Introduction 

Affordable housing has been one of the hottest topics in San Antonio real estate and now, a major project is breaking ground right by the Alamodome. Central at Commerce, a $91.2 million investment, will bring 279 affordable apartments to the East Side, offering much-needed relief for renters struggling with rising costs. 

But this isn’t just another apartment complex. It’s a signal of where San Antonio’s housing market is headed, and it could influence everything from downtown living trends to property values nearby. 

The Project Details 

Central at Commerce will include: 

• 279 apartments ranging from one- to three-bedroom units 

• Rents set for residents earning 30–70% of area median income (AMI) 

• On-site amenities: a fitness center, pool, playground, and community gathering areas 

• Location: less than a mile from the Alamodome and downtown San Antonio 

The project addresses one of San Antonio’s most pressing needs, affordable housing close to jobs, schools, and transit. 

Why This Matters for San Antonio Real Estate 

According to Tami Price, Realtor in San Antonio, developments like this one are shaping the market in real time: 

• For renters: Affordable units open up options for families who might otherwise be priced out of downtown. 

• For buyers: Projects like this reduce pressure on the single-family home market by giving renters alternatives. 

• For sellers: East Side homes could see increased demand thanks to new infrastructure and amenities. 

With so many people moving to San Antonio, rental supply has lagged demand. This project could balance the scales at least in one part of the city. 

Impact on Nearby Neighborhoods 

The East Side has seen a wave of new investment in recent years, from Espee concerts and bars to the Frost Tower anchoring the skyline. This project strengthens the area’s reputation as a growth corridor. 

• Homeowners nearby may see property values increase as demand for housing grows. 

• Investors should keep an eye on mixed-income developments that could stabilize neighborhoods. 

• First-time buyers might find incentives as developers aim to attract more residents. 

Expert Insights 

Tami Price notes: 

“Affordable housing close to downtown is rare. This development could change the game for families who want to be near jobs, schools, and entertainment without stretching their budgets. It’s also a sign that developers are taking San Antonio’s affordability crisis seriously.” 

Practical Takeaways 

• Buyers: Ask your lender about loan programs designed for first-time buyers near growth areas. 

• Renters: Keep an eye on leasing announcements, these apartments will likely fill fast. 

• Sellers: Highlight proximity to new developments in your marketing to attract interest. 

Conclusion 

The Central at Commerce project is more than just an apartment complex, it’s a step toward balancing San Antonio’s affordability crisis. Whether you’re buying, selling, or renting, developments like these reshape the market. 

For personalized guidance in navigating San Antonio’s real estate, contact Tami Price, Realtor. 

Frequently Asked Questions

1. When will the Central at Commerce project open? 
The timeline has not been finalized, but construction is moving forward in 2024–2025. 

2. Who qualifies for the affordable units? 
Residents earning 30–70% of the San Antonio area median income. 

3. How does this affect home prices near the Alamodome? 
Increased development usually drives property values higher by improving infrastructure and amenities. 

4. What does this mean for East Side growth? 
It signals more investment in housing, retail, and entertainment on the East Side. 

Want to learn more about how projects can affect your home’s value or buying decisions?
Text Tami at 210-620-6681 or follow @tamisellssanantonio for the latest real estate and community updates in Greater San Antonio.
Tami Price, Realtor® | Broker Associate | Real Broker, LLC