With construction costs and interest rates soaring, San Antonio developers are struggling to make the numbers work for their affordable housing projects.
The city of San Antonio is preparing to disburse nearly $44 million to housing developers and landlords for the production of 686 apartments, the repair of another 1,775 units, and the construction of 71 single-family homes.
Houston developer Urban Genesis says it’s on schedule to start construction on its holdings on and off North St. Mary’s Street—overall, a $45 million series of developments for a total of 178 market-rate apartments—by first quarter 2023.
UTSA’s $124 million Innovation, Entrepreneurship and Careers (IEC) building, the university’s next phase on Dolorosa, received full funding.
The 121-room Artista Hotel planned for a compact property on East Travis Street and the river received final approval from the Historic and Design Review Commission on Wednesday.
The Pearl’s development company is moving forward with plans to build a 9-story mixed-use structure, which would include 250-275 market-rate apartments, on a full city block bound by East Josephine, Isleta, East Grayson and the river.
A partnership managed by Bruce Hill, one of the investors buying the San Antonio Missions double-A baseball team, purchased property on the near West Side in May, nearly adjacent to a site highlighted in a 2016 report as a suitable spot for a downtown baseball stadium.
Developer Jake Harris is planning to build a 1,000-apartment project West Josephine that would also touch the St. Mary’s Strip. If built, it would add the flurry of new housing developments either under construction or in the planning stage for Tobin Hill.
New Hemisfair renderings show a 29-story, 360-unit apartment tower with a 7-level parking garage and 25,000 square feet of retail space on East Market Street. The plans are up for review this week.
UTSA’s School of Data Science and National Security Collaboration Center, 506 Dolorosa, are scheduled to officially open for the spring semester in January.