District 2 Councilman Jalen McKee-Rodriguez is opposing an up-to-$7 million incentive package for a development east of the Pearl by Encore Multifamily of Dallas because it’s composed of all market-rate apartments.
Construction works has begun on the first phase of Broadway East, a $90 million, 386-unit market-rate apartment complex by Dallas firm Encore Multifamily that’s one block east of Broadway near the Pearl.
The 386-unit, market-rate apartments by Dallas developer Encore Multifamily is the first phase of the Broadway East master-planning community across from the Pearl.
The Midtown TIRZ board tabled $4.8 million in incentives for Broadway’s next apartment building because it needed more details on an even larger project it’s being asked to help fund: the burying of overhead power lines on Broadway from Interstate 35 to East Mulberry Avenue.
In mid-May, The Flats at River North, one of downtown’s largest mixed-use developments, began receiving its first residents.
The Museum Reach Lofts, a true affordable housing building in the downtown area, welcomed its first residents this week near the Pearl.
A $55.9 million mixed-used development on Broadway and Jones Avenue is likely to hold a city-backed incentives package worth $2.1 million.
GrayStreet Partners is due to receive a $2.5 million incentive for the restoration of the circa-1931 San Antonio Light building.