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.
In mid-May, The Flats at River North, one of downtown’s largest mixed-use developments, began receiving its first residents.
Local developer David Adelman and a partner have purchased a four-acre warehouse property directly north of the Lone Star Brewery with plans to build on the momentum of the area’s growth by developing it with a residential use.
The $51 million renovation of the Granada Homes building on South St. Mary’s and Villita streets includes restoring the common areas to look almost exactly as they did when the building opened in 1928 as the Plaza Hotel.
Any concerns about the sheer size of the Lone Star’s $24 million incentive deal, or over the potential displacement of nearby residents, were outweighed by the fact that someone is finally breathing new life into these ghostly industrial shells after 25 years.
On Thursday, City Council unanimously approved $24 million in incentives to help a partnership between GrayStreet Partners and Midway succeed where so many others have failed: to redevelop the blighted Lone Star Brewery complex.
Developer David Adelman plans to build in west downtown for the first time with a 122-unit apartment building at Cattleman Square.
The San Antonio Housing Trust and developer NRP Group are fielding offers to purchase the Cevallos Lofts, the 252-unit apartment building credited with spearheading growth in that area of Southtown since it was built in 2010.