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.
Earlier this month, the Bexar County Commissioners Court agreed to begin negotiations with Broadway SA Investors GP, LLC, a company affiliated with Pearl Build, on a 10-year tax abatement for a 263-unit apartment project.
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.
The Pearl is poised to undergo its greatest expansion in years after the city’s Historic and Design Review Commission approved three projects at its Wednesday meeting.
Silver Ventures, the developer behind the Pearl, is planning to restore the former Samuels Glass Co. building, 221 Newell Ave., into a market that will include four restaurants and a bar.
New French comfort food spot Brasserie Mon Chou Chou will open for dinner service Monday at the Pearl, offering a casual atmosphere with wine, oysters, cheese plates and heartier entrees.
The project would be the fourth major multifamily development by Silver Ventures, and would push the Pearl’s apartment total past 900 units.
The Pearl is primed to grow further north after its developer Silver Ventures purchased a full city block at the limit of the River Walk.
The Pearl is transforming its annual Día de los Muertos celebration into a virtual experience this year, though some in-person amenities will still be available.
Sabot Development of Austin is planning to build a 10-story mixed-use project west of the Pearl across the Museum Reach.