Piazza San Lorenzo closer to construction
http://www.mysanantonio.com/business...t.24a0b95.html
A luxury condominium project slated for the River Walk is close to finalizing an $80 million loan to start construction.
RTK Development Group could begin construction on Piazza San Lorenzo this spring, once the company closes on the loan.
The eight-story riverside condo tower's 28 units will start at $635,000 for about 1,400 square feet. A three-story penthouse will cost more than $7 million.
About 20 percent of the units have been reserved, according to a release from John R. Kazanjian, managing director of RTK Resort Group.
The development, between Houston and Soledad streets downtown, is expected to include some 17,000 square feet of river-level retail shops and restaurants and about another 30,000 square feet of retail at the street level.
Piazza San Lorenzo plans also include about 47 separate luxury time-share condo units, which are expected to sell for about $140,000 for a two-bedroom, $195,000 for a three-bedroom and $280,000 for a four-bedroom. Buyers would get a one-tenth-share interest in the property and pay annual fees of $6,500, $7,500 or $9,000, depending on the unit.
Rachel Stone