East Sandalwood Lane – “Green Heights” Residential Homes
Juan Fernandez, founder of CVF Homes, tells 78209 Magazine he expects to begin construction on two of the 12 homes on their property on Simple Way, a new street into the complex that connects to East Sandalwood Lane near Home Depot. The homes will be priced in the high $500,000s. “We’re targeting younger families with children who want to be in the Alamo Heights Independent School District,” Fernandez said.
CVF Homes has an interest in several other properties on East Sandalwood Lane at Teak, but plans for development of those properties have not been disclosed.
The company recently completed and sold two “very contemporary homes” on Everett at Terra Alta. Fernandez stated, “We design homes that are super energy-efficient. We are green-certified and make solar options available.” For more, go to their website at www.cvfhomes.com.
Gas Station, Convenience Store May Come to West Sunset in 2018
Real estate magnate and developer Ed Beck predicts ‘09ers and others will be able to purchase gasoline and fresh fruits and vegetables on West Sunset by the end of 2018. There is no gas station or convenience store on that road at the present time.
Beck told 78209 Magazine he’s been talking with a high-end out-of-state convenience store operator about the project. He also believes the neighborhood could support an upscale restaurant, in addition to even more medical-related businesses and health care providers who “see West Sunset as a clone of the ‘South Texas Medical Center.’”
The 82-year old developer, a 1952 graduate of Alamo Heights High School, has been purchasing properties on West Sunset and Everest since 1978. “I’ve been offered a lot of money to sell some of my properties,” he says. “Most recently a Canadian developer wanted to buy the corner I own at Everest and West Sunset. But I’m not interested in selling anything.”
He and his wife, Jutta, own some fortyseven properties throughout Bexar County, including 10 along West Sunset and three on Everest Street.
New Life for 208 Grandview Place
Todd Beebe had always admired 208 Grandview Place, a 14,000-sq. ft., eight unit, multi-family home, built in 1998. It sits on a little over a half acre of land.
Beebe told 78209 Magazine, “I lived across the street for four or five years and always admired the property. I know the neighborhood and love it. It’s truly a hidden gem in the heart of 78209. I used to see a number of celebrities who lived there. It’s such a quiet and peaceful street with no airplane noise. So, when I heard owner Avi Langbaum was going to sell it, I was all in.” The property was assessed at nearly $1.5 million.
Beebe is quick to say, “I was just very lucky to acquire this major asset in a major location. It’s really a one of a kind property. You can walk to Central Market, Starbucks, a dry cleaner, pharmacy, banks, and more. It’s not an easily duplicated type of place to live.”
Beebe and his partner Al Stinson originally planned to just hold on to the property. But once they owned it, they decided to convert the units into eight townhomes averaging 1,800 sq. ft. All but one are two-bedrooms, 2.5 baths. One will be 3-bedrooms. They will all have attached one or two car garages. Beebe has no doubts the town homes will quickly sell. “They will sell themselves. Quality always sells.
“Our biggest challenge is people ask where we’re at and I tell them the corner of N. New Braunfels and Grandview Place and they have no idea where that is. It’s an ‘invisible location,’ which is ideal if you are living there.”
Custom home builder Mickey Starnes, Timber Ridge Construction, is the general contractor. Jefferson Bank is providing the construction financing and 30-year permanent loans for homebuyers.
For Beebe and his partner, this is not a one-and-done project. They have eyes on several properties throughout 78209, including a possible Medical Complex they may develop on W. Sunset near the Home Depot.
By Ron Aaron Eisenberg