What’s growing in San Antonio? Everything! Starting with the population, which has grown by 8% in the past ten years. It’s estimated that more than a million more people will call San Antonio home by 2040. Builders are taking note!
Supercharged?
With so much action in Austin, and the rapid growth of New Braunfels, San Antonio’s been a bit under the radar, but as The New York Times reports, it won’t be for much longer:
A number of large-scale projects will bolster recent growth downtown. The $700 million Lone Star District should break ground this year; Essex Modern City, a $150 million multiuse district, finally cleared funding and regulatory hurdles; and the second phase of redevelopment within. Park will break ground this fall. Other notable projects include a mass-timber office tower called the Soto, a $450 million renovation of the historic Alamo Plaza, and the development of new parks and green space along the San Pedro Creek.
The nexus tying these threads together may be the significant expansion of the downtown campus of the University of Texas at San Antonio, which held a virtual groundbreaking in January. Expected to draw 15,000 additional students over the next decade, the university is adding streetscapes and academic facilities, including the $90 million School of Data Science and National Security Collaboration Center, to supercharge growth in industries of the future.
Construction’s taking off at San Antonio’s airport too. With so much building going on, it’s no wonder more business is projected there too. Got some business projections of your own? Gearing up to bid? Let Colonial Surety give you a boost with your analytics—and a surety line of credit in writing. That’s exactly what our Partnership Account® services will give you. Build your business by leveraging our technology. Once qualified for your Partnership Account® you can:
- Use your private Owner’s Dashboard® for a personal window into your underwriting profile. Review the statistical analysis of your financial statements scores, profitability, and more.
- Access a powerful online surety management system to issue bid bonds, order performance, and payment bonds, update work in progress, check your current and aggregate limits, view open and closed bid and performance bonds, and more.
- Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.
- Protect the confidentiality of your bids—after all, no one’s in the middle when you do it yourself, right?
To apply for The Partnership Account®—complete with your single and aggregate surety line of credit in writing—start with our brief pre-qualifying form, and receive, for free, Dun & Bradstreet scores: Pre-qualify Here!
What’s Not Happening In Texas?
Construction’s everywhere, it seems. Apple expects employees to start using its new $1 billion Austin campus next year. Tesla’s got a facility going there too. Playtime? Everyone’s talking about Moody Center Arena . Of course, Austin also has a With all this happening, of course, Austin is also busy with massive airport expansion planned. Some of the passengers and cargo are likely bound for nearby New Braunfels, where the growth spurt shows no sign of stopping. Located between Austin and San Antonio, New Braunfels is now the third fastest-growing city—in the country. New homes are rising—and hundreds of millions have been allocated for infrastructure to keep up.
Ready to dig in? Trying to keep up? Let’s get you building anywhere in the country with The Partnership Account® from Colonial Surety Company. Then, you’ll take on lots more new projects with confidence. Get Moving with The Partnership Account®
Colonial Surety is built on reliability, affordability and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!