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Silver Ventures

Across the river from Pearl, 263-unit Elmira apartments expected to be completed in 2024

August 28, 2022 By Heron Staff 71 Comments

The site of the Pearl's next apartment project, 1126 E. Elmira St., appears to be under construction on Aug. 23, 2022.

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.

Filed Under: Architecture, Development, Housing, Midtown & Pearl, Museum Reach, Pearl, River North, Tobin Hill Tagged With: ARPA, Bexar County Commissioners Court, Bill Shown, Broadway SA Investors GP, Build Pearl, CCHIP, Christopher "Kit" Goldsbury, Elmira Apartments, Omar Gonzalez, Pearl, Silver Ventures, Tobin Hill, Tommy Calvert

Pearl set to expand across river, into Samuels Glass building after commission approvals

November 4, 2021 By Richard Webner 2 Comments

The Samuel Glass Co. building at 221 Newell Ave. is slated to be renovated into the Market at Pearl.

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.

Filed Under: Architecture, Development, Historic and Design Review Commission, Historic Preservation, Midtown & Pearl, Museum Reach, Pearl, River North, River Walk, Tobin Hill Tagged With: Cellars at Pearl, Clayton Korte, Elmira Apartments, HDRC, Historic and Design Review Commission, Market at Pearl, Newell Avenue, Pearl, Pearl Stable, Samuels Glass Co. building, San Antonio River, Silver Ventures, Southline Residences, Stephen Williams

Market at Pearl planned for former Samuels Glass Co. building

November 1, 2021 By Ben Olivo 10 Comments

Silver Ventures is planning to restore the former Samuel's Glass Building into a market. Renderings for Nov. 3 HDRC 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.

Filed Under: Architecture, City of San Antonio, Food & Drink, Historic and Design Review Commission, Historic Preservation, Pearl Tagged With: Bartlett Cocke, Bill Shown, Clayton Korte, Fox Motel, HDRC, Historic and Design Review Commission, Lawrence Samuels, LP, Pearl, Rio Perla Properties, Samuels Glass Co., Silver Ventures, Southline apartments

Austin developer gets final approval for 10-story apartment building near Pearl

August 15, 2021 By Ben Olivo 62 Comments

A 10-story mixed-use project by Sabot Development of Austin is planned for 322 E. Euclid Ave. near the Pearl.

The project by Sabot Development will consist of 299 market-rate units, 12,000 square feet of retail and 429 parking spaces.

Filed Under: Development, Housing, Midtown & Pearl, Museum Reach, San Antonio River Tagged With: AREA Real Estate, Borden Creamery, Embry Partners, HDRC, Historic and Design Review Commission, Jim Young, Julián Castro, Lynd Co., Mira, Museum Reacm, Pearl, Sabot Development, SAHA, San Antonio Housing Authority, San Antonio River, Silver Ventures

Analysis: Lone Star District tops list of city’s largest incentive packages

June 26, 2021 By Richard Webner 6 Comments

The former Lone Star Brewery is eyed for redevelopment by Midway and GrayStreet Partners. May 23, 2021.

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.

Filed Under: Center City Housing Incentive Policy, City of San Antonio, Development, Housing, Lone Star Tagged With: Agave Apartments, Canopy By Hilton, Carlyle Group, CCHIP, Center City Housing Incentive Policy, City Council, Credit Human, Cypress Real Estate Advisors, DC Partners, Encore Multifamily, Encore SoFlo, GrayStreet Partners, GreyStar, Hotel Emma, Inner City Tax Increment Reinvestment Zone, Inner City TIRZ, Julián Castro, Lone Star Brewery, Lone Star District, Merchants Ice complex, Michelle Vigil, Midway, NRP Group, Pearl, Rivera on Broadway, RK Group, Ron Nirenberg, Silver Ventures, Texas Research and Technology Foundation, The Arts Residences, The Red Berry Estate, Universal Services Group LLC, VelocityTX, Weston Urban

Pandemic derails GrayStreet Partner’s plans for Broadway East, delays W Hotel

February 7, 2021 By Richard Webner 9 Comments

This commercial building on Broadway across from the Pearl was to be part of GrayStreet Partners' Broadway East development.

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.

Filed Under: Broadway, Development, East Side, Government Hill, Historic Preservation, Housing, Office Tagged With: Amy Dunaway, Andrew Sarofim, Antonia Infante, Broadway East, CCJ Capital High Quality CRE Asset Fund I, Cindy Tower, Credit Human, Encore, Encore Multifamily, Entrada Partners, Ford, Freestone Commercial Real Estate, Government Hill, GrayStreet Partners, Kevin Covey, Kress building, Larry Sloan, Lone Star Brewery, McDonald Development Group, Midway, Ovation Partners, Pearl, Peter French, Powell & Carson, Ryan Harrison, SAISD, San Antonio Express-News, San Antonio Independent School District, Silver Ventures, Todd Mernin, Transwestern, Travis Park Plaza, Vantage Bank Texas, Vogue building, W Hotel, Walgreens building, WeWork, Yesenia Marili

Hixon-Cavender partnership plans next phase of Broadway mini-neighborhood

January 13, 2021 By Richard Webner 64 Comments

Next up for the Hixon-Cavender partnership is a food-and-beverage market behind the recently-completed Soto office building on Broadway.

Filed Under: Broadway, Development, Office, River North Tagged With: 2017-2022 bond program, Avenue B, Broadway, Cavender family, CPS Energy, Credit Human, Ford, GrayStreet Partners, Hixon Properties, John Beauchamp, Light Building, NRP Group, Oxbow, Pabst Brewing Co., Powell & Carson, Robert "Dick" Tips, San Antonio Express-News, Silver Ventures, The Flats at River North, the San Antonio Housing Trust PFC

Pearl developer Silver Ventures plans to build 265 apartments across the river

November 30, 2020 By Ben Olivo 5 Comments

The Elmira Apartments, 1126 E. Elmira St., is a 265-unit, 7-story apartment complex with structured parking, and ground floor live-work units and retail, proposed by Silver Ventures. Courtesy Don B. McDonald Architect

The project would be the fourth major multifamily development by Silver Ventures, and would push the Pearl’s apartment total past 900 units.

Filed Under: Architecture, Development, Housing, Midtown & Pearl, Museum Reach, Pearl, River North, River Walk, Tobin Hill Tagged With: Bill Shown, Can Plant, Cellars at Pearl, Credit Human, Don B. McDonald, Elmira Apartments, HDRC, Historic and Design Review Commission, Jefferson Bank, Museum Reach, Oxbox, Pearl, San Antonio River, Silver Ventures, Southline Residences

New England firm buys $52.4M Hotel Contessa on River Walk

November 23, 2020 By Richard Webner 2 Comments

A New England investment firm has purchased the Hotel Contessa luxury River Walk hotel from former owners Silver Ventures and Hixon Properties.

Filed Under: Hotels, River Walk, Transactions Tagged With: Hixon Properties, Hotel Contessa, Pearl, River Walk, Silver Ventures, Tim Hodes, Wheelock Street Capital

Construction on GrayStreet’s Broadway tower estimated to begin Feb. 1

October 15, 2018 By Ben Olivo 2 Comments

The 20-story hotel and office tower GrayStreet Partners is planning at 1603 Broadway will cost an estimated $97 million to build, and construction could start Feb. 1.

Filed Under: Broadway, Development, Hotels, Pearl, Retail Tagged With: Credit Human, Gensler, GrayStreet Partners, Historic and Design Review Commission, Silver Ventures, Tomoko Iimura Alavi

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Deep Dives

How municipal bonds work, and a brief history of them in San Antonio

Olivo: How McKee-Rodriguez’s support for a luxury housing project helps shape the Decade of Downtown

The Lofts at River North are under construction at Broadway and Jones Avenue in July.

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