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.
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.
Years behind schedule, the construction of Hemisfair’s Civic Park has been delayed in part by Zachry Hospitality’s inability to start construction of its multi-use development.
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.
However, there is little hope of Zachry Corp. breaking ground soon on the mixed-use development that will enclose the park.