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SA Biz

The first project is the 17-story Floodgate. The mixed-use residential and retail project has been in the public eye since 2016, when it received HDRC approval as a 10-story, 55-unit, mixed-use complex.

The project will be on East Commerce Street, next to the Esquire Tavern and the future Hilton Canopy hotel. The property will feature River Walk frontage and will require the demolition of two structures — at 139 and 141 E. Commerce St.

The Floodgate is being developed by local interior designer and developer Keller Henderson, who has brought on Austin-based architecture firm Rhode Partners to design the tower. The latest plans for the tower include two restaurant spaces — one 3,800-square-foot space on the River Walk level and one 3,500-square-foot space along Commerce Street — with apartments above, Henderson said.

Henderson's development team is planning for 60 residential units, with four penthouses, he wrote in an email. The residential units could range from 850 to 1,300 square feet, with the penthouses having up to 1,500 square feet. Rents will be market rate and vary with size, location within the tower, and unit amenities.

"We’re excited about the dynamic design Rhode Partners has created, and feel it will be a landmark building that will set the standard for downtown’s new energy and lifestyle," Henderson wrote in his email.

Residential amenities will include an on-site automated parking system, a landscaped open mezzanine on the fourth level with an outdoor lounge and grill, a pet area, pocket gardens, and an indoor lounge and event space. The rooftop level will have a fitness center with yoga and cycling rooms, and an open-air lap pool and landscaped garden.

The second project coming before the HDRC Wednesday is tentatively called the Augusta at McCullough. It is a planned five-story apartment complex by Stillwater Capital, a Dallas-based real estate development, acquisition and management company. The building would sit on a nearly 2.3-acre city block enclosed by Augusta and Dallas streets and Brooklyn and McCullough avenues.

According to plans submitted to the HDRC, the project would feature a first-floor pool and courtyard, a fitness center, a parking garage with entrances on Brooklyn and McCullough avenues, and 260 apartment units. The project has been designed by Dallas-based architecture company Hensley Lamkin Rachel Inc.

Stillwater Capital has developed several multifamily communities around Dallas, College Station and Austin, as well as at least one prior community in San Antonio, the 107-unit Alcove at Alamo Heights, which it sold in 2017.

Two historic buildings, the Claudius King House and the Nesbitt House, are on the property, and the project will not receive final approval unless the relocation of both buildings has been granted, according to the HDRC.