In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
The $24 million incentive package that GrayStreet Partners and Midway received last month to redevelop the former Lone Star Brewery tops the list of San Antonio’s most subsidized urban development projects.
In mid-May, The Flats at River North, one of downtown’s largest mixed-use developments, began receiving its first residents.
Weston Urban expects to begin work on its $107 million high-end apartment building in the middle of this year.
The proposed ordinance is intended to increase the housing options for low-income renters in San Antonio.
Robert “Dick” Tips, owner of Mission Park Funeral Chapels and Cemeteries, is pursuing the development of a mid-rise apartment and condo building near the Broadway corridor.
The local developer’s proposed 32-story tower will be the tallest residential building downtown by a long shot, bringing a style of high-rise urban living that most major cities can offer, but San Antonio cannot.
If you think you don’t care about San Antonio’s Center City Housing Incentives Policy, also known as CCHIP, you’re probably fooling yourself.
Members of the HDRC earlier this week criticized the Broadway-facing facade of a 283-unit, monolithic apartment building co-developed by NRP Group and the San Antonio Housing Trust Public Facility Corp.
Bill Shown, managing director of Pearl developer Silver Ventures, said his group is “very interested” in building affordable housing as the development expands in the coming years.