AT&T Inc. recently announced a Letter of Intent with Vistana, Ltd. to build a fiber network to deliver the AT&T U-verseSM suite of services, which includes Internet Protocol television, high-speed Internet access service and, eventually, voice services, to a new, mixed-use high-rise structure in historic downtown San Antonio.
To date, the AT&T Smart Moves program has signed more than 9,000 contracts with leased properties for AT&T communications and entertainment services, reaching 1.8 million units across the country for these types of bundled services. At The Vistana, AT&T will provide its first fiber deployment for U-verse to a multifamily and retail property.
AT&T will make Internet Protocol-based communications and entertainment services available to residents who will move in to The Vistana. Officials held unveiling ceremonies this week at nearby Milam Park in San Antonio. AT&T U-verse TV and high-speed Internet services are currently available in San Antonio, and the company plans to make U-verse services available in Houston and additional markets later this year.
"We know that the demand for the next generation of entertainment and communications services doesn't distinguish between suburban and urban living," said Brooks McCorcle, AT&T vice president and general manager for the San Antonio market area. "We look forward to working with The Vistana to serve the hundreds who will reside here, and we consider this new agreement a real turning point for our Smart Moves program. It's another strategic way that we are connecting customers with our next generation of services—while providing property owners with added value that helps differentiate their properties in a growing, fiercely competitive marketplace."
Construction on The Vistana will begin in late 2006 and will be complete in late spring 2008. The Vistana will be a 14-floor, 530,000-square-foot art deco building that will include a four-floor parking garage with more than 450 spaces and 246 market rate rental apartments above, including the top two floors of two-story penthouses. The sixth-floor amenity deck will include a theater, among other features. The building is expected to open in late spring 2008.
In addition to the millions of rental units served through the Smart Moves program, since 2005, the total number of single-family homes under AT&T Smart Moves contracts has increased from about 460,000 to more than 930,000—including those that are fiber-enabled and others that involve bundled services and other types of networking.
To learn more about this new development, check out the AT&T press release.
