Vise Oaks has filed plans for a 402-unit apartment complex called The Thomas at West Pointe, a 430,000-square-foot project expected to cost $98 million, or roughly $244,000 per unit, at 6223 Wiseman Boulevard in San Antonio. Construction is slated to start in December and wrap up by the end of 2028, though state filings tied to the project are subject to change.
The new complex would rise inside the Village at West Pointe, a 3,200-acre master-planned community that developer Vise Oaks says it has been assembling since 1998, according to the company's own site. As reported by The Real Deal, the community sits about 20 miles northwest of downtown San Antonio and stretches along Wiseman Road between Loop 1604 and Talley Road. Vise Oaks, which builds office, multifamily and single-family properties, already counts the 350-unit West Pointe Oaks apartment complex and Westover Baptist's 72-acre medical campus among the tenants anchoring the sprawling site.
A Big Addition to an Already Sprawling Community
The Village at West Pointe also includes multiple single-family subdivisions, according to the same report, making The Thomas at West Pointe the latest piece in a development that has been growing for nearly three decades. At 402 units, the new complex would be larger than the existing West Pointe Oaks property, giving the community a substantial jump in rental housing once construction wraps.
The timing lands as San Antonio's apartment market works through a prolonged supply hangover. The city's multifamily occupancy remained stable at 93.1% between the first halves of 2025 and 2026, with conditions improving across nearly every property class except Class A, according to a Colliers market report. That recovery has been gradual: average monthly rents fell from $1,207 in the first half of 2025 to $1,164 in the first half of 2026, the report notes.
Construction Pipeline Keeps Shrinking
San Antonio's development pipeline has been contracting for years, a trend that gives context to why a project the size of The Thomas at West Pointe stands out. The Colliers report counted 2,638 multifamily units under construction in the second quarter of 2026, marking a twelfth consecutive quarter of declining construction activity — down sharply from the roughly 8,600 units under construction halfway through 2025.
By the third quarter of 2026, the pipeline had narrowed further to 2,349 units, which a Matthews market report described as equal to about one and a half quarters of absorption at the city's trailing pace. Rent settled at $1,174 — down 1.4% year over year and 8.5% below its Q3 2022 peak of $1,283, per the same Matthews data.
Not the Only Big Filing This Year
Vise Oaks isn't the only developer betting on San Antonio's multifamily market even as the broader pipeline shrinks. Cleveland-based NRP Group filed plans earlier this year for its own $44 million apartment project at 13388 West U.S. 90 in far west San Antonio, with 12 three-story buildings totaling 382,486 square feet at a 20-acre site west of Loop 1604, the Real Deal reported in a separate filing. That project is expected to be completed in July 2028, though the filing for NRP Group's development doesn't specify how many units it will include.
Both projects point to developers still finding reasons to build despite falling rents and a slower construction pipeline overall. Whether The Thomas at West Pointe breaks ground on schedule in December remains to be seen, since the underlying state filings are, by their nature, subject to change.
