On Thursday, City Council approved a new agreement with Zachry Hospitality to redevelop the northwest corner of Hemisfair after the company failed to pay rent or meet its construction deadlines in a 2017 deal.
David Adelman
Houston developer Urban Genesis buys more land on North St. Mary’s in San Antonio
Houston multifamily developer Urban Genesis is tightening its hold on North St. Mary’s Street with the purchase of a 0.6-acre vacant lot, down the street from the San Antonio Museum of Art, where it plans to build apartments.
Mayor Nirenberg, City Council signal support for revised Zachry-Hemisfair lease
Mayor Ron Nirenberg and the City Council gave enthusiastic support on Wednesday to the city’s proposal to rewrite a five-year-old agreement with Zachry Hospitality regarding its plan to develop the northwest corner of Hemisfair, a long-delayed project.
Rising rents, high occupancies signal ‘Decade of Downtown’ in San Antonio has worked, developers say
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.
Staybridge Suites purchase expands local partnership’s St. Paul Square control
Over the last five years, the partnership of developer David Adelman, and real estate executives Michael Jersin and Don Thomas of CBRE, have come to dominate St. Paul Square.
GrayStreet Partners’ big dream for Houston Street that never materialized
In 2015, GrayStreet Partners announced it had purchased several iconic buildings on East Houston Street, and spoke of the corridor’s rebirth. Nearly seven years later, the local developer has been selling off its assets as it shifts focus, and capital, to other projects.
Fort Worth developer planning to build 342 apartments in east downtown San Antonio
Fort Worth developer Vaquero Ventures received conceptual approval from the Historic and Design Review Commission on Wednesday on its envisioned 342-unit, five-story apartment building at 1220 E. Commerce St. in east downtown.
Hemisfair’s Civic Park construction imminent as planners race to meet 2025 Final Four deadline
After a delay of more than two years, the construction of Hemisfair’s Civic Park is finally imminent, it appears. A groundbreaking ceremony is scheduled for sometime in January after the City Council approved last week a $27.9 million construction contract for Skanska USA Building.
Olivo: How McKee-Rodriguez’s support for a luxury housing project helps shape the Decade of Downtown
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.
Best Western renovation in St. Paul Square signals confidence San Antonio’s hospitality sector will recover
A local investment group is renovating the Best Western on East Commerce Street, adding a speakeasy to its basement, in a show of confidence in San Antonio’s hospitality sector and St. Paul Square.