On Thursday, City Council unanimously approved $24 million in incentives to help a partnership between GrayStreet Partners and Midway succeed where so many others have failed: to redevelop the blighted Lone Star Brewery complex.
The developers of the Lone Star Brewery are seeking $24 million in subsidies from the City of San Antonio to cover the cost of infrastructure and other public upgrades in and around the long-abandoned site.
GrayStreet’s Broadway East urban community derailed. W Hotel on hold. The Light building rehab lags behind schedule. That’s just GrayStreet’s projects on Broadway. The Covid pandemic has stymied many of the local developer’s downtown projects.
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GrayStreet Partners, one of the largest holders of downtown real estate, has begun putting a 15,000-square-foot food hall into the ground and mezzanine levels of the former children’s museum on East Houston Street.
GrayStreet Partners is due to receive a $2.5 million incentive for the restoration of the circa-1931 San Antonio Light building.