Posted Jun 26, 2014, 9:37 PM
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Loving SA 365 days a year
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Join Date: Feb 2007
Location: San Antonio
Posts: 3,890
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Quote:
The City of San Antonio has received an unsolicited proposal from Frost Bank and Graham Weston's real estate firm Weston Urban LLC that, if approved, would dramatically alter the downtown landscape.
Under the proposal, Weston Urban will develop a new headquarters office tower and hundreds of new residential units in San Antonio’s center city.
Weston and Frost are asking the city to convey to them five downtown properties, including the Municipal Plaza building, the Continental Hotel building, San Fernando Gym and two parcels of real estate.
In exchange for those buildings, Frost would convey to the city its existing office tower at 11 W. Houston Street and an attached parking garage.
As part of the deal, Weston Urban would agree to build Frost a new headquarters building at the northwest corner of Flores and Houston streets.
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