Plans of negotiating a master lease with an apartment complex for off-campus student housing ended for Texas A&M University-San Antonio in July of this year.
The university was looking to enter into a contract with Palomino Flats at 1459 W. Villaret Blvd to rent 60 apartment units.
The execution and authorization to negotiate the lease was authorized during the Texas A&M System Board of Regents meeting May 18. During the meeting, the board authorized the chancellor or a designee to “execute and deliver all documents, and to take all other actions necessary” to get negotiations for a lease contract underway.
Negotiations fell through after university officials received word that construction on the apartment complex was delayed and would not be completed until November, said Sam Boykin, senior communication manager at A&M-San Antonio.
Zeak Naifeh, associate vice president and dean of students, said that if negotiations with Palomino Flats had gone according to plan, the lease would have been effective for August and the apartments available for students to move into before the semester began.
At this time, the university does not have any plans in place to lease with Palomino Flats, because the timing is not ideal, Naifeh said.
“Prior to our conversations with Palomino Flats, we had been in conversation with a multitude of other apartment complexes, which did not work out,” Naifeh said. “We continue to have conversations with apartment complexes, including Palomino Flats, to offer options for students who wish to lease an apartment complex on an individual basis.”