San Antonio District 2 City Councilman Alan Warrick and representatives from Terramark Urban Homes gathered March 17 to celebrate the opening of the Urban@Olive residential community.
Terramark built Urban@Olive, a 22-single-family housing development, at Burleson and North Olive Street in the Dignowity Hill. The East Side neighborhood is seeing a rise in infill resident development.
Urban@Olive broke ground on this project in June 2016. The new community is designed to complement the architectural landscape of the surrounding Dignowity Hill neighborhood. Each home’s exterior is a modern spin on the traditional craftsman style home. “Urban@Olive is a significant opportunity for homeowners to call District 2 home,” said Warrick in a press release.
“Urban@Olive is within walking and biking distance to downtown, as well as numerous restaurant and entertainment options including the Hays Street Bridge, Pearl Brewery and the River Walk. I would also like to recognize Terramark Urban Homes for supporting our work on the Dignowity Park Project by Public Space East to transform nearby Dignowity Park.” The Public Space East initiative meant to unify Dignowity and adjacent Lockwood Parks into a singular safe public haven for neighborhood residents. “The city of San Antonio is also providing about $40,000 in infrastructure assistance for public improvements related to the site,” Warrick added. “Our goal is to revitalize the San Antonio East Side, and I’m proud to say that the Urban@Olive homes are helping us achieve that goal.”
As part of the Center City Housing Incentive Program, the project is receiving more than $268,000 in incentives from the city of San Antonio for developing additional housing within the center city. Incentives include city and San Antonio Water System fee waivers as well as a 10-year tax reimbursement grant. The Urban@Olive community has amenities, such as a private dog park, interior green spaces and low-maintenance living. Inside the homes, there are metal and exposed wood accents on the exterior pair with concrete floors, open floor plans and contemporary interior finishes. There are ceramic tile floors in bathrooms and wet areas on the second floor, as well as custom shaker-style cabinetry, and drought-tolerant landscaping. This two-phase development offers four unique floor plans in two- or three-bedroom configurations. Prices start at $255,840. A model home is located at 603 Burleson Street. Two additional homes are completed and are available for purchase. For more information, visit Terramark.