Category: News
Familial foundation keeps Yantis business strong
In 2002, The Yantis Co. had $35 million in revenue. By 2006, revenue was up to $100 million. That’s about the time Mike Yantis Jr. and Blake Yantis began to work full time at the San Antonio construction company.
Cousins Mike and Blake are third-generation members of the Yantis line of management. They’ve recently been promoted to president and CEO, respectively. But their sights haven’t always been focused on the positions they now hold.
“I probably went back and forth until I graduated,” said Mike, who admitted he wasn’t sure about working at the company his first six months there.
Mike, 27, graduated from Texas A&M University, came back to work during the summers and started full time right out of college. Blake, 26, defied the family tradition and went to the University of Texas at Austin, but his Aggie family welcomed him anyway. They both earned business degrees.
“Everything in school was definitely through the lens of Yantis Co.,” said Blake, who also considered taking up his hobby, photography.
In 1965, John Yantis founded the company. His sons Mike Sr. and Tom then ran the company and are now co-chairmen of the board. The company has about 560 employees.
Yantis works on 50-70 projects at a time, including residential site work, commercial construction and public building. Right now, one of its largest projects is at what will be the new Tesoro Corp. headquarters, where Yantis is paving the way for two new roads. The project will run more than $14 million, Mike said.
Mike oversees operations, such as the project managers and fieldwork. Blake runs the internal side, focusing on accounting, purchasing and development. The two cousins have their differences, but they said the differences complement each other.
“Blake and I get along great,” Mike said. “It’s a lot of fun working with him.”
In a business with four Yantises, however, decisions are hard to agree on completely, whether it’s about a multimillion-dollar project or a box of paper clips.
“We’re all pretty hard-headed,” Blake said.
But at the end of the day, they all come together, and the cousins are free to run the company.
“Mike (Sr.) and Tom are both brilliant in their own respects,” Blake said. “We probably take it for granted.” When the Yantis cousins took charge, they wanted to increase their business relationships and to have
more professional interaction with the companies they build for.
“We’re more a partner,” Mike said. “We’ve really created some great relationships.”
Those relationships have helped Yantis maintain projects, such as the San Antonio International Airport, where the company has completed more than $80 million in runways and taxiways since 1989.
“They are a fine local and family-owned business,” said Doug McMurry, executive vice president of the Associated General Contractors of America San Antonio branch. “They’re a well-known company with a great reputation.”
Yantis has seen the correlation between relationships and growth.
“The quality of people we’ve been able to bring in has been the driving force behind us,” Blake said. Blake’s dad, Tom Yantis, shares that sentiment.
“The single biggest reason for their success is the people they surround themselves with,” Tom said. “I’m very proud of what they’ve achieved in a short amount of time.”
Tom said their can-do attitude and lofty goals have helped them boost the business.
“I hope that they continue doing what they’ve done in the past five years for the next 20,” he said. Not yet in their 30s, the Yantises have found their age to be both an advantage and a challenge.
“It was real hard at first,” Mike said. “But we try to get in and show these guys we know what we’re talking about.”
Both Mike and Blake agree their age gives them an aggressive attitude and gives them a fresh perspective on the business, which they are using to adapt with the market.
The current housing market slowdown has been a downfall, but Yantis has supplemented that by shifting to more commercial projects.
“We have always been successful in the residential market,” Blake said. “In 2005 and 2006, that was probably 85 percent of our business.”
Now, the projects are more evenly split between residential and commercial.
Mike also said public projects, such as school construction, will help them keep busy. “We’re diversifying and trying to have a balanced attack,” he said.
That attack might include the Austin area in one to two years, Mike said. Right now, Yantis has projects only in the San Antonio area.
One of Yantis’ obstacles seems to be an ongoing issue for all construction companies. “Skilled labor is probably our biggest challenge,” Mike said.
That should continue to get tougher in San Antonio, as workers will be needed for commercial, military and public projects.
16-inch layer of asphalt to be replaced by concrete
By Scott Huddleston
The echoing crescendos of jet airliners passing overhead may get louder for some and softer for others while International Airport’s main runway is closed for at least a month.
Residents and businesses northeast and southwest of the airport are most likely to be affected by the closure, scheduled to begin Thursday, as the Yantis Corp. replaces a 16-inch layer of asphalt with concrete on a section of runway.
During the expected 30- to 50-day construction period, air-traffic controllers will direct most flights to the airport’s “crosswind” runway, which runs parallel to Wetmore Road, airport spokeswoman Linda Wasserman said. The work is not expected to affect the airport’s operating capacity.
“The main thing that’ll be different from the public’s point of view will be what people on the ground are hearing,” particularly from inbound flights, Wasserman said.
Noise may increase northeast of the airport, along upper Wetmore, and to the southwest along San Pedro Avenue, from just south of Loop 410 to near Basse Road, she said. The main runway will reopen Saturday to small aircraft, and may accommodate some inbound commercial flights.
“The key concern is that large planes may not have enough room to take off there during construction,” Wasserman said. The crosswind runway sometimes is used when strong northwest wind hampers takeoffs from the main runway. The direction of traffic on a runway may vary daily, according to wind and other factors.
“We’re taking advantage of this time of year, when we would normally use our crosswind runway. But we’ll be using it over a prolonged period,” Wasserman said.
The runway work is part of a $3.4 million project using federal and local funds to replace sections of the runway and a parallel taxiway that are up to 40 years old. All but a small section of the main runway was replaced several years ago, Wasserman said. Asphalt is outdated in runway construction, primarily because it deteriorates when jet fuel is leaked or spilled, she said.
No A&M regents dissent in vote to join Big Eight
Texas and Texas Tech universities were expected to decide Friday to follow the lead of Texas A&M and Baylor and to join the Big Eight Conference.
Texas A&M regents voted Thursday – one day after Baylor – to sever its nearly 80-year ties to the Southwest Conference, moving it one step closer to extinction.
“We are proud to have been asked and enthusiastic about joining a conference with these eight great universities,” said E. Dean Gage, A&M’s interim president.
“This new alignment not only offers new opportunities for all 12 universities in men’s and women’s intercollegiate athletics, but further establishes an even closer relationship in the areas of teaching, research and public service,” he said.
There was little discussion Thursday among the seven regents who participated in a telephone conference call at a special board meeting.
A quick vote was taken on the motion to leave the conference, and no one dissented. A&M Athletic Director Wally Groff said he had mixed emotions about the vote, saying while it was good for his school, he was “sad for the schools not invited.”
The decision, however, was not difficult, he said. “If you’re not moving forward, you’re moving backward,” Groff said. “We needed to move forward. It was really a decision about what’s best for our athletic program. “Aggies are tradition-minded, and I’m an Aggie. But change is inevitable.” Texas A&M, Baylor and Texas are charter members of the SWC, which organized in 1914. Texas Tech joined in 1956. Baylor’s decision to quit came Wednesday, just days after the Big Eight made its proposal wooing the four so-called “haves” of the SWC. The offer excluded Houston, Rice, Southern Methodist and Texas Christian, who have been dubbed the league’s “have-nots.” Housing and Urban Development Secretary Henry Cisneros, a former mayor of San Antonio and alumni and former board member of Texas A&M, said the university’s decision marked “the passing of an era.”
“Change is coming all over the world, and I guess the Southwest Conference is going to have to change with it,” Cisneros said Thursday from his Washington office.
“There was a lot to be said for a mainly Texas conference, one with all Texas schools and Arkansas, and in its heyday, it was a glorious conference,” Cisneros said.
“Its high point was in 1969 with Texas and Arkansas, as No. 1 and No. 2, playing each other for the national championship.”
Cisneros noted that the larger conference will heighten competition for A&M and enable the university to recruit nationally as Nebraska and Oklahoma now do.
“It will be one of the strongest conferences with Oklahoma, Colorado, Nebraska, A&M and Texas,” Cisneros said. “Nobody will be able to match it except the Southeast Conference in its good years or the Pac-10. It’s gonna be a strong conference.”
Bryan Dausin, one of a local dynasty of A&M football players, also had mixed feelings about the news.
Dausin was the first of his family to play at A&M as an offensive tackle from 1978 to ’82.
Brother Chris just finished his last season and brother Randy played in the mid-’80s.
“It’s a good opportunity,” said Bryan Dausin, offensive coordinator at Lee High School. “It gives them an advantage in taking (the team) to the next level because they’ll bring their programs into the spotlight.”
But there’s a downside, too, he said.
“It’s unfortunate that the conference is going to be disbanded because there’s a lot of tradition and good memories that have been developed through the years. It means the end of a lot of rivalries. It’s sad to see that come to an end.”
Councilman Lyle Larson, an Aggie who has been attending A&M football games since he was 2 years old, embraced the decision, saying he was looking forward to new rivalries with teams in other states.
“People have a lot of pride in their state,” the 1981 graduate said.
“So whenever we go into Oklahoma, Nebraska and Missouri, the state for the most part will get behind whatever (Texas) team is competing,” he said.
Larson, son of a 1956 A&M graduate, made the following prediction: “We will dominate the Big Eight like we did the Southwest Conference the past 10 years.”
Lowry Mays, president and chief executive officer at Clear Channel Communications, lauded Wednesday’s action, saying: “I think it puts us in a much more competitive posture. I think it will help the athletic program at Texas A&M immensely.”
Mays, an A&M regent from 1986-91, noted that the football program helps finance a large portion of other athletic programs at A&M, and the combination of a lucrative television contract and increased gate receipts for football will increase those finances.
“For all of the women’s sports and for all of the minor sports, it is football that generates the revenue to run those programs. A large part of that, aside from the gate (receipts), is television revenue, and this will put A&M and those other schools in a position to have a lot more games televised,” Mays said.
“OU, Nebraska and Colorado are going to be somewhat stronger than SMU, realistically, but we’ll be able also to be more competitive in a recruiting situation because I think it will be more attractive to recruits to play in a stronger conference,” Mays said.
A stronger football schedule coupled with a successful record also would make A&M a stronger candidate for a No. 1 ranking, Mays added.
Winston Lorenz, chairman of the San Antonio River Authority board, said he hated to see the breakup of the Southwest Conference, but he believed it was inevitable, given the departures of Arkansas, Baylor and A&M and the likelihood that Texas and Texas Tech will follow suit. He added that the switch will bring new challenges for A&M.
“For sentimental reasons I hate to see it, but I know it’s best because we can’t get any good television contracts,” said Lorenz, class of ’37.
“That’s going to be a tough conference, but I think we can rise to the occasion and it will cause us to really get down and play football,” Lorenz added.
Apolonio Flores, executive director of the San Antonio River Authority, agreed, but he was more upbeat about A&M’s chances for greatness.
“Obviously, it’s a move that needs to be made, and for A&M and ‘t.u.’ it will be a good move,” said Flores, class of ’62.
“What the hell! We’ve been beating all of them (in the Southwest Conference) for so long now, we need to find someone else to beat,” Flores added.
Engineer, developer and farmer Jim Uptmore said one downside of the switch will be longer road trips.
“I try to make all the games, and it’s a lot farther to Oklahoma than to Houston, but I’m going to go wherever the games are,” the 62-year-old Aggie said.
“I have reserved 11 weekends (for games) and have told my family I’ll do whatever they want the other 41,” the businessman and Aggie Club member said. “I’ve told them if they want to get married or remarried, go pick another weekend.”
His attitude about A&M’s membership in the Big Eight was that “it was something that needed to be done” to help lackluster game attendance.
Having played ball at A&M in the Southwest Conference under Coach Gene Stallings, 1972 graduate Ed Ebrom said it was “hard to see it go” even though he knew it was inevitable.
“I’d like to see the Southwest Conference stay intact, but it can’t,” said Ebrom, a manager of medical office buildings. “I don’t think it would survive so I’m not opposed to (the switch).”
Like other Aggies, the change means logging a few more hours on his plane for away games.
“I’m going to go to just as many games as before – all of them,” he said. “Wherever they play, I’ll be there.”
John Yantis, a ’53 graduate, said the Big Eight membership all boils down to one thing: economics.
As to how the Aggies will fare in the Big Eight compared to the SWC, the 62-year-old highway contractor expects his favorite team “to be on a par with all the rest of them.”
The Associated Press contributed to this report. Southern Methodist University colleges
The Distinguished Alumnus Award, the highest honor bestowed upon a former student of Texas A&M University, has been awarded since 1962 to only 268 of Texas A&M’s 459,000 former students.
Presented jointly by the university and The Association of Former Students, this award recognizes Aggies who have achieved excellence in their chosen professions and made meaningful contributions to Texas A&M University and their local communities.
- Announced March 20: John M. Yantis ’53 founded construction firm Yantis Co., and was named the Ernst & Young Entrepreneur of the Year in 1988. He is deeply involved in philanthropy and service in San Antonio and at Texas A&M; he established a student assistance fund with The Association and has served on the 12th Man Foundation board.
- Announced March 9: Craig Brown ’75, co-founder and chairman of Bray International Inc., has built the Craig and Galen Brown Foundation into a program that selects 30 A&M freshmen a year as Brown Scholars and boosts A&M’s success in recruiting National Merit Scholars, in addition to his support and service to A&M engineering and honors programs and the Corps.
- Honored posthumously: Maj. Gen. Raymond L. Murray ’35 led troops in three wars, from World War II to Vietnam, and was among the most highly decorated Aggies in school history, recipient of two Navy Crosses, a Distinguished Service Cross and four Silver Stars. He became a legend in the U.S. Marine Corps for his leadership at the Chosin Reservoir in the Korean War.
- Announced Feb. 25: Arno W. Krebs, Jr. ’64, a retired partner with Fulbright & Jaworski, has served as president and a director of the Texas Aggie Bar Association and also represented Texas A&M legally. He has volunteered time to A&M as president of the 12th Man Foundation and on boards and councils including those of The Association and the College of Education and Human Development.
- Announced Feb. 25: William M. “Bill” Huffman ’53 practiced law in Marshall for many years. His service to fellow Aggies includes everything from mentoring students, supporting programs and scholarships and sponsoring Association gifts for hundreds of students to compiling a directory of the Class of 1953.
- Announced Feb. 24: Gen. William M. Fraser III ’74 has served as Vice Chief of Staff of the U.S. Air Force and commander of Air Combat Command and U.S. Transportation Command. He has served Texas A&M in numerous positions including as a member of the President’s Board of Visitors.
- Announced Feb. 23: Jorge A. Bermudez ’73 spent 33 years with Citibank and Citigroup and has served Texas A&M through the International Advisory Board and the Texas A&M Foundation and as chair of The Association of Former Students’ board.
Read more at tx.ag/DA2017, and watch this page and the Aggie Network social media for additional announcements as they happen in the coming weeks.
The Hyatt Resort San Antonio has begun a $4.7 million construction of roads surrounding the 200-acre property that will make it more accessible.
Project partner Woodbine Development Corp. said in a prepared statement Tuesday that the street improvements were not a part of the $50 million project in Northwest San Antonio.
“We wanted people to know construction on the road system is taking place, and that it is a part of the land-purchase transaction. But it’s not related to the groundbreaking of the resort itself,” said Woodbine spokeswoman Phyllis Walters. Master plan
Developer Charles Martin Wender, credited with having brought the resort to the city, said that the roads surrounding the project will meet the specifications for the city’s thoroughfare master plan and will be dedicated to the city and county when completed in October 1991.
He said the improvement package was “a positive example of money that’s being spent in the city that is a result of this resort hotel.”
Road construction, which began Monday, will include Hunt Lane between Westover Hills Boulevard and Texas 151; Military Drive West between Hunt Lane and Texas 151; Rogers Road from Westover Hills Boulevard and Military Drive West, and a short connector road between Rogers and Texas 151.
The infrastructure improvements will benefit the other two tourism attractions Sea World of Texas and the planned Fiesta Texas and enhance the city’s image as a visitor destination, said Bob McCullough, spokesman for Sea World of Texas, the hotel’s neighbor.
Coupled with the planned improvements on Interstate 10 near Loop 1604 and Monday’s announcement that USAA, Opryland USA Inc. and VIA Metropolitan Transit Authority are discussing a proposed train line between downtown and Fiesta Texas, the Northwest Side will become more attractive than ever for development, said Todd Beebe, commercial real estate broker.
The resort hotel calls for a 500-room hotel, conference center and 18-hole golf course and a river for rafting. Construction is expected to begin next summer and should be completed in a year.
The project had been delayed by problems in securing financing. On Sept. 7, Woodbine announced it had obtained the participation of Shimizu Corp. and Kawasaki Steel Corp. as equity partners and of the Long- Term Credit Bank of Japan as lender. The property was purchased from Wender and members of the Wiseman family. The land purchase transaction closed last month.
Woodbine said that locally based Yantis Corp. was the successful bidder for general contractor, with Pape-Dawson Engineers of San Antonio responsible for planning and civil engineering.
We have used Yantis on many of our projects for more than 20 years and been very pleased with their work as our Civil Contractor. The reasons we are so pleased with Yantis is as follows:
If we have a question, we always get a rapid response from the project manager on the job site or upper level management: Arnold Briones & Mike Yantis.
Construction timeline: Yantis consistently beats the timeline.
Pricing: Yantis is price competitive and cost effective on our projects
They have never let us down. We consider Yantis a valued member of our team.
Geoff Fitzgerald
Fieldco, LLC
According to Economist Mark Dotzour of College Station, a decade long boom in single-family house construction and a likely comeback for the energy business will extend an already longer-than-average U.S. economic expansion.
Texas is second in population with an estimated 27,469,114 residents. Based on numbers from 2015, the state’s population saw and increase of 9.24 percent since the 2010 census. The top employer is Texas A&M University, in fact, the state is home to 208 colleges and universities. Texas A&M is followed closely by Shell Deepwater Development Inc., MD Anderson Cancer Center, and Dell. The top industries are agriculture, petrochemicals, energy, computers and electronics, aerospace, and biomedical sciences.
It is hard to imagine why a 200-acre parcel of vacant land at one of the busiest intersections in the city sat on the market for more than five years.
But now that San Antonio-based development group Blackburn Properties has closed on the acreage at Potranco Road and Loop 1604, founder and CEO Paul Blackburn is moving on plans to deliver the next power center to the high-growth area — and fast.
Those initial plans include roughly 500,000 square feet of retail, as well as 55 acres set aside for a mix of multifamily and single-family residential development.
And with some of the strongest demographics in the city — rising population and income levels, accelerated residential and commercial construction, job growth, as well as a high number of millennials — interest among retailers has already surpassed the developer’s expectations.
“It’s the density and quality of the trade area, the site’s location at a hard corner. … The land wasn’t ready for retail 10 years ago, but now it is,” Blackburn said of the initial demand.
Endura Advisory Group Associate Vice President Eric Lundblad said the property, which is being marketed as The Shops at Dove Creek, has already received about 65 percent worth of pre-leasing commitments for its retail space.
The Shops at Dove Creek will be almost 5 miles south of the Alamo Ranch power center, which is 5 miles south of the 851,342-square-foot Bandera Pointe, which itself is 5 miles south of The Rim and The Shops at La Cantera.
See a pattern?
There is also a common thread among retailers that have established a presence along those northwestern retail centers, and with Blackburn’s plans to add another one to the mix, it will give them a chance to travel down Loop 1604 to target growth in far West San Antonio.
“It’s the next logical intersection that can accommodate a power center, and the next logical step for retailers that have set themselves up along West Loop 1604,” the developer said.
While neither Blackburn nor Lundblad provided any details as to which retailer has expressed interest in leasing at The Shops at Dove Creek, Blackburn said tenants would be “typical of a power-center lineup,” which usually include a mix of national, regional and local franchises. In looking at the retailers that lease space in the three power centers north of the future Dove Creek property, chances are good that some of the larger users will include Target, Lowe’s, Kohl’s, Gold’s Gym, Ross, Spec’s and Ulta, given that they have a presence in two or more of the nearby retail properties.
But with a similar tenant lineup, Blackburn said he is putting more thought into making sure the property fits into the surrounding area. With the help of Villa Park Architecture, the local developer said he wants to “take the time to develop a cohesive development and carry a common theme architecturally.”
Blackburn said he’s also planning to hold onto the property long term, which is significant, since about 99 percent of his retail portfolio is outside San Antonio and has been built to sell.
“I anticipate it to be a solid asset that’s consistent with other retail properties in the area,” Blackburn said, adding that it will be a lender-financed project. “The goal is to develop a well-planned, well-designed mixed-use development in an underserved area.”
And once construction starts in spring 2017 and starts to deliver the initial phases of retail space a year later, that underserved classification will no longer apply.
Story by Katie Burke via the San Antonio Business Journal. Read the original article here.