Four Oaks Tower Purchased

Cisneros-affiliated group buys unfinished residential tower for $9M

Local real estate company Mission DG, an affiliate of 210 Development Group, has bought the Four Oaks Tower — an unfinished building with a cloudy history that at one time was slated to be a senior living complex — for $9 million, according to Bexar County property records.

The nine-story, 82,206-square-foot apartment tower off Huebner Road at 11327 Expo Blvd. was bought at the end of August by Expo Tower LLC, an entity consisting of Mission DG Ltd. and Cisneros Miramontes DG LLC. The seller is an entity affiliated with a reported Monterrey, Mexico-based development company that bought the property in 2006.

The buyer includes multiple entities and partners. Henry Cisneros, who is a former U.S. Secretary of Housing and Urban Development and San Antonio mayor, and business partner Victor Miramontes are partners in Mission DG, as are 210 Development Group Managing Partners Michael Wibracht and Mark Tolley. Mission DG has been around for a few years and has been involved in a public-private partnership to redevelop the 374-unit Billy Mitchell Village apartments at Port San Antonio.

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