With construction costs and interest rates soaring, San Antonio developers are struggling to make the numbers work for their affordable housing projects.
Earlier this month, the Bexar County Commissioners Court agreed to begin negotiations with Broadway SA Investors GP, LLC, a company affiliated with Pearl Build, on a 10-year tax abatement for a 263-unit apartment project.
A shell company led by local developer Cory Stehr has purchased a property next to the Alamodome that resulted from the Hays Street Bridge dispute.
How San Antonio’s discussion on housing costs has evolved from the Decade of Downtown to the pandemic-era shortage.
Weston Urban plans to complete construction of 300 Main, its 32-story apartment tower on the northeast corner of North Main Avenue and East Travis Street, by spring 2024.
The downtown San Antonio apartment market, which city leaders went to such great effort to grow, has matured to a point where it is drawing major attention from out-of-town investors.
The 338-unit Encore SoFlo, one of the recent apartment buildings to breathe life into the area north of the H-E-B SoFlo Market, has been purchased by Texas firm Strategic Property Investment.
Let’s make one thing clear, the Decade of Downtown in San Antonio is alive and well. It hasn’t expired. And it will continue as long as there are city policies designed to incentivize the production of market-rate housing in the downtown area.
A commercial real estate firm from Miami has purchased the 120 Ninth Street apartment building on the River Walk across from Paramour nightclub.
The 386-unit, market-rate apartments by Dallas developer Encore Multifamily is the first phase of the Broadway East master-planning community across from the Pearl.