Downtown San Antonio Mixed-Use High-Rise Project Closes In On Final Approval
An ambitious mixed-use project on the site of the old Continental Hotel is due for final review later in August. Weston Urban has shared a number of renderings which show a 15-story tower that will contain 255 mixed-income apartments, retail and office.
Assuming Weston Urban gets the go-ahead, they expect to begin construction in early September. In public filings, the project is slated to cost $80 million.
When they get started on the new project, it will be the second significant downtown project by Weston Urban under construction. In March, the company started work on a nearby 354-unit, 32-story apartment tower called 300 Main. Combined the two projects total 609 apartments and are both scheduled to be completed in mid-2024.
Weston Urban has a deal with Bexar County that they will not pay property taxes for 75 years, in exchange for reducing rents for half of the renters, depending on their incomes.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.