[Fryguy]

Originally Posted by jaga185

100 N. Main hotel and office tower

What is it: A roughly $45 million tower on Main Plaza with 45,000 square feet of office space and 184 rooms from the boutique Cambria hotel brand.

Original plans: Local hotel development group REM Hospitality said they wanted to break ground in December of last year.

Current status: The developers now hope to start construction around April, said Anand Bhakta, one of the partners in REM. But the groundbreaking could end up later because they are working with the city to make sure the construction doesn’t interfere with festivities for San Antonio’s tricentennial, he said.

The project made it through the city’s historic approval process, but it is awaiting a signature from Mayor Ron Nirenberg to qualify for the federal government’s EB5 program, which allows foreigners to invest at least $500,000 in a development in order to get a green card, Bhakta said. Nirenberg needs to certify that the project is in an area with high unemployment for it to qualify.

Thank you! I look forward to April, which should also be around the time the JMJ Tower starts construction.