chesley Swann 50x110 Unit 3 Chesley Swann 50x110 181 Unit 26 KB Home Unit 4 Swann 50x110 126 Unit 26A KB Unit 5 Swann 50x110 128 Unit 27 KB Home Unit 6 Swann 50x110 125 Unit 7 Swann 50x110 158 Unit 8 Swann 50x110 176 Unit 9 Swann 50x110 109 30.59 Subdivision Totals Subdivision Totals 160 1,460 Charro-Mirasol 50x120 8.58 50x120 16.13 1,300 160 5/12/2004 Mesa Creek (86A2) 6.04 53 0x0 9.61 65 42x110 10.26 65 183 Unit 10 *Thompson Realty 0x0 51.49 138 Unit 11 *Thompson Realty 0x0 45.89 188 Unit 12 *Thompson Realty 0x0 39.02 197 Unit 13 *Thompson Realty 0x0 128.39 672 Unit 14 *Thompson Realty 0x0 90.01 567 Unit 15 *Thompson Realty 0x0 39.40 567 Unit 16 *Thompson Realty 0x0 111.82 571 Unit 17 *Thompson Realty 0x0 46.61 272 Unit 18 *Thompson Realty 0x0 11.01 91 Unit 19 *Thompson Realty 0x0 149.88 671 Unit 1 KB Home 45x110 33.62 137 Unit 2 Thompson Realty 0x0 45.74 197 Unit 2 KB Home 45x115 25.15 115 Unit 20 *Thompson Realty 0x0 61.71 214 3 Unit 21 *Thompson Realty 0x0 8.09 100 Unit 22 *Thompson Realty 0x0 24.46 126 Unit 23 *Thompson Realty 0x0 136.09 780 Unit 24 *Thompson Realty 0x0 52.65 334 Unit 25 *Thompson Realty 0x0 71.50 130 Unit 3A KB Home 0x0 0.43 Subdivision Totals 255 118 137 Monticello Ranch (85E1) Unit 1 *Centex 50x110 14.28 106 3/23/2005 Unit 26 *Thompson Realty 0x0 34.47 130 Unit 2 *Centex 50x110 25.47 135 8/23/2005 Unit 3 Thompson Realty 0x0 40.55 207 Unit 3 *Centex 50x110 18.94 123 8/1/2004 Unit 4 *Thompson Realty 0x0 89.42 365 Unit 4 *Centex 50x110 19.31 159 8/1/2005 Unit 5 *Thompson Realty 0x0 42.34 529 Unit 6 *Thompson Realty 0x0 16.53 83 Subdivision Totals 523 523 0 Subdivision Totals Potranco (85F1) Unit 1 Chesley Swann Unit 2 Milestone Potranco Devel. Unit 4 *Chesley I. Swann 0x0 14.83 103 55x120 16.46 97 4/14/2005 0x0 13.00 84 8/8/2005 Subdivision Totals 284 Unit 1-A * *DR Horton 0x0 0x0 1700.00 20.66 4/15/2003 2/9/2005 183 0 7,129 7,129 0 Stonecreek (86A1) 187 8/29/2005 97 Redbird Ranch (85C1) MDP X 0 Stevens Ranch (85D1) 53 88 42x100 Subdivision Totals Magnolia Heights (76A4) Unit 3B-LennaConnell-Barron (los Cedros/Hausman JV#2) 7,309 Survey Equip ExcavB Street Streets Stakes on Site egun Paving In Sienna Park (86A2) 7/27/2005 Legacy Trails (76A4) Unit 4 7,309 **Proposed Unit 1A *Armadillo 50x110 Unit 2X Armadillo 45x120 2.01 67 7 Unit 2Y Armadillo 55x120 49 Unit 3 *Armadillo 45x120 9.13 69 101 Unit 4 *Armadillo 55x120 17.30 6,800 Unit 5 *Armadillo 55x120 15.69 59 110 Unit 6 *Armadillo 45x120 25.00 121 4/15/2005 5/12/2004 7/19/2005 7/19/2005 8/2/2005 9/29/2005 Custom Page 3 Custom Page 4 SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation 26 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Subdivision (Map #) Section Name Developer Future Lot Inventory Report Future Lot Inventory Report West San Antonio Trade Area West San Antonio Trade Area Lot Size No. of Acres No. of Lots Unit 7 Armadillo 55x120 69 Unit 8 Armadillo 45x120 52 Unit 9 Armadillo 45x120 16 Subdivision Totals 610 Platting Dates Record Prelim **Proposed Subdivision (Map #) Survey Equip ExcavB Street Streets Stakes on Site egun Paving In Section Name Unit 5 494 0x0 Unit 1 KB 45x120 Unit 2 KB Home 0x0 63 Unit 6A KB 0x0 24 Unit 7 KB 0x0 52 Subdivision Totals 35 655 8/10/2005 9/8/2005 Brad Galo 50x120 9.76 43 Unit 3 *Brad Galo 0x0 42.85 132 Unit 4 *Brad Galo 0x0 25.75 110 Unit 5 Brad Galo 0x0 29.95 99 Subdivision Totals 384 620 McMillin 0x0 29 Unit 4 McMillin 0x0 59 Subdivision Totals 88 6/23/2004 1286.00 3,100 * 0x0 2200.00 8,500 Michael H Gulley 0x0 7.76 341 43 Glenn Gehan 50x110 24.54 88 McMillin Unit X Gordon Hartman 40x110 0x0 Subdivision Totals McMillin Unit X Gordon Hartman Subdivision Totals 50x110 0x0 12.68 73 6/14/2005 Legacy homes 50x120 *Legacy 50x120 85 158 158 0 65x120 17.19 82 6/8/2005 Hartman 50x120 3.39 22 9/23/2002 7/12/2004 Unit 2A Brad Galo 55x120 11.42 61 Unit 2B Brad Galo 50x120 15.13 78 Unit 2C *Brad Galo 0x0 8.81 51 6/6/2005 Unit 2D *Brad Galo 0x0 10.18 55 6/6/2005 245 8/24/2005 8/24/2005 106 139 70x150 22.76 87 6/1/2005 7/25/2005 Ryland 55x115 13.26 53 5/25/2005 7/25/2005 Wolf Creek (85F1) 105 8/24/2005 Unit 2 Chesley Swann 50x120 17.15 73 12/14/2004 7/29/2005 Unit 3 *Brad Galo 50x125 21.89 78 9/14/2005 Unit 4 *Chesley I. Swann 0x0 14.05 88 4/18/2005 Unit 5 *Brad Galo 0x0 14.06 70 Unit 6 *Brad Galo 0x0 16.84 57 Unit 7 *Brad Galo 0x0 13.31 74 Unit 8 *Brad Galo 0x0 7.71 62 Subdivision Totals 43 502 9/14/2005 5/9/2005 351 151 ZCE-Tamaron (75D2) 88 0 Westcreek/Reserve (75F4) Unit 1 5/23/2000 Phase 3 Phase VI 67 88 20 Westover/Woods (76A3) 45 4.78 11.91 Westover/Forest (76A2) 0 Westcreek/Park (75E4) Unit 2 45x110 Subdivision Totals Westcreek/Highpoint (75E4) Unit 3 5/1/2001 Survey Equip ExcavB Street Streets Stakes on Site egun Paving In Westover Valley (76A3) Westcove Village (86A1) Unit X 85 Phase 2 Unit 4 West Pointe West (75D3) MDP Medallion Homes Phase IV & V Joey Guerra 0x0 15.76 **Proposed Westover Place (76A4) 7/29/2005 West Pointe East (75E3) * Platting Dates Record Prelim Westover Hills/Stonegate Hill (76A3) 35 West Oak Estates (75E3) Unit 3 50x110 Subdivision Totals Trophy Ridge (86A1) MDP Garrett Brothers Phase 2-Pulte Pulte Unit 2 No. of Lots Westover Hills/Enclave (76B4) 481 14.35 No. of Acres Westover Elms (76B3) 116 Unit 1B KB Lot Size Westcreek/Villages (75F4) Sundance Square (85E1) Remaining Developer Unit 1 jack Dean 200x400 90.87 18 1/13/1995 Unit 2 Michael Steward 200x400 128.15 30 3/13/1996 Unit 3 Michael Steward 200x400 130.48 18 12/23/1996 3/30/1997 128 21.77 Subdivision Totals 133 261 261 66 0 66 0 Custom Page 5 Custom Page 6 SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation 27 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Future Lot Inventory Report West San Antonio Trade Area Subdivision (Map #) Section Name Developer TOTALS Custom Market Totals Lot Size No. of Acres No. of Lots 47,846 47,846 Platting Dates Record Prelim 45,753 45,753 SAN ANTONIO CONSULTING **Proposed Survey Equip ExcavB Street Streets Stakes on Site egun Paving In 2,093 The San Antonio Consulting Team Metrostudy Consulting Practice Jack Inselmann Vice President, US Central Division The Metrostudy consulting team in San Antonio has extensive experience in performing a variety of services for our clients. Below is a summary of some of the types of assignments we have conducted in San Antonio. Over the past twenty years, Jack has gained a reputation in the San Antonio housing industry for thorough analysis and thoughtful insight into the many factors that affect the outlook for the local housing and real estate market. Jack plays an active role in all of the market study and consulting work performed in the San Antonio region. [email protected] 2,093 Eldon Y. Rude, MAI Director of Consulting, Austin & San Antonio Eldon has been involved in the real estate consulting industry for over 18 years, the last 7 years with Metrostudy. Eldon managed a commercial real estate appraisal business in San Antonio in the early 1990’s where he gained valuable insight into the key forces that impact local real estate markets. Eldon is the primary contact for Metrostudy’s consulting practice in San Antonio x Market Demand Studies - Whether the client is interested in the achievable sales velocity in a new project, or an equity investor requires a comprehensive evaluation of the factors that will impact a proposed project, Metrostudy can prepare a market study that will address the critical issues. x MUD Studies - Metrostudy routinely prepares market studies that are used by the client in the creation of Municipal Utility Districts. Metrostudy assisted in the promulgation of the market study guidelines with the Texas Water Commission (now Texas Commission on Environmental Quality). x Builder Land Packages - Builders often engage Metrostudy to assist them in developing land packages that must be submitted to corporate for new land deals. Metrostudy can either prepare the entire package, or provide the client with specific information necessary to complete the package. x Competitive Product Studies - In planning a new community, a key question regards the segmentation of lots and new home pricing. Metrostudy is routinely engaged to assist developers and builders with this critical stage in planning. Our database of lot and new home information can be queried to develop insightful facts and statistics to assist in this process. x Lot Pricing Studies - Proper lot pricing is critical to the success of any project. Metrostudy can assemble Lot Pricing figures that will provide the client with timely information on what developers in competitive projects are charging for their lots. In most instances we will furnish this information in a matrix format which also displays the key features of the competitive projects included in the Lot Pricing Study. Phone: (512) 473-2250 Email: [email protected] Erik Lind Market Analyst, Austin & San Antonio Erik has been with Metrostudy for over four years. Erik’s responsibilities include researching market information for use in consulting assignments, as well assisting in the development of market studies and lot and housing data packages. Erik is a graduate of Texas A&M University. [email protected] The Metrostudy San Antonio Market Area Metrostudy routinely performs market studies in the entire San Antonio MSA which now covers eight (8) counties. Metrostudy’s quarterly lot and housing surveys provide much of the information employed in our consulting work here. Our survey team drives over 3,000 miles and over 400 subdivisions every 90 days in order to maintain a timely and accurate database of information that can be relied upon by our clients. Custom Page 7 SAN ANTONIO Residential Survey (3Q05) Copyright American METRO/STUDY Corporation 28 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Future Lot Inventory – as soon as a preliminary plat is submitted (sometimes a site plan) for consideration by a city, the subdivision lots are considered to be Future Lots. Metrostudy Definitions and Methodology REPORTS: Vacant Developed Lot (VDL) – after the subdivision streets have been paved Residential Survey Report – 6 Quarter History of Quarterly Closings, and our surveyor can physically drive in front of the lot, we consider the subdivision to be developed and to contain Vacant Developed Lots, or ‘VDL’. Inventory Levels, Starts (Lot Absorption), Subdivision Section Profiles, Price Range(s), Lot Sizes & Current Lot Supply, Active Builder List, (Detail for Starts & Closings is at the Subdivision Level, Detail for Price Ranges and Lot Sizes is at the Section Level) Start – as we inspect lots, when a housing slab or foundation has been poured, we record a housing ‘Start’. Price Analysis Report – Annual Closings, Starts, Current Quarter Inventory, & Lots by Price Range (Depth of Market by Price Range) Inventory – after a home has been started, it remains as ‘Inventory’ until it is VDL Analysis Report – Annual Starts and Current Inventory Levels by Lot Size by Submarket, & Subdivision x MARKET: Market – encompasses the overall San Antonio region x Market Area – within the market are smaller geographic regions. The 12 market areas are: Southwest, Bandera-Culebra, Babcock Northwest, Far Northwest, North Central, Far North, Northeast, East, Southeast, South, Boerne and New Braunfels. x Sub-Market – is a general territory within the marketing area in which the subdivision is located. They are: (North Central) East of 281 & West of 281; (Far North) Stone Oak/Sonterra; (Northeast) Schertz/Cibolo. occupied. It can remain in the following three states until occupancy takes place. It is possible for a home to be started and closed within the quarter and to skip the inventory state. In such case, a Start and Closing are recorded for the quarter. Under Construction (UC) – a slab has been poured and the unit is “in process” and unfinished. Finished Vacant (FV) – when all improvements are complete, the lot & yard are cleaned-up, and the house is ready for occupancy, the inventory unit is classified as ‘Finished Vacant’-FV. Finished Model (FM) – builders often use a finished home as a center for sales and marketing. In such case, the inventory unit is classified as a ‘Finished Model’ home. Closing – when an actual ‘Move-In’ has occurred, the home becomes ‘Occupied’ and a Closing is recorded. Annual Starts & Closings – is the sum of activity for the most recent four quarters. Totals for all categories (Starts, Closings, VDL, Inventory, etc.) for the quarters are available as follows: First Quarter (1Q)…………third week in April Second Quarter (2Q)………third week in July Third Quarter (3Q)………...third week in October Fourth Quarter (4Q)……….third week in January SURVEY PROCESS: We gather all single-family subdivision plats in the San Antonio market, and our ‘Surveyors ’physically inspect each lot every 90 days. This task begins on the first day of the beginning of each quarter and is completed within ten days. The results of these surveys are totaled, tabulated and delivered in the form of briefings, publications, site assessments, and market studies. Each of our reports will include the following terms and abbreviations that are defined as follows: Months of Supply (MOS) – this can be applied to the three categories of housing inventory as well as vacant developed lots and future lots. MOS for lots, either developed or future, is calculated by dividing the lots by the Annual Starts divided by twelve: MOS for lots = VDL/(Annual Starts/12) 29 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] MOS for housing inventory is calculated similarly, but with Annual Closings: MOS for Housing Inventory = Inventory/(Annual Closings/12) Target Market Area (TMA) – these are the most competitive subdivisionssimilar/comparative lot size, lot price, home price, amenity level, etc. They are not necessarily confined to the same Sub Market as the subdivision under study. 30 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] POSTAL COUNTS 31 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] 32 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] 33 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] It was DeAyala who went to Laredo a few years ago with Arena Ventures to help kick-start a $40 million Laredo Entertainment Center project. In 2002, that 10,000-seat arena opened its doors and in year one hosted more than 100 events. It is also home to one of the Central Hockey League's most successful franchises, the Laredo Bucks, which are affiliated with the American Hockey League's San Antonio Rampage. San Antonio Business Journal - December 5, 2005 http://sanantonio.bizjournals.com/sanantonio/stories/2005/12/05/story1.html That development has since spurred additional development, including a 14-screen movie theater complex, an automotive dealership and a new Hawthorne Suites hotel. DeAyala says Laredo National Bank, along with restaurants and other retail establishments, have solidified the Laredo development. EXCLUSIVE REPORTS Business Pulse Survey: NFL in San Antonio? Click here to vote From the December 2, 2005 print edition Now DeAyala has his sites set on the Alamo City, in an area that has attracted his attention first because it is surrounded by a number of premier developments, such as SeaWorld and the Hyatt Hill Country Resort. It is situated in an area expected to add another quarter-million people over the next 15 years. Longhorn sack leader bags prime real estate Site eyed for hotel, entertainment, office projects W. Scott Bailey Charles Martin Wender, a veteran local developer with deep roots in Westover Hills, says San Antonio is "all about corridors," adding, "Now (Hwy.) 151 is becoming one of those corridors we always knew it would be." In the mid 1980s, Julian "Kiki" DeAyala was blitzing San Antonio Gunslingers quarterbacks in the old USFL days at Alamo Stadium. Two decades later, he is chasing down new development opportunities in the Alamo City and is already moving forward on his first big project here. Says DeAyala, "The Westover Hills/Northwest Area of San Antonio is the fastest growing area of the city. It has a large base of major employers and has attracted many national home builders." DeAyala is president of Houston-based DeAyala Properties, which has acquired some 80 acres of prime real estate on San Antonio's far West Side. That acreage is situated along the northwest corner of Military Drive and State Highway 151, an area DeAyala says is "emerging as a preferred corridor for commuter traffic." As such, DeAyala says his project will only add to the "significant retail, office and medical projects planned for the area." Furthermore, he is convinced that "much more is needed to keep pace with the population growth." DeAyala, a former All-USFL linebacker for the Houston Gamblers, says plans for that acreage includes a mix of hotel, entertainment and office complexes. He says the project will likely take up to four years to fully build out and could represent an eventual total investment of more than $200 million. DeAyala says talks are under way with multiple hotel operators. The end result, he says, could ultimately be a three-hotel complex anchoring the 80-acre site. He says the development could also include a unique water feature surrounded by a cluster of restaurant/entertainment attractions. Equally important, DeAyala says, his firm is interested in pursuing additional projects here. "That's something we're really pursuing," he says. "We are looking at other sites in San Antonio," says DeAyala, the all-time sack leader at the University of Texas who spearheaded the purchase of the initial 80-acre site. Political punch "It's a hot market," DeAyala continues. "There is a lot going on there already. But there is plenty of room to grow." Some local leaders are optimistic that the Alamo City is on the threshold of what could become a historic period of economic prosperity. DeAyala won't say what other sites his firm might look to develop in San Antonio. But he does say the Alamo City is a market on the move. A new report provided by Travis Tullos, chairman of the Greater San Antonio Chamber of Commerce's Economic Analysis Panel, suggests that San Antonio is headed for important gains in key areas such as employment, housing, retail spending and tourism, among others. DeAyala predicts that in his lifetime, "San Antonio and Austin will grow together to become one big (market)." "There's nothing on the horizon in the next 12 to 24 months that would suggest that these trends won't continue," Tullos contends. Sold on San Antonio ARTICLES 34 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Former City Manager Terry Brechtel says this may be a landmark moment for the Alamo City. "We're knocking on a lot of doors these days," she says. "What is working so well right now is the fact that we have a business community that is working well with local government." Brechtel adds, "What you are seeing is that on all fronts, people, leaders, are coming together. There is the discovery of San Antonio." The former pigskin standout believes there is currently a convergence of strengths on multiple fronts that promises to put San Antonio in great growth position. One of those strengths, DeAyala says, is city leaders' willingness to be proactive on the economic front -- a proclamation at which some developers in the past would have laughed. "It's a great city with a lot of political cooperation right now," DeAyala says. "San Antonio's leadership has done a tremendous job of creating a climate for tourism, job creation, and a quality of life second to none. We see our project as a continuation of this growth and plan to build a high quality, mixed-use development." © 2005 American City Business Journals Inc. Add RSS Headlines Post a Job Locally Single Job Posting for $280 Create your job ad in as little as a few minutes and it will appear on the local business journal website for 60-days. Candidate resumes are filtered by position requirements and delivered directly to your email inbox. Get Started Today! » Special Offer: 3 job posts and resume search - $600 Today's Featured Jobs powered by bizjournalsHire • Business Analyst - Capital Group Companies • MS SQL Server Team Manager - Capital Group Companies • Inbound Call Center Customer Service/Sales SA TX - Humana • Financial Consultant - San Antonio, TX - Washington Mutual • Inside / Outside Manager - Rent-A-Center More Local Jobs Post Jobs | Post Your Resume | Search Jobs All contents of this site © American City Business Journals Inc. All rights reserved. 35 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] "This is exactly the right thing for us to do," said Monahan, whose congregation joined in 1999 with a Houston branch of the religious order to create Christus Health. Health care group plans 2 campuses Web Posted: 07/15/2005 12:00 AM CDT Christus Health has a combined $3.6 billion in assets in seven states and Mexico, and 27,000 employees, officials said. Zeke MacCormack Express-News Staff Writer Tom Royer, president of Christus Health, said the new sites complement existing services by the faith-based provider, which counted $460 million in charitable care among $2.6 billion in revenue logged for the fiscal year that ended last month. BOERNE — In its first expansion in 19 years, Christus Santa Rosa Health Care on Thursday announced plans to open a medical complex here next year and another in western San Antonio. "We were called to Boerne," he said. "This is really a calling, and it really fits in with our mission." Physicians' offices and outpatient clinics will mark the first phase of what system officials predict will eventually become comprehensive medical campuses at the 37-acre site here and on a 100acre parcel in Westover Hills. [email protected] Mayor Patrick Heath joined other Boerne area officials in cheering the initiative, expected to reduce reliance on more distant medical providers while adding jobs and millions of dollars to the local tax base. "We're always looking for good corporate citizens in our community," Heath said. "They'll add yet another dimension to the health care resources we have." The sites selected are in fast-growing areas now underserved by the medical community, officials said. "Everyone will be happy to have health care at their fingertips," said County Judge Eddie J. Vogt. "This ought to really help our overstretched EMS." There's been talk of locating a hospital here since the 1950s, he said, and the need has grown substantially as the county's population surged to about 30,000 in recent years. "The community has really wanted more services because they're growing so fast," said Don Beeler, president of Christus Santa Rosa Health Care, which operates three San Antonio hospitals. He said he expects the new campuses to offer "the entire continuum of health care services." The Boerne parcel is between U.S. 87 and Interstate 10 on a major entry corridor to the Kendall County seat of 8,000. The Westover Hills location is at the northwest corner of Texas 151 and Westover Hills Boulevard. What is built and how soon depends on needs to be identified in meetings with community leaders and physicians, but Beeler said a "pretty aggressive" timetable calls for initial facilities to open within 14 months. The design will be consistent with local character, he said, noting, "We recognize that Boerne is changing but you want to preserve what is your heart and soul." Sister Helena Monahan of the Sisters of Charity of the Incarnate Word, which built San Antonio's first hospital 135 years ago, said history was repeating itself as the nonprofit again reached out to areas in need. 36 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Wender transforms ranch to thriving growth corridor Freeway changes area When Wender originally bought the Westover Hills property, up to 90 percent of it was set aside for housing. What changed the usage was the building of State Highway 151, the Stotzer Freeway. “That made Westover Hills a major commercial corridor," he says. In fact, of all his deals, he is most proud of bringing the freeway that runs from U.S. 90 to Loop 1604. BY LISA Y. TAYLOR Wender had originally intended to only have a boulevard running through his property, but plans ballooned when he hired Ralph Bender to design Westover Hills' roads. For years, Bender, a former director of San Antonio's planning department, had been trying to build a freeway in the city's West Side. He told Wender that he should have it built through Westover Hills. As Westover Hills approaches its 20th anniversary, its developer, Charles Martin "Marty" Wender, reflects on how he assembled a who's who of users such as JP Morgan Chase & Co., World Savings & Loan Association, Sea World San Antonio, and the Hyatt Regency Hill Country Resort to his far West Side development along State Highway 151. As Wender points to one of the mixed-use project's aerial photos that wallpapers his office, he recalls its beginnings: "I had ranch land. Then I took a freeway through here." Simply stated, but no small feat that he also brought a mix of corporations, resorts and services to land that used to be the home of a few people and now employs 20,000. Acquiring the deals took geographic, infrastructure and incentive advantages that are still moving Westover Hills forward today. Success has also stemmed from Wender's ability to sell the city's assets. "I told him he's crazy," Wender says. "I said, 'You plan my 3,500 acres. Don't plan the whole city.' I said, 'Time will kill you. Freeways take years and years and years. We've got to build today.' " Bender was not deterred from his idea and he urged Wender to visit Raymond Stotzer Jr., district engineer of the state highway department at the time. "Raymond Stotzer was most dynamic in getting stuff done," Wender says. "He was a man that could make anything happen." Stotzer persuaded Wender to give right-of-way for the freeway to speed its approval, and Bender and Wender convinced almost all of the other affected landowners, including Southwest Research Institute and the Van De Walle Farms, to donate right-of-way to the state. To provide half of the access road funds, Wender donated $4 million of his own money, and he convinced some of the other landowners to contribute another $2 million. "He's first a San Antonio salesman, and secondly he sells the development's land," says Mario Hernandez, president of the San Antonio Economic Development Foundation. Why he went west In October 1983, Wender purchased the first ranch that would comprise Westover Hills. Developing in West Bexar County was not the prevailing real estate trend, but his background compelled him to make different choices than those made by many real estate developers at that time. Wender moved to San Antonio in 1969 after graduating from the University of Texas - Austin. He married into a third-generation family real estate business that had offices at the corner of El Paso and South Zarzamora streets. With land and money commitments, Wender, Bender, and a team that included then Mayor Henry Cisneros walked into the office of the highway commission and made their freeway pitch. “We made our presentation, and they're so dumbfounded," Wender says. "No one had ever done this before." The commission approved the freeway's building on the spot. Only 90 days had passed since the day Wender walked into Stotzer's office and drew with a grease pencil what was to become S.H. 151's path. In 1986, the freeway's access roads opened. "It changed the property," Wender says. "It was a new corridor in San Antonio." For the first 12 years that the Fort Worth native lived in the city, he was an observer of northern development, since his business built in the South, East and West sides. Wender recalls that in the 1970s the most valuable real estate in San Antonio was on the North Side at San Pedro Avenue. In 1981, Wender left the family business, and struck out on his own. He bought a ranch and developed Crownridge at Interstate-10 and Camp Bullis Road. "When I woke up in 1981 and bought this ranch, I realized the "golden corridor" had become 1-10, not 281, not San Pedro," he says. As he looked for where to build next, he observed that growth had shifted near 1-10 due to the South Texas Medical Center, USM and the University of Texas at San Antonio. However, the land's hills, rocks and Edwards Aquifer Recharge Zone restrictions created economic barriers to developing it. So it made sense to him to build further west. In all, he bought five ranches for Westover Hills that would total 3,500 acres, paying a sum of $40 million. Planning ahead, he reserved a 400-foot wide median for the freeway's main lanes that are under construction today and could open the middle of next year. The main lanes make up $34 million of $102 million in highway construction in progress in the Westover Hills area. Also in the works is a $28 million interchange that could open in 2006 at the intersection of Loop 1604 and S.H. 151. Because of Wender's deal with the state, today it is common for private developers to donate land or partially finance state highways that go through their property. Bender says he has heard Stotzer remark that S.H. 151 saved the state a billion dollars as other highway projects have followed the freeway's financial and land arrangement. Other than helping Westover Hills, the freeway has linked the city's West, South and Nor_sides, and has brought businesses to the surrounding area, Bender says. "It's had a tremendous impact on (U.S.) 90 West," he says. 'There's all kinds of industrial development because of that freeway." When the Texas real estate crisis hit in the late 1980s, Wender started to see his dream slip away as his financial partner, Bexar Savings Association, failed. But Wender persevered. His search for a new partner landed him in a deal with Canada-based Samoth Capital Corp. In 1998, Sterling Financial Corp. acquired Samoth and its Westover Hills investment. Wender and Sterling are general partners in Westover Hills Development Partners LP. Making the deals Getting the state to build S.H. 151 was instrumental in bringing Sea World to Westover Hills in 1988, Wender says. After SeaWorld, resorts and corporations followed. Wender beams when he talks about his role in bringing the Hyatt resort. ”The Hyatt brought a new industry in San Antonio," he says. Before the Hyatt opened in 1993, San Antonio lacked a tourist golf course destination, he says. To finance the resort's development, he secured $150 million in debt and equity financing from the Long-Term Credit Bank of Japan Ltd. and two Japanese companies. "I convinced the Japanese that San Antonio could be a true golf destination," he says. "Now the Convention and Visitors Bureau promotes golf, and what else is coming to town? The PGA" 37 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Preliminary plans call for the center to have a creek running through it with shops and restaurants on each side. It will be "a place where you go after work and go out and eat and walk around and shop," he says. Wender expects future retail development will at least mimic the success of the Rudy's Country Store & Bar B-Q that opened in 1998 across from Sea World. He is a 50-50 investor in that location with the chain's owner. In all, 200 acres are reserved for retail. He says he supports the building of another golf resort at a 1,500-acre site near Sea World called The Village at West Pointe. The site was proposed by the project's developers as an alternative to the much-contested site of the PGA Village planned for northeast Bexar County. Wender markets San Antonio's and Westover Hills' tourist appeal to corporations considering locating to his sites. The strategy worked in drawing Paris-based Oberthur Gaming Technologies Corp., which prints lottery tickets for an international clientele. "Because their customers are government employees, they made a decision that they wanted their plant to be in a location that people like to go to," Wender says. He foresees Westover Hills will be built out in the next 10 years with up to 50,000 employees. More than 1,000 corporate acres have been developed and another 400 acres remain available. Wender is negotiating a build-to-suit and lease with an insurance company for a 150,000-square-foot service center. Smaller deals are in the works for office campuses, medical office buildings and apartment complexes. Increasing restrictions on development over the Edwards Aquifer Recharge Zone and the persistent population growth in the west will continue to fuel Westover Hill's importance in office development, says Tom Chandler, president and COO of San Antonio developer Orion Partners Inc. In 1997, the company opened its campus at the northeast corner of Westover Hills Boulevard and Rogers Road. Oberthur considered Orlando, but San Antonio won out because of its more centralized location between North American and Latin American clients, says Oberthur's general counsel Rolando Pablos. The office's surrounding scenery and its IS-minute drive to downtown makes it ideal for visiting clients, Pablos says. He adds that the area is situated near a wide variety of housing options for its 350 employees. "Both our executive and manufacturing-level employees are able to :find suitable housing," he says. Although QVC Inc.'s telemarketing center is next to Oberthur's campus, Pablos' office has a scenic view. "Personally, I enjoy looking out the window at the Hill Country rather than glass and concrete," he says. Attracting jobs Chandler's company is in discussions with Wender about building an office complex for leasable space. Thinking about Westover's connection to the city's economic future, Wender points to one of the aerial photos that displays the sites of Westover Hills users, surrounding major companies and developments. "My dream of dreams would be to take (S.H.) 151, through Kelly (USA), to go down maybe to a ... Toyota site," he says. Big aspirations, but he's already achieved many. Wender, 2002 chairman of the Greater San Antonio Chamber of Commerce, takes pride that all of the companies that have located to Westover Hills have come from outside the city. In 1989, "The National Real Estate Times" named Westover Hills as one the Top 10 "Emerging Growth Corridors" for the 1990s. "It has come to fruition," he says. From city, county and state entities, companies that locate to the development may qualify for a 10-year, 100 percent tax abatement on real and/or personal property. Hernandez says Westover Hills' proximity to a sizable work force is key to attracting employers to it. From 1990 to 2000, the 78251 zip code in which Westover Hills is located has seen its population jump from 15,000 to 26,000 residents. "It's always important to companies when they see the number of rooftops," Hernandez says. Westover Hills has about 1,000 homes, but other residential subdivisions surround it. Another 200 undeveloped residential acres remain available. Companies continue to locate to Westover Hills partly because of the development regulations that protect their investment, Wender says. "We have some of the strictest requirements in San Antonio," he says. Illustrating the extent of "protective covenants" that builders have to follow, he flips through hundreds of pages of regulations. “There's a standard for everything," he says. "We control the lighting. We control signage. We control the trees, materials, everything. We propose using the natural, natural stone and trees." An added protection is Westover Hills' designation as a city scenic corridor that prohibits billboards. As an example of a corporation pouring resources into protecting its investment, he points to the campus of The Capital Group Coso at the corner of Westover Hills and Wiseman boulevards. The 88-acre campus with 500,000 square feet of office space is barely visible from the road because of its tree coverage. It was designed by New York City-based Pei Cobb Free & Partners Architects LLP, the company founded by the world renowned LM. Pei, who designed the Grand Louvre pyramid in Paris. What's next While corporate campus sites remain a concentration for Westover Hills, Hernandez expects the development will change its direction somewhat. "Now it has a critical mass of major employers that need additional services, so it will see more retail and more service operations," he says. He's right. Wender is working with a major retail developer to build what is tagged a lifestyle center that would include retail, dining and entertainment venues. He compares it to the Huebner Oaks Shopping Center at 1-10 and Huebner Road. He did not want to disclose the developer's name, but he says it has a 67-acre site under contract near the Hyatt resort. Groundbreaking could take place at the end of this year or early 2004. 38 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] 39 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Plaza Mexico - Hwy 151 and Military 40 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] company, or (iii) investing in an existing business, which results in a 40-percent increase in the enterprise’s net worth or number of employees. Potential Immigration Benefits 1. E-2 Treaty-Investor Nonimmigrant Status. As a Mexican national, your investment in a commercial enterprise may provide the foundation to apply for and obtain an E-2 treaty-investor nonimmigrant visa based on the North American Free Trade Agreement. In short, an E-2 visa is available to a principal investor to develop and direct the operations of a U.S. business and other Mexican nationals who will hold key positions, such as executives, managers, or essentialknowledge personnel, in a Mexican-majority-owned U.S. business. To qualify for an E-2 visa, an applicant must establish the following items about the investment: • The investment must be “at risk.” In other words, if the U.S. business fails, the capital invested must be subject to loss, e.g., unsecured personal business capital or capital secured by personal assets. Mortgage debt or commercially-secured loans do not qualify. • The investment must be “substantial.” To determine substantiality, three factors are considered: (i) the investment amount against the total cost to create the business; (ii) the amount normally considered sufficient to ensure the investor’s commitment to a successful operation; and (iii) the magnitude of investment to support the likelihood of success. Although there is no minimum investment amount, the lower the cost of the U.S. business, the higher, proportionately, the investment must be. • The investment may not be “marginal,” which means that the U.S. business must have the present or future capacity to generate more than a minimal living for the investor and his or her family. • The investment must take the form of a contribution of “at-risk” capital made for the purpose of generating a return. • You must have obtained the capital invested through lawful means. • The enterprise must benefit the U.S. economy and create full-time employment for at least ten U.S. workers. • You must manage the enterprise, either through day-to-day managerial control or though policy formulation. You would file an immigrant petition by alien entrepreneur, along with documentary evidence of the new business and investment, with the U.S. Citizenship and Immigration Services (“USCIS”). If approved, you and each dependent family member, may apply for an immigrant visa and alien registration at the U.S. Consulate in Ciudad Juarez. Upon approval, each applicant would receive conditional lawful permanent resident status for two years. You then would request the USCIS within 90 days prior to the two-year anniversary of having obtained lawful permanent resident status to remove the conditional status of the residency. Depending on your circumstances, other immigration alternatives also may be available. You therefore should consult with an immigration attorney to determine which option is best. 509163 000005 DALLAS 2077136.1 You would apply for an E-2 visa by submitting the appropriate applications, along with documentary evidence about the investment and U.S. commercial business to the U.S. Consulate that has jurisdiction over your residence in Mexico. The U.S. Consulate then will schedule an interview. If the consular officer approves the application, then he or she will issue a visa that may last up to five years. The first time when you enter the United States as an E-2 nonimmigrant, the immigration inspector should grant you a one-year period of authorized stay; each subsequent entry will result in your receiving a two-year authorization to remain in the United States. In addition, you may apply to renew your E-2 visa indefinitely, so long as your investment remains and you continue to direct and develop the investment. Spouses and unmarried children under 21 years old also may apply for and obtain E-2 visas, which would enable them to reside and attend school in the United States; only spouses, however, may seek employment. 2. Lawful Permanent Resident Status. The U.S. government makes available immigrant visas (green cards) to qualified foreign nationals who invest at least $1 million in a new U.S. commercial enterprise. To qualify for immigrant-investor status, you ordinarily must meet each of the following requirements: • You must invest or actively be in the process of investing at least $1 million in an enterprise. • You must make the investment in a “new commercial enterprise,” which you may establish by (i) creating an original business, (ii) purchasing and reorganizing an existing 41 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] HWY 151 & Military, LP 6700 Arena Boulevard Laredo, Texas 78041 EARNEST MONEY: $___________________ cash to be deposited in escrow with Chicago Title Company. CLOSING: Closing will take place within seven (7) days after substantial completion of the Unit. TITLE: At Closing, Seller will convey the Property to Purchaser by Special Warranty Deed and furnish Purchaser, at Seller's expense, an Owner's Policy of Title Insurance in the full amount of the Purchase Price. September _____, 2006 _________________________________ _________________________________ _________________________________ _________________________________ Re: COMMISSIONS: Nonbinding Letter of Intent – _________ square feet of space in the Plaza Mexico Development situated in San Antonio, Bexar County, Texas Gentlemen: HWY 151 & Military, LP or an affiliated entity ("Seller") desires to establish a business condominium to be known as “Plaza Mexico” on the Property described below located in San Antonio, Texas. If and when Seller elects to proceed with the development of such condominium, the Purchaser named below desires to enter into a contract to purchase the Unit described below. This letter serves to outline the general terms and conditions upon which the parties would proceed with such purchase and sale transaction. PRORATIONS: Ad valorem taxes, assessments, and all other applicable costs will be prorated on the Closing date. CONTRACT: The parties will execute a contract for the purchase and sale of the Unit within thirty (30) days after Seller notifies Purchaser that Seller is prepared to proceed with the development of the condominium. If Seller fails to so notify Purchaser within _______ days after the date of this letter, then this letter will be null and void. If the foregoing is acceptable, please execute below and return a copy of this letter to the , 2006, or this letter of undersigned on or before 5:00 P.M., Houston, Texas time, [DATE] intent will be considered null and void. This letter is merely an expression of interest and is not intended to be a binding contract. Nothing contained in this letter will be deemed or construed to create any obligations or liabilities on either party of any nature whatsoever. Therefore, unless and until a binding contract is executed and delivered by the parties hereto, neither party will have any rights, duties, obligations or liabilities of any nature whatsoever under or with respect to the subject matter of this letter. Sincerely, SELLER: PURCHASER: _____________________________________ HWY 151 & MILITARY, LP, a Texas limited partnership SELLER: HWY 151 & Military, LP or an affiliated entity By: UNIT: A store space containing approximately ____ square feet, as generally described in Exhibit "A" and located substantially in the area depicted on the site plan attached hereto as Exhibit "C". Seller will construct the Unit generally in accordance with the specifications described in Exhibit "B". Its: PURCHASE PRICE: $________ per square foot of space in the Unit. TERMS OF PURCHASE: Cash at closing. Hwy 151 & Military GP, LLC, a Texas limited liability company General Partner By: Page 1 of 6 ____________________________________ Julian L. DeAyala, Manager Page 2 of 6 509163 000005 HOUSTON 481252.2 509163 000005 HOUSTON 481252.2 42 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] ACCEPTED AND AGREED TO: EXHIBIT "A" this ___ day of _________________, 2006. CONDOMINIUM & PROPERTY DESCRIPTIONS PURCHASER: Plaza Mexico will be located within a tract of land containing approximately 80 acres situated at the Northwest intersection of Texas Highway 151 and West Military Drive in San Antonio, Bexar County, Texas (the "Development"). Plaza Mexico will be located on a 17-acre tract in the Development situated at the Northeast corner of North Ellison Drive and West Military Drive. ____________________________________ By: ______________________________ Seller intends to establish Plaza Mexico as a business condominium (the "Condominium") pursuant to the Texas Uniform Condominium Act. The Condominium will be comprised of the 17acre tract of land, together with buildings and other improvements containing approximately 130,000 square feet of retail space substantially in accordance with the site plan attached hereto as Exhibit "C". Each store space within the buildings will comprise a separate unit in the Condominium (collectively the "Units" and each individually a "Unit"). Title to each Unit will include a proportionate share of the common areas of the Condominium. Name: ______________________________ Title: ______________________________ A Unit owners' association (the "Association") will be established for the Condominium. Among other things, the Association will have authority to levy assessments for (1) common area charges (e.g., electricity, water, landscaping and maintenance), (2) a management fee, and (3) the cost of advertising to promote Plaza Mexico. In addition a property owners' association will be established for the Development (the "Development Association"). The Development Association will have the authority to levy assessments on the units in the condominium for costs of maintaining the common areas of the Development. Page 3 of 6 Page 4 of 6 509163 000005 HOUSTON 481252.2 509163 000005 HOUSTON 481252.2 43 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] EXHIBIT "B" EXHIBIT "C" UNIT CONDITION AT CLOSING/DELIVERY SITE PLAN Each Unit will be a "basic cold dark shell" ready for Purchaser's build out. A "basic cold dark shell" means that only the following items will be provided in each Unit: 1. 2. 3. 4. 5. 6. 7. 5Ǝ reinforced concrete floor slab will be installed; sanitary sewer service will be provided under slab; domestic water service will be provided overhead; fire sprinkler system will be provided as turned-up heads; electrical service is provided at an electrical service room in each building; structural steel designed areas to carry roof top A/C units; and store front glass and glazing with glass and aluminum door. Page 5 of 6 Page 6 of 6 509163 000005 HOUSTON 481252.2 509163 000005 HOUSTON 481252.2 44 Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 713.203.9211 [email protected] Plaza Mexico San Antonio, Texas De Ayala Properties, L.L.C. 6700 Arena Road Laredo, TX 78041 713.203.9211 Alamo Architects 108 King William San Antonio, Tx 78204 210.227.2612