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David Adelman

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, Sidebar Deep Dive, 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.

GrayStreet Partners’ big dream for Houston Street that never materialized

January 20, 2022 By Richard Webner 55 Comments

The 300 block of East Houston Street includes the Vogue, Grant and Kress buildings.

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.

Filed Under: City of San Antonio, Historic Preservation, Houston Street, Office, Restaurants, Retail, Streets & Sidewalks, Tech District, Transactions Tagged With: Adam Neumann, Bohanan’s Prime Steaks and Seafood, Broadway East, CBRE, City of San Antonio, David Adelman, David and José Cáceres, Decade of Downtown, East Houston Street, Federal Realty Investment Trust, Frost Bank, Frost Bros., Frost Tower, Fulcrum Development, Geekdom, Graham Weston, GrayStreet Partners, Houston Street, Houston Street TIRZ, Ivy Taylor, Julián Castro, Kevin Covey, Kress building, La Panadería, Lone Star Brewery, Maryland, Mercado Roma, Mixtli, Neisner's, Nick Longo, Peter French, Pharm Table, Presa Street Bridge, River Walk, Rockville, Scott Herbold, Texas de Brazil, Travis Park Plaza, Vogue building, W Hotel, Walgreens building, West Houston Street, Weston Urban, WeWork, Wolff & Marx

Fort Worth developer planning to build 342 apartments in east downtown San Antonio

January 19, 2022 By Ben Olivo 71 Comments

Vaquero Ventures of Fort Worth is planning to build a 340-unit apartment building at 1220 E. Commerce St. in east downtown.

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.

Filed Under: Alamodome Garden, Architecture, Building Explorer, Commerce Street, Denver Heights, Development, Dignowity Hill, East Downtown, East Side, Historic and Design Review Commission, Housing, Neighborhoods, St. Paul Square Tagged With: Aiden by Best Western, Alamodome Gardens, Ashley Farrimond, Brandon Behrens, Cherry X Commerce, David Adelman, Denver Heights, Dignowity Hill, Griffin & Farrimond, HDRC, Historic and Design Review Commission, Killen, Merriman Anderson Architects, Quadrant Investment Properties, REATA Real Estate, RK Group, St. Paul Square, Sunset Station, Sunset Station Train Depot, Texas Research and Technology Foundation, The Baldwin, The Espee, Valerie Cortez, Vaquero Ventures, VelocityTX, Vidorra

Hemisfair’s Civic Park construction imminent as planners race to meet 2025 Final Four deadline

December 23, 2021 By Ben Olivo 62 Comments

The Hemisfair Civic Park design plans approved by the Historic and Design Review Commission on Oct. 29, 2021.

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.

Filed Under: 2017-2022 bond, 2022-2027 bond, City of San Antonio, Development, Hemisfair, Parks & Plazas Tagged With: "Confluence of Civilizations", Acequia Madre de Valero, Andres Andujar, City Council, Civic Park, David Adelman, GGN, HDRC, Hemisfair, HemisFair '68, Hemisfair Park Area Redevelopment Corp., Henry B. Gonzalez Convention Center, Hilton Palacio Del Rio, Historic and Design Review Commission, HPARC, Juan O'Gorman, Millennium Park, NCAA Men's Final Four, NRP Group, Omar Gonzalez, Overland Partners, Skanska USA Building, The '68, Zachry Corp.

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

December 2, 2021 By Ben Olivo 77 Comments

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.

Filed Under: Broadway East, Center City Housing Incentive Policy, City of San Antonio, Development, East Side, Government Hill, Housing, Lone Star, Midtown & Pearl, Neighborhoods, Pearl Tagged With: 1800 Broadway, Alazán-Apache Courts, Ana Sandoval, AREA Real Estate, Bexar County, Broadway, Broadway corridor, CCHIP, Center City Housing Incentive Program, City Council, City of San Antonio, Criterion, David Adelman, Decade of Downtown, East Side, Encore Multifamily, Encore SoFlo, Esperanza Peace & Justice Center, Fulcrum Development, Government Hill, Government Hill Alliance, GrayStreet Partners, HDRC, Historic and Design Review Commission, Hixon Properties, Ian Benavidez, Inner City Development Incentive Program, Inner City TIRZ, Inspire Downtown, Jake Jopling, Jalen McKee-Rodriguez, Jefferson Bank, Julián Castro, Lone Star Brewery, Lynd Company, Mario Bravo, Michael Amezquita, Midtown Tax Increment Reinvestment Zone, Midtown TIRZ, Museum Reach, OHT Partners, Pearl, Sabot Development, SAISD, San Antonio Housing Authority, San Antonio Independent School District, San Antonio River, Shirley Gonzales, Southtown, Teri Castillo, Texas Organizing Project, Universal Services Group, Vistana

Best Western renovation in St. Paul Square signals confidence San Antonio’s hospitality sector will recover

November 30, 2021 By Richard Webner 1 Comment

The Best Western at St. Paul Square is being renovated.

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.

Filed Under: Commerce Street, East Downtown, Hotels, St. Paul Square, Tourism Tagged With: 1902 Nightclub, Aiden by Best Western, Chris Hagee, Daniella Ritter, David Adelman, George Icke & Bros. building, Hagee Hospitality Group, Henry B. Gonzalez Convention Center, HSI Design Group, Marc Weinstein, NRP Group, REATA Real Estate, San Antonio Express-News, St. Paul Square, Stanley Shropshire, Sunset Station, The Baldwin, The Espee, Tibor Ritter, Virtus Real Estate Capital, Weinritter Realty

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Deep Dives

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

San Antonio Downtown drone shot.

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

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