San Antonio, Texas – 2012 The Kalikow Group Project Completed Edward Kalikow & Gregory Kalikow
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Property Information
Acquisition of 610± acre of vacant land located in Bexar County, San Antonio Texas at Highway 1604N and Highway 90 slated for over 2,400 homes and 70 acres of commercial/retail use. 90+/- acres of residential land was sold to LGI Homes in July, 2010 and LGI is actively developing the site and expected to build over 400 homes. LRGA still retains ownership in 519+/- acres of real property (448 acres of residential land and 71 acres of commercial frontage on Highway 90). LGI Homes, based in Conroe, Texas, is one of the fastest growing home builders in all of Texas and has performed extremely well during the recent housing down turn.
The Kalikow Group announces first round of home closings in far West Side community
By Tricia Lynn Silva, Reporter/Project Coordinator
Luckey Ranch, a master-planned development on San Antonio’s far West Side, is living up to its name.
Over the past three months, the project has netted 50 new home sales. Another 16 sales were under contract as of Nov. 30, according to officials with The Kalikow Group.
Based in Westbury, N.Y., The Kalikow Group is developing Luckey Ranch via a joint venture known as KEP Luckey Ranch Global Associates.
“San Antonio is the third-fastest growing area by population in the U.S.,” notes Edward Kalikow, president and CEO of The Kalikow Group. “Homes are reasonably priced and job growth is expanding. This all equals increased demand for single-family homes, and we are executing a successful business model in a sound market.”
The Kalikow Group first announced plans for Luckey Ranch back in mid-2009. All told, the project spans 610 acres along Loop 1604 and U.S. Highway 90. Of that, 539 acres have been carved out for residential development — for a total of 2,400 single-family homes. The remaining 71 acres have been zoned for commercial development.
Last year, Houston-based builder LGI Homes, in partnership with real estate investment firm GTIS Partners, purchased 93 acres out of the residential portion of Luckey Ranch. The 50 homes that have been purchased thus far, as well as the 16 homes under contract, are all part of LGI’s portion of Luckey Ranch.
The builder’s homes in the far West Side community range in size from 1,200 to 2,600 square feet, and in price from $129,900 to $172,900.
