NorthPoint Development plans to break ground on its industrial project, Foster Commerce Center, in summer 2022—a $230 million investment that is expected to create over 1,000 permanent jobs and bring over $35 million of annual wages to China Grove, which is located 9 miles east of downtown San Antonio.
The development is estimated to create 950 construction jobs that will generate $16.5 million in annual wages. Stream Realty Partners will lease the project. Stream and NorthPoint Development are proud to partner to create a positive impact for the community. Foster Commerce Center is expected to consist of six buildings totaling over 2.2 million square feet. The first phase will include two buildings totaling 650,000 square feet.
“We are excited to partner with Stream for the leasing of this new development,” said Brent Miles, Chief Marketing Officer at NorthPoint Development. “We are grateful for the opportunity to invest in this community and help bring more than 1,950 new jobs to strengthen the short- and long-term economy.”
“Northeast San Antonio is proving to be one of the most dynamic industrial markets in Central Texas, and Foster Commerce Center will offer significant advantages to tenants due to the park’s accessibility to major highways and proximity to a great labor force,” said Kevin Cosgrove, Vice President at Stream Realty. “Stream is thrilled to expand our relationship with NorthPoint and we look forward to bringing great tenants to the project.”