Dream Hotel Group, a New York-based hotel company, announced Tuesday plans to build a 25-story, mixed-used development on the River Walk by 2023. The development includes a 217-room boutique hotel, “multiple” restaurants and nightlife venues, and residential units.
Dream Hotel Group declined to disclose the location. According to The Rivard Report, the location could be at the northeast corner of East Martin and Soledad streets across from the Wyndham San Antonio River Walk. The rendering released on Tuesday shows a property abutted by the river, a nondescript three-story office building, and the Wyndham’s parking garage.
It looks like the same block occupied by the two-story Bond’s 007 Rock Bar and V Lounge, the one-story retail spot formerly occupied by music venue Korova, coffee shop Ruta Maya, strip club River City Cabaret and private club The Red Carpet.
The group will submit designs to the Historic and Design Review Commission “in the next few months,” Katie Fontana, the group’s vice president of communications and public relations, said via email.
» Developer: Dream Hotel Group
» Address: Undisclosed (potentially northeast corner of East Martin and Soledad streets)
» Property owner: Edmund S. Beck (San Antonio)
» Type: Mixed-use (hotel, retail and residential)
» Height: 25 stories
» Units/square feet: 217 hotel rooms
» Land size: 1.3 acres
» Cost: Declined by developer
» Investors: Unknown
» Incentives: Opportunity Zone (federal program where developer receives break on capital gains tax)
» Rate of return on investment: Unknown
» Construction start date: 2021
» End date: 2023
» Architect: CUBE3 Architects (Massachusetts)