Cadence McShane Construction Company has been selected by repeat client, Sabot Development, as the general contractor for Elmira at Myrtle. Located in San Antonio, the new mixed-use development will incorporate 325 residential units with 14,000 square feet of ground-floor retail and restaurant space.
Sabot Development is an Austin-based real estate firm managed by Jim Young, CCIM. Young has participated in the development of over 100 projects ranging from net-leased, single-tenant retail centers to large multi-family developments. Young is a San Antonio native and Army Veteran.
“Cadence McShane has a solid reputation, execution ability and experienced multifamily team,” said Jim Young. “Their significant multifamily construction experience in San Antonio was a key decision point for our firm.”
Designed by the San Antonio office of Gensler, Elmira at Myrtle is positioned on 1.55 acres of land. The 11-story structure includes three floors of above-grade parking and eight floors of residential atop (325 units). Top floor units will feature 12′ ceilings and upgraded finishes.
Elmira at Myrtle also provides tenants with easy access to some of San Antonio’s best spots. Located near the Pearl District, the development is within walking distance of the San Antonio River Walk and Pearl Brewery, and is adjacent to the world-renowned Hotel Emma.
“We are excited about the opportunity to work with Jim on this amazing project, our second after the A-Loft Hotel in Austin,” said Srinath Pai Kasturi, Executive Vice President with Cadence McShane. “His vision for this project will certainly have a positive impact on the developments around the Pearl in San Antonio.”
Cadence McShane has been building multifamily projects since 1986 and was recently recognized in conjunction with its sister company, McShane Construction Company, as the seventh largest multifamily builder in the nation by the National Multifamily Housing Council.
Construction of Elmira at Myrtle is expected to begin in the first quarter of 2021.