This post has been updated with the project’s cost.
In the spring of 2019, Dallas developer Stillwater Capital hopes to begin construction on a 260-unit apartment building at the northern corner of McCullough Avenue and Augusta Street. This project will be strictly residential; no retail.
The development will take up the 2.1 acres of land surrounded by McCullough Avenue, Augusta Street, Brooklyn Avenue and Dallas Street; just north of the Valero on McCullough, and south of Central Catholic High School.
The market-rate apartments will rise five stories tall, and Stillwater Capital hopes to complete the project by early 2021. The project will cost $28 million to construct, according to documents submitted to the Texas Department of Licensing and Regulation.
On Wednesday, the project received the final go-ahead from the Historic and Design Review Commission, which had granted conceptual approval in June.
According to property records, the square block is still owned by the Junior League of San Antonio.
Two historic homes — the Claudius King House at 819 Augusta, and the Nesbitt House at 723 Brooklyn — will be moved to new locations prior to construction. The King House is moving to a spot just across Augusta Street, and the Nesbitt House is moving to Navidad Street on the near West Side.
The multifamily project, which Stillwater Capital refers to as 819 Augusta, is rare in that it does not need assistance from the city’s Center City Housing Incentives Policy (CCHIP).
When Stillwater Capital was ready to ask the city for incentives earlier this year, CCHIP already had been suspended by Mayor Ron Nirenberg. A revised version of CCHIP, one that aids affordable housing in San Antonio, is scheduled to be presented to the City Council for a vote on Oct. 11.
In a brief interview after the HDRC meeting, Easterling explained that the project didn’t need the incentives, after all.
“We didn’t want to wait, and we had already discussed viable options,” said Brandon Easterling, a partner at Stillwater Capital.
Stillwater Capital did receive fee waivers under the city’s Inner City Reinvestment and Infill Policy. City officials did not answer by deadline the Heron’s request for the amount of fee waivers 819 Augusta received.
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