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Brooks Development Authority, NRP partering on $78M mixed-use

SAN ANTONIO – The group in charge of the former Brooks Air Force Base is teaming up with Cleveland-based NRP Group on a mixed-use development, including a market-rate apartment project known as “Project Yeager.”

The apartments and commercial buildings are slated to rise on the northwest side of Loop 410 and I-37 interchange.

The total project is expected to cost about $78.2 million and add approximately 350 apartments to the area.

The Brooks Development Authority plans to purchase a nearly 24-acre property, then lease 13.93 acres to the developer for the apartments in a 75-year deal. The developer will pay $75,000 in rent the first year, with a 3 percent yearly increase.

Brooks will oversee leasing the commercial and retail center.​