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ATI Closes on Innovation Center at Port San Antonio
American Triple I Partners has closed on a $60-million, 130,000-square-foot mixed-use, innovation center. It’s intended to continue the transformation of the 1,900-acre Port San Antonio technology campus into one of the nation’s top high-tech business incubators and science and technology research and education centers.
The New York-based developer, investor and manager of national infrastructure projects partnered with Port San Antonio and spearheaded the Innovation Center’s business plan, market feasibility analysis, design, structuring and financing. Construction will begin within weeks, and the complex will open as soon as 2022.
The center will include high-tech business incubator space; a research and development lab; a 2,500-seat arena that can be reconfigured for a myriad of events; the new home of the San Antonio Museum of Science and Technology; integrated classrooms and meeting space; and a food court and retail.
Branch Banking & Trust, now Truist, will provide debt financing for the project.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
