San Antonio's next skyline-altering downtown tower gets green light

2 years ago 516

Dec. 16, 2021

San Antonio developer Weston Urban plans to physique a 32-story operation astatine 305 Soledad Street.

Weston Urban tin present determination guardant into the operation readying of its towering residential development bound to further change the Alamo City's skyline.

The prolific section developer down the new Frost Tower received plan support of its planned 32-story apartments downtown astatine 305 Soledad Street, which is presently a parking lot.

The operation volition person 351 market-rate apartments and 7,000 quadrate feet of crushed level abstraction for retail and a parking garage.

A person look shows the crushed level abstraction that volition beryllium utilized for retail and a parking garage.

Weston Urban told the metropolis assembly astatine a May gathering that outgo of operation would beryllium $107 million, which volition beryllium supplemented by a $7.6 cardinal inducement bundle assembly members approved astatine the aforesaid meeting. The metropolis incentives see a 75 percent rebate connected spot taxes implicit 15 years. The remaining 25 percent of that rebate volition spell to the city's affordable lodging fund, which is astir $2.2 million.

Weston Urban is besides transforming the Continental Hotel gathering connected the country of Laredo and Commerce streets into a 15-story flat analyzable that volition diagnostic 258 units. The developer received HDRC support for that task successful July.

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