In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
Center City Housing Incentive Policy
The $24 million incentive package that GrayStreet Partners and Midway received last month to redevelop the former Lone Star Brewery tops the list of San Antonio’s most subsidized urban development projects.
Weston Urban expects to begin work on its $107 million high-end apartment building in the middle of this year.
Riverplace would fill about 3.2 acres of land with a 20-story multifamily building, a 17-story condominium building and an office building of undetermined height, along with the 21-story Dream Hotel.
The approval of an ordinance that would require future housing developments that receive city incentives to consider tenants with housing vouchers has been delayed by the City Council.
The proposed ordinance is intended to increase the housing options for low-income renters in San Antonio.
Weston Urban’s plan to build downtown’s tallest residential building, a 32-story apartment tower, took a step forward on Wednesday when a city board granted its design conceptual approval.
Robert “Dick” Tips, owner of Mission Park Funeral Chapels and Cemeteries, is pursuing the development of a mid-rise apartment and condo building near the Broadway corridor.
The Museum Reach Lofts, a true affordable housing building in the downtown area, welcomed its first residents this week near the Pearl.