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GrayStreet to Build $560M MXU in Government Hill
GrayStreet Partners plans to convert more than 20 acres it has amassed in San Antonio’s fast-changing Government Hill neighborhood into a blend of multifamily housing, retail and hospitality space, offices and outdoor plazas, the San Antonio Express-News reported.
The locally based firm is teaming up with Houston-based Midway on the $560.8-million development, to be known as Broadway East.
The 1.6 million-square-foot development will be constructed in phases over a decade. The first phase will include office and retail space and a 380-unit multifamily complex.
“This is a total transformation of the area,” Peter French, GrayStreet’s director of development, told San Antonio’s Midtown Tax Increment Reinvestment Zone board.
Infrastructure upgrades for Broadway East will include new streets, bike lanes, sidewalks, drainage and other infrastructure work for Broadway East, the Express-News reported. GrayStreet plans to extend Pearl Parkway into Government Hill as part of the project.
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