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Richard Webner

GrayStreet Partners’ big dream for Houston Street that never materialized

January 20, 2022 By Richard Webner

The 300 block of East Houston Street includes the Vogue, Grant and Kress buildings.

In 2015, GrayStreet Partners announced it had purchased several iconic buildings on East Houston Street, and spoke of the corridor’s rebirth. Nearly seven years later, the local developer has been selling off its assets as it shifts focus, and capital, to other projects.

Filed Under: City of San Antonio, Historic Preservation, Houston Street, Office, Retail, Sidebar Deep Dive, Streets & Sidewalks, Tech District, Transactions Tagged With: Adam Neumann, Bohanan’s Prime Steaks and Seafood, Broadway East, CBRE, City of San Antonio, David Adelman, David and José Cáceres, Decade of Downtown, East Houston Street, Federal Realty Investment Trust, Frost Bank, Frost Bros., Frost Tower, Fulcrum Development, Geekdom, Graham Weston, GrayStreet Partners, Houston Street, Houston Street TIRZ, Ivy Taylor, Julián Castro, Kevin Covey, Kress building, La Panadería, Lone Star Brewery, Maryland, Mercado Roma, Mixtli, Neisner's, Nick Longo, Peter French, Pharm Table, Presa Street Bridge, River Walk, Rockville, Scott Herbold, Texas de Brazil, Travis Park Plaza, Vogue building, W Hotel, Walgreens building, West Houston Street, Weston Urban, WeWork, Wolff & Marx

Fort Worth-area developer buys Villita Street properties where twin high-rises were envisioned

January 13, 2022 By Richard Webner

This vacant lot, 112 Villita St., was recently purchased by Newstream Capital, based in Roanoke, a northern suburb of Fort Worth, on Dec. 27, 2021.

Newstream Capital, from a northern suburb of Fort Worth, bought two properties on Villita Street, across from the Tower Life Building. The firm is still deciding what to build on them.

Filed Under: Development, Transactions Tagged With: BH Properties, Blueprint Hospitality, CPS Energy, GrayStreet Partners, JMJ Development, Mexican Consulate, Newstream Capital, Riverwalk Plaza hotel, SAHA, San Antonio Housing Authority, Strategic Property Investment, Tim Nystrom, Tower Life building, Villita Street

108-year-old Tobin Hill home demolition on hold after SAC says it’s not interested in buying it

January 12, 2022 By Richard Webner

The proposed demolition of the 108-year-old Hughes home in Tobin Hill, owned by the Archdiocese of San Antonio, is on hold after community outcry led San Antonio College to withdraw its interest in the property.

Filed Under: Architecture, City of San Antonio, Historic Preservation, Neighborhoods, Tobin Hill Tagged With: Archdiocese of San Antonio, Catholic Student Center, Conservation Society of San Antonio, HDRC, Historic and Design Review Commission, Hughes home, Jordan McMorrough, Ken Slavin, La Meri, Lynn Knapik, Mario Bravo, Mason Maury, Mike Flores, Monte Vista, Office of Historic Preservation, OHP, R.M. Hughes, Robert Vela, Russell Hughes, SAC, San Antonio College, Shanon Shea Miller, Tobin Hill, Tobin Hill Community Association, Vincent Michael

GrayStreet Partners buys parking lot next to Mexican Consulate from CPS Energy

January 11, 2022 By Richard Webner

This lot at 121 Navarro St., formerly owned by CPS Energy, was recently purchased by local developer GrayStreet Partners.

Downtown developer GrayStreet Partners on Thursday purchased a one-acre parking lot from CPS Energy, next to the Mexican Consulate and across from the Tower Life Building, in the heart of downtown.

Filed Under: CPS Energy, Transactions Tagged With: BH Properties, CPS Energy, GrayStreet Partners, Kevin Covey, Lone Star Brewery, Mexican Consulate, Midway, Nora Castro, Peter French, Villita Assembly

Dallas firm buys Encore SoFlo apartments in south downtown San Antonio

January 9, 2022 By Richard Webner

Encore SoFlo, 326 S. Flores St., has been sold to Strategic Property Investment, a firm with offices in Dallas and Austin.

The 338-unit Encore SoFlo, one of the recent apartment buildings to breathe life into the area north of the H-E-B SoFlo Market, has been purchased by Texas firm Strategic Property Investment.

Filed Under: Center City Housing Incentive Policy, Housing, Transactions Tagged With: Birwood Heights Apartments, Blue Star Arts Complex, CCHIP, Center City Housing Incentive Program, Encore Multifamily, Encore SoFlo, H-E-B SoFlo Market, Hemisfair, Heritage Plaza, La Mirage, Michael Becker, San Pedro Creek Culture Park, Sean Mabarak, Southtown Flats, Strategic Property Investment

Augusta Flats, Jones & Rio apartment buildings in River North sold to Northeast group

January 7, 2022 By Richard Webner

Augusta Flats apartment homes in downtown San Antonio, Texas, on Jan. 6, 2022.

A partnership between two investment firms from the Northeast has purchased the Augusta Flats and Jones & Rio apartment complexes—two of the largest residential developments to be built in north downtown in recent years.

Filed Under: Center City Housing Incentive Policy, City of San Antonio, Housing, Museum Reach, River North, River Walk, Transactions Tagged With: 120 Ninth Street, Alamo Manhattan, Augusta Flats, Benefit Street Partners, Constellation Group, Jones & Rio, Museum Reach, Pearl, River North, River Walk, San Antonio Museum of Art, SC Bodner Company, Stillwater Capital, Strategic Properties of North America, Tobin Center for the Performing Arts

CPS Energy sells former HQ to out-of-town firm with hotel plans

January 5, 2022 By Richard Webner

The CPS Energy company, 145 Navarro St., is selling one of its buildings in downtown San Antonio, Texas, Jan. 4, 2022.

CPS Energy has sold its former headquarters at 145 Navarro St. on the River Walk to a real estate company that plans to renovate it into a hotel.

Filed Under: CPS Energy, Hotels, Office, Parking, River Walk, Transactions Tagged With: BH Properties, Blueprint Hospitality, CPS Energy, Kishan Patel, Le Meridien by Marriott, Nora Castro, Paula Gold-Williams, River Walk

Best Western renovation in St. Paul Square signals confidence San Antonio’s hospitality sector will recover

November 30, 2021 By Richard Webner

The Best Western at St. Paul Square is being renovated.

A local investment group is renovating the Best Western on East Commerce Street, adding a speakeasy to its basement, in a show of confidence in San Antonio’s hospitality sector and St. Paul Square.

Filed Under: Commerce Street, East Downtown, Hotels, St. Paul Square, Tourism Tagged With: 1902 Nightclub, Aiden by Best Western, Chris Hagee, Daniella Ritter, David Adelman, George Icke & Bros. building, Hagee Hospitality Group, Henry B. Gonzalez Convention Center, HSI Design Group, Marc Weinstein, NRP Group, REATA Real Estate, San Antonio Express-News, St. Paul Square, Stanley Shropshire, Sunset Station, The Baldwin, The Espee, Tibor Ritter, Virtus Real Estate Capital, Weinritter Realty

Encore development gets tax incentive after gaining McKee-Rodriguez’s reluctant support

November 18, 2021 By Richard Webner

Construction work continues on Oct. 6 on Encore Multifamily's 386-unit apartment building that consumes most of the land bound by North Alamo, East Grayson, Austin, and West Carson streets.

An up-to-$7 million incentive package for a high-end apartment complex in Government Hill won unanimous approval from City Council on Thursday after a change of heart from District 2 Councilman Jalen McKee-Rodriguez.

Filed Under: Broadway, Broadway East, City of San Antonio, Development, Government Hill, Housing, Neighborhoods Tagged With: Ana Sandoval, Broadway East, City Council, Clayton Perry, Decade of Downtown, Encore Multifamily, Fulcrum Development, Government Hill, GrayStreet Partners, Jalen McKee-Rodriguez, John Courage, Manny Pelaez, Mario Bravo, Melissa Cabello Havrda, Midtown Tax Increment Reinvestment Zone, Midtown TIRZ, Planning and Community Development Committee

Preservationists helpless as archdiocese seeks to demolish 108-year-old home in Tobin Hill

November 16, 2021 By Richard Webner

The Hughes home, 312 W. Courtland Place, was built in 1913.

The Archdiocese of San Antonio seems determined to demolish the 1913 Hughes house, adjacent to San Antonio College, despite appeals from preservation groups, the neighborhood and the city.

Filed Under: Architecture, City of San Antonio, Historic Preservation, Neighborhoods, Tobin Hill Tagged With: AHP Digital, Alamo Colleges, Archdiocese of San Antonio, Conservation Society of San Antonio, Frank Lloyd Wright, HDRC, Historic and Design Review Commission, Jordan McMorrough, Ken Slavin, Mario Bravo, Mason Maury, Monte Vista, Office of Historic Preservation, Otto Koehler, Pearl Brewing Company, R.M. Hughes, R.M. Hughes & Co., Ricki Kushner, Russell Hughes, San Antonio College, San Pedro Springs Park, Shanon Shea Miller, Tier One Neighborhood Coalition, Tobin Hill, Tobin Hill Community Association, Tobin Hill Historic District, Vincent Michael

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