San Antonio Investment Links

Developers purchase 1,700-acre tract in S.A.
$100 million investment eyed for new housing
San Antonio Business Journal - November 17, 2006
by Tricia Lynn Silva

Asked what's been keeping him busy lately, local businessman Craig Glendenning simply replies, "We're just working on dirt."

The "we" in this case is Glendenning and his partner, Dallas-based businessman Shaul Baruch.
And that dirt the two are working on includes a 1,766-acre land purchase that the team "put to bed," late last month.

The tract is located off of Bandera Road, about five miles north of Helotes, says Glendenning, who is the president of San Antonio-based Post Oak Development of Texas Inc.

Just one mile south of the tract runs State Highway 211 -- a thoroughfare that has received a lot of attention lately from other land owners and developers.

What Glendenning envisions for the tract is a master-planned community that could accommodate several residential neighborhoods featuring homes in varying price ranges -- from the high $100,000s on up to $1 million in select areas.

The name of the community?

"I like Geronimo Ranch," says Glendenning, who points out that San Geronimo Creek runs through the property. "Or maybe San Geronimo Ranch."

"This is the greatest area in San Antonio," boasts Baruch of the recent deal.

What Baruch, who is the owner of Baruch Properties, envisions is a development that will someday rival high-end communities along Interstate Highway 10 -- like the Dominion and Crownridge.

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