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.
A financial tool used to help fund affordable housing was recently repurposed for the San Antonio Zoo, the Witte Museum, Garden and Brackenridge Park, a move that has some nonprofit developers scratching their heads.
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.
A partnership between two investment firms from the Northeast has purchased the Augusta Flats and Jones & Rio apartment complexes—two of the largest residential developments to be built in north downtown in recent years.
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.
The Pearl is poised to undergo its greatest expansion in years after the city’s Historic and Design Review Commission approved three projects at its Wednesday meeting.
Silver Ventures, the developer behind the Pearl, is planning to restore the former Samuels Glass Co. building, 221 Newell Ave., into a market that will include four restaurants and a bar.
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.
Urban Genesis plans to begin construction in mid-2022 on the apartments, which will be three to four stories tall.