Cowboys Dancehall Sells, Following Years of Legal Wrangling
Cowboys Dancehall, a well-known honkytonk on San Antonio’s northeast side, sold to Heiser Development Corp., which paid $6.5 million for the property. The amount paid at an auction is below the $9.75 million recorded in court records early in 2019, as well as the property’s assessed value of $9.1 million. The property was originally listed for $12 million.
The Austin-based developer acquired the 70,000-square-foot property after years of bankruptcy filingsand threatened foreclosures. Owner Cowboys Far West Ltd. had filed for bankruptcy in late 2016, seeking Chapter 11 bankruptcy protection twice to avoid a foreclosure auction.
The new owner is planning to renovate the property at 3030 N.E. Interstate 410 Loop, but indicated the dance hall will remain open during the process. S.A. Club Entertainment LLC inked a 15-year lease on the property.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.