The proposed ordinance is intended to increase the housing options for low-income renters in San Antonio.
Center City Housing Incentive Policy
Weston Urban expects to begin work on its $107 million high-end apartment building in the middle of this year.
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.