Weston Urban plans to complete construction of 300 Main, its 32-story apartment tower on the northeast corner of North Main Avenue and East Travis Street, by spring 2024.
Center City Housing Incentive Policy
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.
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.
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.
Let’s make one thing clear, the Decade of Downtown in San Antonio is alive and well. It hasn’t expired. And it will continue as long as there are city policies designed to incentivize the production of market-rate housing in the downtown area.
An unnamed 29-story hotel-and-condo tower is being proposed where the former WOAI-TV building currently stands vacant on the River Walk.
In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
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.
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.