On San Antonio’s north side, Daniel Corporation’s Hartwin Bulverde development is quietly turning into one of Bexar County’s big-ticket builds. The partially finished complex along the north side of Loop 1604 carries an estimated $64.6 million construction price tag, placing it among the priciest multifamily projects on local record. The plan calls for 350 apartments plus 24 garage-equipped carriage homes, and leasing staff say some units are already occupied while the carriage homes are still under construction.
TDLR Filing Flags Near-Record Price Tag
A filing with the Texas Department of Licensing and Regulation pegs Hartwin Bulverde’s construction estimate at about $64.6 million, which would make it the most expensive multifamily project in the agency’s database, according to The Real Deal. On the 350-unit count, that works out to roughly $185,000 per unit. The outlet also notes the filing lists Daniel Corporation Vice President Andrew Irish as the project contact.
Inside Daniel’s North Side Build
Daniel Corporation’s own project page describes Hartwin Bulverde as a 350-unit premium rental community that broke ground in August 2023, with 326 apartments spread across seven four-story elevator buildings and 24 carriage-house townhomes that each include a private garage, per Daniel Corporation. Planned perks range from a three-tiered resort-style pool and clubhouse with coworking areas to fitness spaces, a pet park with spa, and select units outfitted with wine fridges and smart-home features. The carriage homes are marketed as more private, garage-equipped dwellings aimed at renters who want single-family-style parking and storage without giving up apartment-style leasing.
Rents, Specials, And Where It Sits
Public listings and the community’s own leasing materials show studio rents starting roughly between $1,360 and $1,380, with three-bedroom units beginning around $2,500 to $2,660, and list the address as 17626 Bulverde Rd, according to local listings and property pages. ApartmentHomeLiving and other community listings show move-in specials and units labeled “available now,” even as some carriage-home floor plans remain limited or absent from online inventories. Those asking rents sit well above San Antonio’s citywide averages for studios and larger apartments, underscoring the property’s luxury positioning.
A High-End Bet In A Cooling Pipeline
Hartwin Bulverde is coming online just as San Antonio’s multifamily pipeline eases off a post-pandemic building surge, a shift that has some developers stepping back and lenders picking projects more cautiously, according to industry reporting. Apartments.com reports that multifamily starts have fallen sharply in recent years, and RentCafe data shows San Antonio’s average rents still trail many other Sun Belt metros. That backdrop will test how quickly Hartwin’s higher-priced units lease without heavy concessions, and brokers and developers are watching to see whether the project’s elevated rent levels hold as the remaining townhomes are finished.
What Comes Next
For now, the public filing puts a firm number on Hartwin Bulverde’s construction costs, and lease-up performance will reveal whether north San Antonio’s appetite for upscale rentals can support that investment. The Real Deal reports that Daniel Corporation did not immediately respond to requests for comment, while leasing staff told the outlet that parts of the project could open as soon as April. Watch occupancy trends and concession offers over the coming months to see whether the development’s high per-unit cost ends up looking like a savvy long-term play or an expensive stress test for San Antonio’s luxury rental market.
