The project by Sabot Development will consist of 299 market-rate units, 12,000 square feet of retail and 429 parking spaces.
San Antonio River
An unnamed 29-story hotel-and-condo tower is being proposed where the former WOAI-TV building currently stands vacant on the River Walk.
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.
The developers of the Lone Star Brewery are seeking $24 million in subsidies from the City of San Antonio to cover the cost of infrastructure and other public upgrades in and around the long-abandoned site.