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-   -   SAN ANTONIO │ Lone Star Brewery Redevelopment Thread (http://forum.skyscraperpage.com/showthread.php?t=219675)

jaga185 Jun 15, 2017 8:51 PM

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

jaga185 Aug 15, 2017 4:32 PM

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

Spoiler Aug 18, 2017 2:12 AM

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

Restless 1 Aug 18, 2017 4:55 PM

Seems right to me
 
Quote:

Originally Posted by Spoiler (Post 7896611)
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

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.

jaga185 Nov 2, 2017 5:40 PM

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

Guess it's officially dead, yall.

Spoiler Nov 3, 2017 12:59 AM

I can't wait to see who buys it.

Spoiler Nov 8, 2017 9:38 PM

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.

jaga185 Feb 15, 2018 6:34 PM

Up for auction again...

Quote:

Lone Star owner faces foreclosure for third time in four months

The 32-acre property will be sold on the steps of the Bexar County Courthouse on March 6 after the subsidiary, Lone Star Brewery Development Inc., defaulted on a $7.4 million loan, according to county property records and foreclosure listing service RexReport.

micahinsa Feb 16, 2018 11:40 AM

Quote:

Originally Posted by jaga185 (Post 8086953)
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.

AwesomeSAView Feb 16, 2018 6:05 PM

Quote:

Originally Posted by micahinsa (Post 8087841)
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!!:)

Spoiler Mar 6, 2018 11:26 PM

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.”

AwesomeSAView Mar 7, 2018 1:20 AM

Quote:

Originally Posted by Spoiler (Post 8110256)
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:

jaga185 Mar 7, 2018 2:32 PM

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.

Spoiler Jan 7, 2020 9:39 PM

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."

jaga185 Jan 8, 2020 1:49 AM

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


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