SkyscraperPage Forum - SAN ANTONIO │ Yanaguana Garden Developments │ 12 FLOORS, 6 FLOORS │ Proposed

HEMISFAIR GETS GREEN LIGHT TO SELECT DEVELOPERS FOR $50 MILLION MIXED-USE DEVELOPMENT

TWO MIXED-USED BUILDINGS WITH STREET LEVEL RETAIL PLANNED FOR PHASE I OF YANAGUANA GARDEN

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(TOP CENTER) CONCEPT RENDERING OF WATER STREET PROJECT

Quote:

The nonprofit behind the remaking of HemisFair Park received the go-ahead Thursday from City Council to look for developers to construct two mixed-use buildings near the southwest corner of the downtown space.

Combined, the two projects, totaling at least $50 million in development, could include more than 200 mixed-income residential units, a boutique hotel and roughly 300 public parking spaces to the park, as well as the expansion of the Magik Theatre.

In late July, the Hemisfair Park Area Redevelopment Corporation said it will begin the process of finding a developer for each parcel.

Once chosen, developers would enter a public-private partnership in which they would lease the public land for decades, according to Hemisfair. Revenue generated from each project — rents, leases, etc. — would be funneled back to HemisFair.

The so-called Water Street Development on 1.13 acres would abut the envisioned Yanaguana Garden, the play area on Hemisfair's southwest corner. A midrise structure (five to six stories) containing 100 or so residential units is envisioned for the parcel. The units would wrap around a parking structure with 400 spaces (100 for residents, the remainder for public use). First-floor retail is another component of the planned building.

LOCATION
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