The Pearl’s development company is moving forward with plans to build a 9-story mixed-use structure, which would include 250-275 market-rate apartments, on a full city block bound by East Josephine, Isleta, East Grayson and the river.
Earlier this month, the Bexar County Commissioners Court agreed to begin negotiations with Broadway SA Investors GP, LLC, a company affiliated with Pearl Build, on a 10-year tax abatement for a 263-unit apartment 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.
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.
In an effort to allay concerns of Lavaca residents, the San Antonio Housing Authority has greatly reduced the density of housing at its Victoria Commons master community from a plan it proposed last year.
City Council members were by and large supportive of the Hemisfair redevelopment project, which has struggled for years with construction delays, during a presentation Wednesday.
However, there is little hope of Zachry Corp. breaking ground soon on the mixed-use development that will enclose the park.