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David Adelman

Property resulting from Hays Street Bridge dispute in San Antonio has new owner

August 17, 2022 By Richard Webner Leave a Comment

This 2-acre property at 223 S. Cherry St. just north of the Alamodome was transferred to developer Mitch Meyer in 2019 by the City Council as the final city action in the Hays Street Bridge saga.

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.

Filed Under: Center City Housing Incentive Policy, City of San Antonio, East Downtown, East Side, Hays Street Bridge, Transactions Tagged With: 1902 Nightclub, 223 S. Cherry St., Alamo Beer Co., Alamodome, Berkley V. and Vincent M. Dawson Park, CCHIP, Center City Housing Incentive Policy, Cherry X Commerce, City Council, City of San Antonio, Cory Stehr, David Adelman, Don Thomas, Erika Ragsdale, Eugene Simor, Hays Street Bridge, Hays Street Bridge Restoration Group, HDRC, Historic and Design Review Commission, Jalen McKee-Rodriguez, Leeds building, Michael Jersin, Mitch Meyer, Neighborhood and Housing Services Department, NHSD, Sunset Station, Texas Supreme Court, The Espee

Austin firm Sabot Development invests in historic San Antonio West Side building

July 19, 2022 By Richard Webner Leave a Comment

The former National Grocery Company building at 421 N. Medina St. in west downtown was recently purchased by Sabot Development of Austin.

Sabot Development of Austin is setting its sights on the Cattleman Square area on San Antonio’s near West Side—one of the most blighted areas of the urban core.

Filed Under: Historic Preservation, Transactions, VIA Metropolitan Transit, West Downtown, West Side Tagged With: Bexar County Adult Detention Center, Cattleman Square, David Adelman, DreamOn Group, Ed Cross, Grand building, Hemisfair, Jim Young, Lorraine Pulido, Mira, National Grocer Company building, North Frio, Rene Garcia, Rich Book building, Sabot Development, The '68, UTSA, VIA Centro Plaza, VIA Metropolitan Transit, Weston Urban, Whitt Printing Building

Austin entrepreneurs plan to open cluster of bars on North Alamo in downtown San Antonio

June 17, 2022 By Richard Webner Leave a Comment

An Austin partnership plans to convert this cluster of buildings at 901 N. Alamo St. into four bars.

Two entrepreneurs from Austin plan to add to the growing bar district on North Alamo Street by renovating a cluster of buildings into four bars, including a performance venue.

Filed Under: Business, Nightlife, North Alamo, Transactions Tagged With: Ace Spring Service, Bentley’s Beer Garden, Cavender family, David Adelman, Ed Cross, Grunt Style, Hen House, Hixon Properties, Hudson Crocket Holdings, La Roca Cantina, North Alamo Street, Roadmap Brewing Co., Rouhi Alameddine, Social Spot, The Lucky Duck, The Soto, Tony's Siesta, Wade Nguyen

Iconic Voodoo Doughnut chain plans first San Antonio store on Houston Street

June 6, 2022 By Richard Webner 1 Comment

The Maverick apartment building is located at 606 N. Presa St., San Antonio, Texas.

Voodoo Doughnut, the iconic Portland, Oregon-based retail chain known for selling donuts with eclectic toppings in pink boxes, has signed a lease to open its first San Antonio store in the location of the Playland pizzeria on Houston Street.

Filed Under: Business, Food & Drink, Houston Street, Retail Tagged With: Chris Schultz, David Adelman, Houston Street, La Panadería, Maverick building, Playland, Stefan Bowers, Voodoo Doughnut, VooDoo Doughnuts

Fort Worth developer closer to building 340 apartments near San Antonio’s St. Paul Square

May 30, 2022 By Heron Staff Leave a Comment

Vaquero Ventures of Fort Worth is planning to build a 340-unit apartment building at 1220 E. Commerce St. in east downtown. Renderings sent to the HDRC on May 16, 2022.

Vaquero Ventures of Fort Worth is close to purchasing a 4.7-acre property at 1220 E. Commerce St. in San Antonio, Texas, for a 340-unit, five-story apartment building.

Filed Under: Architecture, Commerce Street, Development, Development Explorer, East Downtown, East Side, Historic and Design Review Commission, Housing, St. Paul Square Tagged With: Aiden by Best Western, Brandon Behrens, Cherry X Commerce, David Adelman, G.J. Sutton, HDRC, Historic and Design Review Commission, Merchants Ice complex, Quadrant Investment Properties, REATA Real Estate, RK Group, St. Paul Square, Staybridge Suites, Sunset Station, Texas Research and Technology Foundation, The Espee, Vaquero Ventures, Weinritter Realty

San Antonio City Council approves new agreement with Zachry for long-delayed Hemisfair project

April 7, 2022 By Richard Webner 52 Comments

Construction continues at Hemisfair's future Civic Park on the southeast corner of South Alamo and East Market streets on Thursday, April 7, 2022.

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.

Filed Under: City of San Antonio, Development, Hemisfair, Parks & Plazas Tagged With: ’68 World’s Fair, Andy Segovia, City Council, David Adelman, David Zachry, Hemisfair, Hemisfair Park Area Redevelopment Corp., Hemisfair TIRZ, HPARC, John Courage, Johnson Trube & Associates, Lori Houston, NCAA Final Four, Richard Oliver, Ron Nirenberg, Schultze House, Tara Snowden, The Conservation Society of San Antonio, Vincent Michael, Visit San Antonio, Yanaguana Garden, Zachry, Zachry Hospitality

Houston developer Urban Genesis buys more land on North St. Mary’s in San Antonio

March 25, 2022 By Richard Webner 58 Comments

Houston developer Urban Genesis has purchased this property on the northeast corner of North St. Mary's and Camden streets with plans to build apartments. March 25, 2022.

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.

Filed Under: Development, Housing, Midtown & Pearl, North St. Mary's, St. Mary's Street, Tobin Hill, Transactions Tagged With: Armadillo Boulders, David Adelman, El Nogal Mexican Restaurant, Elsewhere Garden Bar & Kitchen, Man Overboard Brewing Company, Matt Shafiezadeh, Midtown Station, Ming’s, Museum Reach, North St. Mary’s, Pearl, San Antonio Museum of Art, San Antonio River, Shiro Japanese Bistro, St. Mary's Strip, The Lonesome Rose, Tobin Hill, Tre Trattoria, Urban Genesis

Mayor Nirenberg, City Council signal support for revised Zachry-Hemisfair lease

March 16, 2022 By Richard Webner 58 Comments

Construction continues at Hemisfair's future Civic Park on the southeast corner of South Alamo and East Market streets on Monday, March 14, 2022.

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.

Filed Under: City of San Antonio, Development, Hemisfair, Parks & Plazas Tagged With: Andres Andujar, City Council, City of San Antonio, Civic Park, David Adelman, David Zachry, HDRC, Hemisfair, HemisFair '68, Hemisfair Park Area Redevelopment Corp., HemisFair Park PFC, Hemisfair Park Public Facilities Corp., Hemisfair Tax Increment Reinvestment Zone, Hemisfair TIRZ, Historic and Design Review Commission, HPARC, John Courage, Johnson Trube & Associates, Lori Houston, Mario Bravo, NCAA Final Four, NRP Group, Ron Nirenberg, Schultze House, Yanaguana Garden, Zachry, Zachry Corp., Zachry Hospitality

Rising rents, high occupancies signal ‘Decade of Downtown’ in San Antonio has worked, developers say

February 4, 2022 By Richard Webner 89 Comments

San Antonio Downtown drone shot.

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.

Filed Under: Center City Housing Incentive Policy, City of San Antonio, Deep Dive, Development, Housing, Midtown & Pearl, Southtown Tagged With: 120 Ninth Street, Alamo Manhattan, Augusta Flats, Austin Investor Interests, Blackstone, Brad Miller, Brady Tower, Broadway, Broadway East, Cadillac Lofts, Canopy By Hilton, CCHIP, Cellars at Pearl, Center City Housing Incentive Policy, City Council, Constellation Group, Covid-19, Crockett Urban Ventures, David Adelman, Decade of Downtown, Ed Cross, Encore Multifamily, Encore SoFlo, Flats at River North, Franklin Templeton Investments, Government Hill, GrayStreet Partners, Hemisfair, HemisFair Park PFC, HemisView Village, Heritage Plaza, Inspire Downtown, Institutional Property Advisors, Jeremy Jessop, JJ Real Co., Jones & Rio, Jones and Rio, Julián Castro, Midway, Mission Escondida, Mission Reach, Mission Trails, Museum Reach, Patrick Shearer, Pearl, River Walk, Rivera on Broadway, Ron Nirenberg, San Antonio Housing Trust PFC, San Antonio River, San Pedro Creek Culture Park, SC Bodner Company, Southline, Southtown, Southtown Flats, Stillwater Capital, Strategic Housing Implementation Plan, Strategic Property Investment, The '68, The Agave, The Baldwin, The Floodgate, Towers at the Majestic, University of Texas at San Antonio, Vistana, West Oaks, Weston Urban, White Conlee

Staybridge Suites purchase expands local partnership’s St. Paul Square control

January 27, 2022 By Richard Webner 79 Comments

The Staybridge Suites, 123 Hoefgen Ave., was recently purchased by a local partnership that includes developer David Adelman.

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.

Filed Under: Commerce Street, East Downtown, Hotels, Nightlife, St. Paul Square, Transactions Tagged With: 1902 Nightclub, Aiden by Best Western, Bartell Zachry, CBRE, Cellar Mixology, Charles Leddy, Cuishe Cocina Mexicana, David Adelman, David Zachry, Don Thomas, East Commerce, East Commerce Realty LLC, Gonzales Street, Hoefgen Avenue, Michael Jersin, Presidian Hotels and Resorts, SSG Hotel LLC, St. Paul Square, Staybridge Suites, Sunset Station, The Baldwin, The Espee, The Spire, Toro Kitchen + Bar, Vaquero Ventures, VIA Metropolitan Transit, Vidorra, Weinritter Realty, Zachry Construction Co.

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Deep Dives

How municipal bonds work, and a brief history of them in San Antonio

Olivo: How McKee-Rodriguez’s support for a luxury housing project helps shape the Decade of Downtown

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