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Old Posted Nov 28, 2019, 9:09 PM
SAguy SAguy is offline
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From: SA Express News- 11/27/19


GrayStreet’s Broadway tower and downtown renovations

Local firm GrayStreet Partners plans to build a 20-story hotel and office tower on Broadway near the Pearl. Nearly a year ago, the HDRC gave GrayStreet approval to start site work on the project, which will also include ground-floor retail.

Luxury chain W Hotels wants to open a 195-room location in the building. The hotel is in the planning stages, parent company Marriott International told data firm STR, which tracks the hospitality industry.

Farther down Broadway Street, GrayStreet is in the process of rehabilitating the former San Antonio Light building into offices. The firm is also renovating the Kress and Grant buildings on Houston downtown for co-working giant WeWork and a food hall.

Ownership of the Kress building was recently restructured, but GrayStreet remains the developer, city spokesman Carlos Valenzuela said. City Council members OK’d about $1.3 million this summer to help GrayStreet make cosmetic changes to the buildings.

The firm’s development director, Peter French, didn’t respond to multiple inquiries
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