San Antonio, Texas, November 25, 2025
Oxbow Development Group is launching ‘The Mira’, an eight-story apartment complex in San Antonio’s Pearl district. Slated for construction start in May, this $65 million project will feature 250,000 sq. ft. of residential space and enhance local connectivity with new infrastructure. The Mira is part of Oxbow’s strategy to revitalize the area, alongside additional developments aimed at meeting housing demands.
San Antonio, Texas – Oxbow Development Group is set to make waves in the local real estate market with plans to begin construction on “The Mira,” an impressive eight-story apartment complex. Scheduled to start in May 2026 and anticipated for completion in early 2029, this $65 million venture aims to provide a significant boost to the vibrant Pearl district, reflecting the resilient spirit of local entrepreneurs and the ongoing growth of San Antonio’s economy.
The Mira will encompass approximately 250,000 square feet of residential space, along with 433 parking spaces and 3,800 square feet earmarked for commercial use. This multifaceted development is part of Oxbow’s comprehensive strategy to expand the Pearl district, which has become known for its eclectic blend of residential, commercial, and cultural offerings. As the city continues to grow, such initiatives are essential for meeting the demand for housing while enhancing the urban experience for residents and visitors alike.
### Oxbow’s Broader Expansion Plans
In addition to The Mira, Oxbow Development Group is undertaking several other projects that underscore its commitment to the revitalization of the Pearl area. These include Coopers Row, a spacious 262-unit apartment complex, and Coopers Row North, featuring an additional 75 units, both situated along Elmira Street. Another project in the pipeline is set to convert an existing industrial building on Josephine Street into approximately 200 new apartments. Furthermore, plans are in progress to debut a 166-room hotel on Elmira Street, providing more budget-friendly accommodations that stand in contrast to the high-end offerings at the luxury Hotel Emma.
### Enhancing Connectivity in the Pearl District
Understanding the importance of seamless connectivity within the neighborhood, Oxbow has invested in constructing new bridges across the San Antonio River. These infrastructural advancements are designed to better link the Pearl district to surrounding neighborhoods, ensuring easy access for residents and guests. Such improvements are a crucial component of urban development, encouraging community interaction and fostering economic growth.
### Funding for Infrastructure Improvements
In April 2024, the Midtown Tax Increment Reinvestment Zone board approved an allocation of $6.8 million for Oxbow to enhance public infrastructure in and around the Pearl area. This funding will support the development of essential features including sidewalks, bike lanes, bridges, stairs, and street regrading. By investing in such infrastructure, the city not only improves the livability of the area but also fosters a business-friendly environment that encourages further private investment and entrepreneurial ventures.
### The Driving Force of Workforce Housing
Interestingly, Oxbow has indicated that some units in The Mira could be designated as “workforce” housing, proposing rents that are more accessible than the high-end apartments typically found in nearby complexes. This focus on affordability reflects an understanding of the diverse needs of San Antonio residents, making urban living a reality for a broader range of individuals and families. The inclusion of workforce housing options aligns with the city’s goals of promoting diversity and inclusivity in its housing market.
### A Bright Future for the Pearl District
The Mira project is poised to play a pivotal role in the ongoing renaissance of the Pearl district, contributing to its status as a dynamic hub in San Antonio. The integration of residential units and commercial spaces, combined with improved infrastructure, is expected to draw more residents and businesses to the area. This, in turn, will enhance the appeal and economic vitality of the Pearl district, showcasing the potential of private investment in shaping the urban landscape.
In summary, the ambitious developments by Oxbow Development Group, including The Mira, represent a strategic push toward revitalizing one of San Antonio’s most cherished neighborhoods. As this project and others like it unfold, they promise to bolster the economy and improve the quality of life for residents, proving that with a little ingenuity and support, local entrepreneurs can profoundly impact their communities for the better.
### FAQ Section
| Feature | Details |
|---|---|
| Project Name | The Mira |
| Developer | Oxbow Development Group |
| Location | 1315 E. Elmira St., San Antonio, Texas |
| Project Type | Eight-story apartment complex |
| Residential Space | Approximately 250,000 square feet |
| Parking Spaces | 433 |
| Commercial Space | 3,800 square feet |
| Construction Start Date | May 2026 |
| Expected Completion | Early 2029 |
| Project Value | $65 million |
| Other Developments by Oxbow | Coopers Row (262 units), Coopers Row North (75 apartments), 200 apartments on Josephine Street, 166-room hotel on Elmira Street |
| Infrastructure Improvements | Sidewalks, bike lanes, bridges across the river, stairs, street regrading |
| Funding for Infrastructure | $6.8 million approved by Midtown Tax Increment Reinvestment Zone board in April 2024 |
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