Silver Ventures Pays $15M for SAISD Land

Silver Ventures, the developer of San Antonio’s Pearl district, acquired close to five acres from the San Antonio Independent School District. The SAISD land, at Cesar Chavez Boulevard and South Alamo Street, will be sold for $14.5 million.

The land consists of four tracts at 620 Matagorda St., 211 Lavaca St., 215 Lavaca St. and 141 Lavaca St.

As part of the sale, the office tenants currently on the land in the Lavaca neighborhood will have 24 months to move. Tentative plans submitted to the SAISD include residential development by Silver Ventures, in partnership with another company. As part of the agreement, the developer will build around existing historic structures on the site. One such structure is a school that opened in the 1800s.

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