New Hemisfair renderings show a 29-story, 360-unit apartment tower with a 7-level parking garage and 25,000 square feet of retail space on East Market Street. The plans are up for review this week.
Decade of Downtown
Two envisioned projects for west downtown—The Link from County Commissioner Tommy Calvert and a sports stadium by Weston Urban —could be competing head-to-head.
District 2 Councilman Jalen McKee-Rodriguez wants a displacement study completed when developers seek incentives from the city.
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.
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.
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.
An up-to-$7 million incentive package for a high-end apartment complex in Government Hill won unanimous approval from City Council on Thursday after a change of heart from District 2 Councilman Jalen McKee-Rodriguez.
In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
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.