Joint Venture Starts La Cantera Crossing Student Housing and Retail Project Near UTSA

A joint venture between Barshop & Oles Co. and Phoenix Property Co. has started construction on La Cantera Crossing, a 10-acre project near the University of Texas at San Antonio campus in San Antonio, Texas.

The development pairs two uses. Phoenix Property Co. is developing the student housing component, which will contain 563 beds. Barshop & Oles is building the retail portion, planned to include multi-tenant buildings and pad sites. The student housing is expected to be completed in fall 2028.

The report does not disclose further project details, leaving items such as total project cost and the specific retail tenant mix unconfirmed. Readers should treat the bed count and delivery date as the only firm figures available at this stage.

The deal shows how partners can split responsibilities on a campus-adjacent site, with one firm handling purpose-built student housing and another handling retail. Its scale and timeline offer a reference point for similar projects near university campuses.

Practical implication: developers and lenders evaluating student housing near a university should note the 563-bed count and fall 2028 target as benchmarks when assessing comparable San Antonio projects.