High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Office  | 

Adaptive Reuse of Travis Building Lands $18M First Mortgage

Boston-based UC Funds recently provided funding for an $18.25-million first mortgage adaptive reuse conversion of the century-old Travis Building on San Antonio’s Riverwalk.

The buyers were reportedly California-based private equity firm Harris Bay, which is active in San Antonio, and locally based DJE Texas Management. Deal terms weren’t disclosed.

The property’s new owners plan to convert the Class B office property to 63 luxury apartments and 20,000 square feet of commercial space. Built in the early 1920s and spanning 76,488 square feet, the 10-story Travis Building was renovated in 1982.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With UC FundsConnect With Harris BayConnect With DJE Texas

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action