The commission approved the project’s site and foundation plan, and work can now begin, but final approval on the Gensler-design will have to return to the HDRC some time in the spring, said Peter French, GrayStreet’s director of development.
French said construction would begin in the first quarter of 2019, and will take 24-30 months to complete.
The $97 million development will include 11 stories of hotel rooms, four stories of Class A office space, four levels of parking (one below grade), and one level of retail. No word on possible tenants to fill the office and retail space.
A block north on Broadway, Pearl developer Silver Ventures is building a 10-story office tower that will become the headquarters for Credit Human. It’s expected to be completed in early 2020, Silver Ventures told the Heron in a previous interview.
Construction on GrayStreet’s Broadway tower estimated to begin Feb. 1
Contact Ben Olivo: 210-421-3932 | email@example.com | @rbolivo on Twitter
It’s so sad this area of town will no longer have the city view of downtown lights nor view of the Pearl from the east side of Ft Sam. Blocking the views for San Antonio is not entirely progress. Traffic will be a nightmare for those of us living next door.
Train Guy says
If traffic is a concern, then I’m sure we can now count on a +1 for advocacy for more mass transit solutions. With centralized offices, it makes it easier than if these buildings were built on the edges of town. Highest and best use keeps the traffic nightmares to a minimum in the future.
Move further south.