SAN ANTONIO— Following the announcement of its major anchor, IKEA, the long-planned Live Oak Town Center is closer to becoming a reality. Weitzman is working on plans for a regional-draw retail center to be developed on more than 60 acres at the southwest quadrant of IH-35 and Loop 1604 in the San Antonio suburb of Live Oak. In addition to the 290,000-square-foot anchor, Cencor plans to develop approximately 480,000 square feet of anchor and shop space.
Weitzman City Partner Michael Schoenbrun will direct development of Live Oak Town Center. David Nicolson, president of the San Antonio office of Weitzman, will handle leasing.
“With IKEA as the anchor, Live Oak Town Center will become one of the strongest retail destinations in our market,” Schoenbrun said. “Nothing puts you on the map quite like being South Texas’ only location for one of the most popular retailers in the world.”
Live Oak Town Center will also benefit from the intersection’s strong retail line-up, which includes close to 20 retail anchors like Target, Home Depot, Regal Cinemas, Kohl’s and many more.
With the announcement from IKEA, Weitzman is starting immediately on marketing for Live Oak Town Center, Nicolson said. “We will be talking to anchors, restaurants and entertainment uses, and with the commitment from this powerhouse retail anchor, we expect the interest to be very strong,” he said.
Weitzman plans to break ground on Live Oak Town Center in late 2017, with openings set for 2019.