Maverick Whiskey, a distillery under construction inside a historic bank building at 115 Broadway, is scheduled to open in early October.
The $3 million project by Dr. Kenneth Maverick, a descendant of Texas Declaration of Independence signer Samuel A. Maverick, could receive a city incentive worth up to $15,000. Earlier today, the Houston Street Tax Increment Reinvestment Zone board gave city staff the OK to begin negotiating the incentive with Sam Maverick Spirits, LLC.
The distillery, located next to Paris Hatters, will include a 100-seat tasting room, event space, and its own offices and conference rooms.
Kenneth Maverick, a local ophthalmologist, was not immediately available for comment. But Daniel Esperiqueta, Maverick family business manager, said construction was on track for the distillery to open in the fall.
The building with its Greek column facade was built in 1918 for the Lockwood National Bank. It most recently housed Antiques at One Fifteen Broadway, but that business has been closed for years. The land on which the building stands was the corner of the original Maverick family homestead, according to Maverick Whiskey’s website.
At the TIRZ meeting, board members were told the $15,000 would likely pay for lighting of Peacock Alley, which flanks the building to the south. In a TIRZ, revenue collected from the increase of taxes is invested back into the zone.
» Read more about Maverick Whiskey in an interview Maverick did with the San Antonio Express-News last year.
» Read more about Samuel Augustus Maverick on the Texas State Historical Association’s website.
Featured photo by Ben Olivo / San Antonio Heron
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