In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
Center City Housing Incentive Policy
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.
A large mixed-use development in the Lone Star neighborhood received a key incentive on Monday from Bexar County commissioners—a 10-year, 40-percent tax abatement on county property taxes worth an estimated $648,075.
Look at a project like 120 Ninth Street, which has received $3.9 million in incentives, and where rents start at $1,300, and you start to wonder.