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San Antonio Heron

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The Baldwin

Rising rents, high occupancies signal ‘Decade of Downtown’ in San Antonio has worked, developers say

February 4, 2022 By Richard Webner 89 Comments

San Antonio Downtown drone shot.

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.

Filed Under: Center City Housing Incentive Policy, City of San Antonio, Deep Dive, Development, Housing, Midtown & Pearl, Southtown Tagged With: 120 Ninth Street, Alamo Manhattan, Augusta Flats, Austin Investor Interests, Blackstone, Brad Miller, Brady Tower, Broadway, Broadway East, Cadillac Lofts, Canopy By Hilton, CCHIP, Cellars at Pearl, Center City Housing Incentive Policy, City Council, Constellation Group, Covid-19, Crockett Urban Ventures, David Adelman, Decade of Downtown, Ed Cross, Encore Multifamily, Encore SoFlo, Flats at River North, Franklin Templeton Investments, Government Hill, GrayStreet Partners, Hemisfair, HemisFair Park PFC, HemisView Village, Heritage Plaza, Inspire Downtown, Institutional Property Advisors, Jeremy Jessop, JJ Real Co., Jones & Rio, Jones and Rio, Julián Castro, Midway, Mission Escondida, Mission Reach, Mission Trails, Museum Reach, Patrick Shearer, Pearl, River Walk, Rivera on Broadway, Ron Nirenberg, San Antonio Housing Trust PFC, San Antonio River, San Pedro Creek Culture Park, SC Bodner Company, Southline, Southtown, Southtown Flats, Stillwater Capital, Strategic Housing Implementation Plan, Strategic Property Investment, The '68, The Agave, The Baldwin, The Floodgate, Towers at the Majestic, University of Texas at San Antonio, Vistana, West Oaks, Weston Urban, White Conlee

Staybridge Suites purchase expands local partnership’s St. Paul Square control

January 27, 2022 By Richard Webner 79 Comments

The Staybridge Suites, 123 Hoefgen Ave., was recently purchased by a local partnership that includes developer David Adelman.

Over the last five years, the partnership of developer David Adelman, and real estate executives Michael Jersin and Don Thomas of CBRE, have come to dominate St. Paul Square.

Filed Under: Commerce Street, East Downtown, Hotels, Nightlife, St. Paul Square, Transactions Tagged With: 1902 Nightclub, Aiden by Best Western, Bartell Zachry, CBRE, Cellar Mixology, Charles Leddy, Cuishe Cocina Mexicana, David Adelman, David Zachry, Don Thomas, East Commerce, East Commerce Realty LLC, Gonzales Street, Hoefgen Avenue, Michael Jersin, Presidian Hotels and Resorts, SSG Hotel LLC, St. Paul Square, Staybridge Suites, Sunset Station, The Baldwin, The Espee, The Spire, Toro Kitchen + Bar, Vaquero Ventures, VIA Metropolitan Transit, Vidorra, Weinritter Realty, Zachry Construction Co.

Fort Worth developer planning to build 342 apartments in east downtown San Antonio

January 19, 2022 By Ben Olivo 71 Comments

Vaquero Ventures of Fort Worth is planning to build a 340-unit apartment building at 1220 E. Commerce St. in east downtown.

Fort Worth developer Vaquero Ventures received conceptual approval from the Historic and Design Review Commission on Wednesday on its envisioned 342-unit, five-story apartment building at 1220 E. Commerce St. in east downtown.

Filed Under: Architecture, Building Explorer, Commerce Street, Denver Heights, Development, Dignowity Hill, East Downtown, East Side, Historic and Design Review Commission, Housing, Neighborhoods, St. Paul Square Tagged With: Aiden by Best Western, Alamodome Gardens, Ashley Farrimond, Brandon Behrens, Cherry X Commerce, David Adelman, Denver Heights, Dignowity Hill, Griffin & Farrimond, HDRC, Historic and Design Review Commission, Killen, Merriman Anderson Architects, Quadrant Investment Properties, REATA Real Estate, RK Group, St. Paul Square, Sunset Station, Sunset Station Train Depot, Texas Research and Technology Foundation, The Baldwin, The Espee, Valerie Cortez, Vaquero Ventures, VelocityTX, Vidorra

Best Western renovation in St. Paul Square signals confidence San Antonio’s hospitality sector will recover

November 30, 2021 By Richard Webner 1 Comment

The Best Western at St. Paul Square is being renovated.

A local investment group is renovating the Best Western on East Commerce Street, adding a speakeasy to its basement, in a show of confidence in San Antonio’s hospitality sector and St. Paul Square.

Filed Under: Commerce Street, East Downtown, Hotels, St. Paul Square, Tourism Tagged With: 1902 Nightclub, Aiden by Best Western, Chris Hagee, Daniella Ritter, David Adelman, George Icke & Bros. building, Hagee Hospitality Group, Henry B. Gonzalez Convention Center, HSI Design Group, Marc Weinstein, NRP Group, REATA Real Estate, San Antonio Express-News, St. Paul Square, Stanley Shropshire, Sunset Station, The Baldwin, The Espee, Tibor Ritter, Virtus Real Estate Capital, Weinritter Realty

Lucy’s Bodega offers vegan options at St. Paul Square in east downtown

August 28, 2021 By Rocky Garza Jr. 3 Comments

Lucy's Bodega is now open at St. Paul Square, 123 Heiman St.

The all-vegan Lucy’s Bodega has opened at St. Paul Square, 123 Heiman St. The couple also plans to open a Lucy’s Bodega on East Houston near Alamo Plaza.

Filed Under: East Downtown, Food & Drink, Retail, St. Paul Square Tagged With: Aiden Hotel, Alamo Plaza, Atlee B. Ayres Building, Best Western Plus Suites, Cellar Mixology, Cuishe Cocina Mexicana, David Adelman, Dom Thomas, East Commerce Realty Group, Lilly's Greenville, Lucas Bradbury, Lucy's Bodega, Michael Jersin, Morgan Bradbury, NRP Group, REATA Real Estate, Smoke BBQ+Skybar, St. Paul Square, Sunset Station, The Baldwin, The Espee, Toro Kitchen + Bar, Zachry Corp.

Housing in San Antonio at crossroads with expired downtown incentive policy, new council members elected

July 8, 2021 By Richard Webner 4 Comments

Skyline downtown San Antonio. May 20, 2021.

In the area of housing, it seems likely that the early 2020s will mark another turning point for San Antonio.

Filed Under: Bexar County, Center City Housing Incentive Policy, City of San Antonio, Development, Housing, Mayor's Housing Policy Task Force, Neighborhoods, San Antonio Housing Authority, San Antonio Housing Trust Tagged With: Adriana Rocha Garcia, Bexar County, Bexar County PFC, Biden administration, Broadway corridor, CCDO, CCHIP, Center City Development & Operations Department, Center City Housing Incentive Policy, Cevallos Lofts, City of San Antonio, Continental Hotel, Cynthia Spielman, David Nisivoccia, Decade of Downtown, Ed Hinojosa Jr., Friedrich Air Conditioning Co., Friedrich Lofts, GrayStreet Partners, Housing Policy Framework, Housing Trust PFC, Jalen McKee-Rodriguez, John Courage, Julián Castro, Lone Star Brewery, Lone Star District, Mario Bravo, Mayor's Housing Policy Task Force, Midway, NALCAB, National Association for Latino Community Asset Builders, Neighborhood and Housing Services Department, NHSD, NIMBYism, Pearl, Pete Alanis, Proposition A, Ron Nirenberg, Sabot Development, SAHA, San Antonio Housing Authority, San Antonio Housing Trust Public Facility Corp., SHIP, Shirley Gonzales, Strategic Housing Implementation Plan, Teri Castillo, The Baldwin, The Flats at River North, Tier One Neighborhood Coalition, Under One Roof, Vero Soto, Veronica Garcia, Weston Urban

San Antonio Housing Trust, NRP Group look to sell Cevallos Lofts

May 13, 2021 By Ben Olivo 69 Comments

The San Antonio Housing Trust and developer NRP Group are fielding offers to purchase the Cevallos Lofts, the 252-unit apartment building credited with spearheading growth in that area of Southtown since it was built in 2010.

Filed Under: Development, Housing, San Antonio Housing Trust, Southtown, Transactions Tagged With: Adam Siegal, Cevallos Lofts, City Council, City of San Antonio, Debra Guerrero, Housing First Community Coalition, NRP Group, Pete Alanis, Rebecca Flores, Roseville Apartments, Salado at Red Berry, San Antonio Housing Trust, San Antonio Housing Trust PFC, Southtown, The Baldwin, The Viridian, Upton at Longhorn Quarry

Two bills to reform PFCs, which provide tax breaks to developers, make progress in Legislature

May 5, 2021 By Richard Webner 1 Comment

Efforts by state lawmakers to rein in the use of public facility corporations, which provide lucrative tax breaks to developers building mixed-income apartment complexes, have remained under the radar at the Texas Legislature, with battles over voting and gun rights dominating the headlines.

Filed Under: City of San Antonio, Development, Housing, San Antonio Housing Authority, San Antonio Housing Trust, Texas Legislature Tagged With: Acero, AMI, area median income, AREA Real Estate, Armando Walle, Christina Rosales, City of San Antonio, Debra Guerrero, Gary Gates, Heather K. Way, Jim Plummer, Jon Rosenthal, NRP Group, Paul Bettencourt, PFCs, public facility corporations, Red Berry Estate, SAHA, San Antonio Housing Trust, San Antonio Housing Trust PFC, San Pedro Creek, Texas Housers, Texas Legislature, The Baldwin, The Flats at River North, University of Texas at Austin School of Law

Tax breaks for developers under scrutiny in San Antonio, Texas capitol

April 1, 2021 By Heron Staff 13 Comments

A growing number of advocates are demanding that the City of San Antonio stop using property tax exemptions to build housing, while Texas lawmakers have a similar debate in Austin.

Filed Under: City of San Antonio, Development, Housing, Property Values, San Antonio Housing Authority, San Antonio Housing Trust, Texas Legislature Tagged With: 210 Josephine Apartments, Adrianna Rocha Garcia, Alamo Colleges District, American South Real Estate Fund, Aspire at Tampico, Cevallos Lofts, Christina Rosales, City of San Antonio, Debra Guerrero, Dr. Adrianna Rocha Garcia, Ed Hinojosa Jr., Gary Gates, Heather K. Way, Hemisfair, HUD, Jessica O. Guerrero, Jim Plummer, John Courage, Jon Rosenthal, Lynd Company, Mission DG, Neighborhood and Housing Services Department, NHSD, NRP Group, Paul Bettencourt, Paul Demanche, Pete Alanis, PFCs, Provident Realty Advisors, public facility corporations, Rebecca Viagran, Roberto Treviño, Ron Nirenberg, SAHA, Salado at Red Berry, San Antonio Housing Authority, San Antonio Housing Trust, San Antonio Housing Trust PFC, Shirley Gonzales, Sofia Lopez, Texas Housers, Texas Legislature, The Baldwin, The Flats at River North, U.S. Department of Housing and Urban Development, University of Texas at Austin

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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.

Analysis: It’s time to call BS on ‘workforce housing’

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