The Midtown TIRZ board tabled $4.8 million in incentives for Broadway’s next apartment building because it needed more details on an even larger project it’s being asked to help fund: the burying of overhead power lines on Broadway from Interstate 35 to East Mulberry Avenue.
In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
Last month, plans for the restoration of the Leeds building, 345 W. Commerce St., were approved by the Historic and Design Review Commission.
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.
A nonprofit arm of Bexar County is set to partner with developer Weston Urban to build a 250-unit mixed-income apartment project on West Commerce Street.
The 140-unit project at 811 W. Houston St. will provide apartments priced for households making 30%-80% of the area median income.
The area median income, or AMI, for the San Antonio-New Braunfels region has increased from $72,000 to $74,100 for a family of four.
The controversial Friedrich Lofts project on the East Side was approved Monday by the Housing Trust PFC board, which is composed of five City Council members, despite concerns of gentrification.
In mid-May, The Flats at River North, one of downtown’s largest mixed-use developments, began receiving its first residents.
Two firms from outside Texas have purchased the Wyndham San Antonio River Walk hotel with plans to spend $50 million to turn it into a luxury InterContinental Hotel in early 2023.