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.
The project by Sabot Development will consist of 299 market-rate units, 12,000 square feet of retail and 429 parking spaces.
Members of the Black family, which operate Terry Black’s BBQ in Austin and Dallas, have purchased nearly a full city block on Broadway two blocks north of 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 the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.
The $24 million incentive package that GrayStreet Partners and Midway received last month to redevelop the former Lone Star Brewery tops the list of San Antonio’s most subsidized urban development projects.
In mid-May, The Flats at River North, one of downtown’s largest mixed-use developments, began receiving its first residents.
Ram Ayala, the late owner of Taco Land, received a fitting tribute last Saturday with the installation of a memorial mosaic at the site of the storied underground rock club.