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San Antonio Heron

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Richard Webner

Circa-1920s Exchange Building up for sale

April 25, 2022 By Richard Webner 4 Comments

The circa-1920s Exchange Building, 152 E. Pecan St., currently a 10-story apartment building, is up for sale. April 25, 2022.

The owners of the Exchange Building, which includes the San Antonio Housing Trust Foundation, are preparing to sell the Prohibition-era building to a local buyer.

Filed Under: Housing, San Antonio Housing Trust, St. Mary's Street, Transactions Tagged With: Andrew Weissman, David Lake, Exchange Building, Graham Weston, John Courage, La Reve, Lake|Flato, Michael Sohocki, Pete Alanis, Restaurant Gwendolyn, San Antonio Housing Trust, San Antonio Housing Trust Foundation, Ted Flato, Thomas Guggolz, Weston Centre

San Antonio City Council approves new agreement with Zachry for long-delayed Hemisfair project

April 7, 2022 By Richard Webner 52 Comments

Construction continues at Hemisfair's future Civic Park on the southeast corner of South Alamo and East Market streets on Thursday, April 7, 2022.

On Thursday, City Council approved a new agreement with Zachry Hospitality to redevelop the northwest corner of Hemisfair after the company failed to pay rent or meet its construction deadlines in a 2017 deal.

Filed Under: City of San Antonio, Development, Hemisfair, Parks & Plazas Tagged With: ’68 World’s Fair, Andy Segovia, City Council, David Adelman, David Zachry, Hemisfair, Hemisfair Park Area Redevelopment Corp., Hemisfair TIRZ, HPARC, John Courage, Johnson Trube & Associates, Lori Houston, NCAA Final Four, Richard Oliver, Ron Nirenberg, Schultze House, Tara Snowden, The Conservation Society of San Antonio, Vincent Michael, Visit San Antonio, Yanaguana Garden, Zachry, Zachry Hospitality

‘Along the lines of Hotel Emma.’ Austin developer has big plans for San Antonio Express-News building

April 1, 2022 By Richard Webner Leave a Comment

The former San Antonio Express-News building, 301 Avenue E, was recently purchased by Sutton Co. of Austin, which has plans to convert it into a mixed-use development.

Sutton Co. of Austin plans to convert the 1929 newspaper building into a boutique hotel with multifamily housing, retail and perhaps even a music venue.

Filed Under: Architecture, Development, Historic Preservation, Hotels, Housing Tagged With: Austin American-Statesman, Austin City Limits, Avenue Lofts, Chicago Tribune, First United Methodist Church, GrayStreet Partners, Hotel Emma, Light Building, Los Angeles Times building, Mac Pike, Mark Medici, Moody Theater, Opportunity Zone, San Antonio Express-News, San Antonio Light, Sutton Co., The Hearst Corp., The Plaza Lofts, Tribune Tower

Houston developer Urban Genesis buys more land on North St. Mary’s in San Antonio

March 25, 2022 By Richard Webner 58 Comments

Houston developer Urban Genesis has purchased this property on the northeast corner of North St. Mary's and Camden streets with plans to build apartments. March 25, 2022.

Houston multifamily developer Urban Genesis is tightening its hold on North St. Mary’s Street with the purchase of a 0.6-acre vacant lot, down the street from the San Antonio Museum of Art, where it plans to build apartments.

Filed Under: Development, Housing, Midtown & Pearl, North St. Mary's, St. Mary's Street, Tobin Hill, Transactions Tagged With: Armadillo Boulders, David Adelman, El Nogal Mexican Restaurant, Elsewhere Garden Bar & Kitchen, Man Overboard Brewing Company, Matt Shafiezadeh, Midtown Station, Ming’s, Museum Reach, North St. Mary’s, Pearl, San Antonio Museum of Art, San Antonio River, Shiro Japanese Bistro, St. Mary's Strip, The Lonesome Rose, Tobin Hill, Tre Trattoria, Urban Genesis

Mayor Nirenberg, City Council signal support for revised Zachry-Hemisfair lease

March 16, 2022 By Richard Webner 58 Comments

Construction continues at Hemisfair's future Civic Park on the southeast corner of South Alamo and East Market streets on Monday, March 14, 2022.

Mayor Ron Nirenberg and the City Council gave enthusiastic support on Wednesday to the city’s proposal to rewrite a five-year-old agreement with Zachry Hospitality regarding its plan to develop the northwest corner of Hemisfair, a long-delayed project.

Filed Under: City of San Antonio, Development, Hemisfair, Parks & Plazas Tagged With: Andres Andujar, City Council, City of San Antonio, Civic Park, David Adelman, David Zachry, HDRC, Hemisfair, HemisFair '68, Hemisfair Park Area Redevelopment Corp., HemisFair Park PFC, Hemisfair Park Public Facilities Corp., Hemisfair Tax Increment Reinvestment Zone, Hemisfair TIRZ, Historic and Design Review Commission, HPARC, John Courage, Johnson Trube & Associates, Lori Houston, Mario Bravo, NCAA Final Four, NRP Group, Ron Nirenberg, Schultze House, Yanaguana Garden, Zachry, Zachry Corp., Zachry Hospitality

Zachry’s failure to make Hemisfair rent payments prompts new lease agreement

March 14, 2022 By Richard Webner 67 Comments

Constructions continues at Hemisfair's future Civic Park on the southeast corner of South Alamo and East Market streets on Monday, March 14, 2022.

Years behind schedule, the construction of Hemisfair’s Civic Park has been delayed in part by Zachry Hospitality’s inability to start construction of its multi-use development.

Filed Under: 2017-2022 bond, 2022-2027 bond, City of San Antonio, Development, Hemisfair, Parks & Plazas Tagged With: ’68 World’s Fair, Andres Andujar, Cambridge Holdings, City Council, Civic Park, Convention Center, David Zachry, East Market Street, H.B. Zachry, Hemisfair, Hemisfair Park Area Redevelopment Corp., HemisFair Park PFC, Hemisfair Park Public Facilities Corp., Hilton Palacio Del Rio, HPARC, John Jacks, Lori Houston, Lynd Hospitality, Mario Bravo, Omar Gonzalez, Rod Radle, Ron Nirenberg, Schultze House, South Alamo Street, Tara Snowden, Thea Setterbo, Tower of the Americas, Tower Park, Yanaguana Garden, Zachry Hospitality

Lone Star Brewery project uncertain as GrayStreet-Midway offers 32-acre property for sale

March 10, 2022 By Richard Webner 1 Comment

The Lone Star Brewery taken Feb. 6, 2021.

The $596 million Lone Star Brewery project, which local developer GrayStreet Partners and Houston mega-developer Midway unveiled last year to great excitement, now faces an uncertain future.

Filed Under: City of San Antonio, Development, Lone Star, Mission Reach, Neighborhoods, San Antonio River, South Side, Southtown Tagged With: City Council, Craig Cargotta, Elizabeth Mercado, GrayStreet Partners, Inner City TIRZ, Jeff Hunt, JLL, Kevin Covey, Lone Star Brewery, Lone Star District, Midway, Neighborhood and Housing Services Department, NHSD, Peter French, Rebecca Flores, Red Berry Estate, Roosevelt Park Neighborhood Association, Shirley Gonzales

Weston Urban expected to buy Koehler House to serve as hotel, restaurant

February 21, 2022 By Richard Webner Leave a Comment

The Koehler House is located at 310 W. Ashby Place.

Developer Weston Urban is reaching beyond downtown as it prepares to buy the historic Koehler House from the Alamo Colleges District.

Filed Under: Food & Drink, Historic Preservation, Hotels, Tobin Hill, Transactions, Weston Urban Tagged With: ', Alamo Colleges District, Alamo Colleges District Board of Trustees, Archdiocese of San Antonio, Catholic Student Center, Conservation Society of San Antonio, Dr. Robert Vela, Dry Goods Building, Frost Tower, Geekdom, Graham Weston, Hughes home, Jordan McMorrough, Koehler Cultural Center, Koehler House, Office of Historic Preservation, Otto Koehler, Pearl Brewery, Rand building, Randy Smith, San Antonio College, Savoy building, Shanon Shea Miller, Texas Historic Landmark, Tobin Hill, Tobin Hill Community Association, Weston Urban

Rising rents, high occupancies signal ‘Decade of Downtown’ in San Antonio has worked, developers say

February 4, 2022 By Richard Webner 89 Comments

San Antonio Downtown drone shot.

The downtown San Antonio apartment market, which city leaders went to such great effort to grow, has matured to a point where it is drawing major attention from out-of-town investors.

Filed Under: Center City Housing Incentive Policy, City of San Antonio, Deep Dive, Development, Housing, Midtown & Pearl, Southtown Tagged With: 120 Ninth Street, Alamo Manhattan, Augusta Flats, Austin Investor Interests, Blackstone, Brad Miller, Brady Tower, Broadway, Broadway East, Cadillac Lofts, Canopy By Hilton, CCHIP, Cellars at Pearl, Center City Housing Incentive Policy, City Council, Constellation Group, Covid-19, Crockett Urban Ventures, David Adelman, Decade of Downtown, Ed Cross, Encore Multifamily, Encore SoFlo, Flats at River North, Franklin Templeton Investments, Government Hill, GrayStreet Partners, Hemisfair, HemisFair Park PFC, HemisView Village, Heritage Plaza, Inspire Downtown, Institutional Property Advisors, Jeremy Jessop, JJ Real Co., Jones & Rio, Jones and Rio, Julián Castro, Midway, Mission Escondida, Mission Reach, Mission Trails, Museum Reach, Patrick Shearer, Pearl, River Walk, Rivera on Broadway, Ron Nirenberg, San Antonio Housing Trust PFC, San Antonio River, San Pedro Creek Culture Park, SC Bodner Company, Southline, Southtown, Southtown Flats, Stillwater Capital, Strategic Housing Implementation Plan, Strategic Property Investment, The '68, The Agave, The Baldwin, The Floodgate, Towers at the Majestic, University of Texas at San Antonio, Vistana, West Oaks, Weston Urban, White Conlee

Staybridge Suites purchase expands local partnership’s St. Paul Square control

January 27, 2022 By Richard Webner 79 Comments

The Staybridge Suites, 123 Hoefgen Ave., was recently purchased by a local partnership that includes developer David Adelman.

Over the last five years, the partnership of developer David Adelman, and real estate executives Michael Jersin and Don Thomas of CBRE, have come to dominate St. Paul Square.

Filed Under: Commerce Street, East Downtown, Hotels, Nightlife, St. Paul Square, Transactions Tagged With: 1902 Nightclub, Aiden by Best Western, Bartell Zachry, CBRE, Cellar Mixology, Charles Leddy, Cuishe Cocina Mexicana, David Adelman, David Zachry, Don Thomas, East Commerce, East Commerce Realty LLC, Gonzales Street, Hoefgen Avenue, Michael Jersin, Presidian Hotels and Resorts, SSG Hotel LLC, St. Paul Square, Staybridge Suites, Sunset Station, The Baldwin, The Espee, The Spire, Toro Kitchen + Bar, Vaquero Ventures, VIA Metropolitan Transit, Vidorra, Weinritter Realty, Zachry Construction Co.

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Deep Dives

How municipal bonds work, and a brief history of them in San Antonio

Olivo: How McKee-Rodriguez’s support for a luxury housing project helps shape the Decade of Downtown

The Lofts at River North are under construction at Broadway and Jones Avenue in July.

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