I mean... they could beg Silver Ventures, haha

Looks like they are going to continue building those apartments after all, even if the project is stalled.

http://www.mysanantonio.com/real-est...y-11818641.php

Lone Star may be back on, as it appears Aqualand no longer owns it, if I'm reading this right:

http://www.mysanantonio.com/real-est...photo-13159002

Seems right to me
 

This has gone too far to stall now, especially with the apartments project moving ahead. You'd have to be a fool to not get into the retail here if you can afford it.

After $300M development plans fall through, S.A.'s Lone Star Brewery to be auctioned

Guess it's officially dead, yall.

I can't wait to see who buys it.

Lone Star didn't get auctioned after all.

"Local lawyer Dale Weyand said in an email that he had been instructed to “pull the sale” by NCC Financial, a Houston firm that loaned the $7.4 million to the brewery’s owner, Lone Star Brewery Development Inc., in 2015."

http://www.mysanantonio.com/real-est...n-12335761.php

I wish I knew what this means for the property.

Up for auction again...

Do they literally do auctions on the steps of the courthouse?

Surely there's something more formal than that when this kind of money is in play.

lol!!:)

Welp.

https://www.expressnews.com/real-est...h-12729872.php

“Everything’s been paid off — no more foreclosure,” he said. Parkview is “looking now at talking to some other potential development partners and get the project restarted again.”

Keep your fingers crossed!!
This is an interesting development!!!:cheers:

I'm kind of happy, hopefully they can start from scratch and make it even better. If they do build a theater there again, I want them to build and Alamo Drafthouse... I think that kind of fits for our city. Just my opinion though.

Remember when Lone Star was gonna be redeveloped? Me neither! The developers have declared bankruptcy.

https://www.expressnews.com/real-est...m_campaign=123

"The property’s owner filed for Chapter 11 reorganization Monday, a day before the development was scheduled to be sold at a foreclosure auction.

Lone Star Brewery Development Inc., a subsidiary of Houston investment firm Parkview Capital Credit, reported $30 million cash on hand and debts of $27 million. The brewery and an adjacent property, which together total roughly 32 acres, are appraised at $30 million, according to a bankruptcy petition.

However, the Bexar Appraisal District valued the properties at 500 and 600 Lone Star Blvd. at $11 million, property records show."

Hopefully, the buyer will make something of this. I still think an Alamo drafthouse will work wonders there.

Reboot?
 

From the Express-News

GrayStreet wants to buy former Lone Star Brewery complex


Madison Iszler April 23, 2020 Updated: April 23, 2020 5:29 p.m.

https://s.hdnux.com/photos/01/11/57/...13/9/940x0.jpg

The owner of the former Lone Star Brewery complex has a buyer lined up, but it’s unclear whether a deal will be completed by a May 1 deadline.

An affiliate of GrayStreet Partners, a San Antonio development firm, wants to purchase the roughly 32-acre property for $17.25 million from Lone Star Brewery Development Inc.

Lone Star filed for bankruptcy protection in January, stopping a foreclosure auction of the complex at 500 and 600 Lone Star Blvd. It is trying to sell the property for at least $13.5 million.

More at https://www.expressnews.com/real-est...photo-19332613

This is exactly what I had hoped would happen. Look for them to try and make this the Pearl of the south side. If they buy it, They’re gonna take their time with development here. It’s gonna transform the near south side.

I pray for a rooftop restaurant on top of the Lone Star! The view of the skyline of San Antonio from there is amazing!

I think your optimism is a little too high for Gray Street there King William. They would be the last developer I'd want to buy that site.

I greatly greatly disagree. But you’re entitled to feel the way you do.