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  #5881  
Old Posted Nov 27, 2019, 11:28 PM
SAguy SAguy is online now
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Major Projects Update from the Express News

Wondering what will emerge from the cranes and bulldozers around downtown San Antonio?

Apartments, hotels and headquarters are in the works for neighborhoods in and around the city’s urban core. The final touches are being put on some developments, such as CPS Energy’s new headquarters, while residents may have to wait longer to see others materialize.

Here’s an update on major projects in the area.

The Soto

Local developer Hixon Properties and the Cavender auto family are constructing a six-story office building on the site of the former Cavender Cadillac dealership on Broadway.

Dubbed The Soto for the Spanish word for “grove of trees” or “small forest,” it’s the first large-scale mass timber project in Texas and the fourth in the U.S., according to John Beauchamp, chief investment officer at Hixon.

The building will have roughly 140,600 square feet of tenant space and ground-floor retail. It should be finished in April, Beauchamp said.

Credit Human’s new headquarters

The shell of Credit Human’s new headquarters at Broadway and Pearl Parkway will be finished in the first or second quarter of 2020, said Elizabeth Fauerso, a spokeswoman for the Pearl complex. The finish-out process will begin then and the 12-story building should open late next year.

Credit Human, which is moving from 6061 W. Interstate 10, is working with Pearl developer Silver Ventures on the project and developing the building with the help of $8.8 million in tax abatements and rebates from the city and Bexar County.

A second eight-story tower with a mix of office, retail and restaurant space is being constructed next door for Bank of America and other tenants. It’s expected to be finished in the second quarter of 2020.

The two towers will share a plaza, fountain and park area and will be the first commercial buildings in San Antonio to use geothermal power for heating and cooling.

Jefferson Bank’s new headquarters

Jefferson Bank is planning to build a 12-story tower downtown to house its headquarters. Executives bought 1.7 acres at Broadway and East Grayson last year, kitty-corner to the Credit Human complex.

The land has already been cleared and the bank plans to break ground in the first half of 2020, spokeswoman Lindsay Armstrong said.

Jefferson Bank will continue using its current headquarters on the North Side as a banking center, but executives and lenders will start moving downtown in April 2022, she said.

Hotel Sul Fiume

This summer, the city’s Historic and Design Review Commission gave its initial approval to plans to tear down the rectory at St. Mary’s Catholic Church downtown and construct a 14-story, 147-room hotel dubbed Hotel Sul Fiume, or Hotel on the River in Italian.

The group proposing the project, SMS-SAR Hospitality LLC, includes developer Anthony Byron and the U.S. Province of the Missionary Oblates of Mary Immaculate. The Archdiocese of San Antonio would lease the property next to the church to the developer, and a new rectory and office with a separate entrance would be built for the church inside the hotel.

An unidentified hotel brand would manage the property, and renderings also show a restaurant and a cafe or retail space in the building. The archdiocese directed questions to Byron, who didn’t respond to inquiries.

Riverview Towers hotel

Winston Hotels plans to convert much of the 20-story Riverview Towers building downtown into a dual-branded AC Hotel by Marriott and an Element Hotel by Westin.

The North Carolina firm received final approval for the project in October and expects to close on the purchase of the property at 111 Soledad by year’s end, vice president of development Mathew Jalazo said at the time. Winston, which is buying it from Primera Partners, will likely benefit from the site’s location within a federal opportunity zone.

The building has roughly 280,000 square feet of office space, and the developer is keeping about 70,000 square feet of it as such. Work on the renovations, which will include a restaurant and rooftop bar, will start next year, Jalazo said previously.

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.

CPS Energy’s new headquarters

The local utility’s new headquarters at McCullough and Avenue B is expected to be finished next summer and employees will start moving in soon afterward, spokesperson Melissa Sorola said.

Construction crews are working to turn buildings formerly occupied by AT&T and Valero Energy Corp. into the utility’s new $210 million hub. The exterior is 98 percent complete and interior work is underway, Sorola said.

To help cover the cost of its new headquarters, CPS put more than $50 million worth of its properties up for sale in April, including its current headquarters on Navarro and the Villita Assembly Building. CPS is still reviewing proposals, Sorola said.

DC Partners’ luxury hotel and condominium tower

Construction of The Arts Residences at the Thompson San Antonio hotel is expected to wrap up in the second quarter of 2020.

The $116 million project at 123 Lexington includes 59 luxury condominiums and 162 premium hotel rooms along with a restaurant, spa and other amenities. Eighty-five percent of the condos have been sold.

The high-rise, developed by DC Partners, received a $10 million incentive package from the city through the Center City Housing Incentive Policy, a program intended to spur downtown development. The initiative offers developers property tax rebates and construction loans, forgivable under certain conditions, to build housing downtown.

The package for DC Partners was the largest ever awarded under the policy before it was overhauled by City Council last year. Changes to the program are intended to expand the program’s reach beyond downtown and establish affordable housing requirements for developments that receive incentives.

Main Plaza hotel, retail and office building

REM Hospitality wants to build a tower at Main Plaza with a 184-room Cambria hotel, office and retail space and a restaurant.

The local firm bought the land at 100 N. Main in 2016 and partner Anand Bhakta previously said REM was working on securing financing. REM didn’t respond to recent inquiries.

Burns building

Work on the five-story Burns building at 401 E. Houston is nearly done.

Local developer David Adelman of Area Real Estate turned the upper floors into roughly 40,000 square feet of creative office space. PricewaterhouseCoopers and Aptum, formerly known as Cogeco Peer 1, are leasing several floors; the fifth floor is still available, urban development manager Luis Martinez said.

Commonwealth Coffeehouse & Bakery recently opened a kiosk in the lobby near Traveler Barbershop, and construction is underway on a tasting room, bottling facility and other space for Devils River Whiskey. Work is expected to wrap up in March, Martinez said.

Canopy by Hilton hotel

Chris Hill, who owns Esquire Tavern, is constructing a 197-room hotel near the downtown bar on East Commerce.

The Canopy by Hilton hotel is expected to open next summer, said Patrick Shearer, president of Crockett Urban Ventures, which is building the hotel. It will be managed by White Lodging, an Indiana-based hotel management company, he said.

Hill is also redeveloping the nearby Witte building.

Essex Modern City and boutique hotel

California investment firm Harris Bay is planning two projects around downtown: a $150 million mixed-use project at Essex and South Cherry, dubbed Essex Modern City, and a 112-room hotel on Travis.

Essex Modern City could include office space, retail, apartments, condominiums, townhomes and a food hall, but progress has been held up by efforts to have the area designated as a quiet zone, Harris Bay co-founder Jake Harris said previously. Local developer Efraim Varga ended his involvement in the project earlier this year.

In the meantime, Harris Bay has been hosting events at the property, which is decorated with colorful murals.

The firm has also proposed building a boutique hotel on a 0.2-acre lot it bought this spring and will likely benefit from the property’s location within a federal opportunity zone. Harris previously said the firm was in talks with companies to manage and operate the hotel.

He didn’t respond to inquiries about both projects.

Floodgate apartments

Construction on an apartment tower on East Commerce next to Esquire Tavern is is expected to start by the end of 2019, according to city documents.

The project, spearheaded by local developer Keller Henderson, will include 63 rental units and roughly 10,000 square feet of commercial retail space, per an amended agreement under San Antonio’s Center City Housing Incentive Policy.

The developer plans to put $43 million into the project, with construction wrapping up by Nov. 30, 2021, and will receive $3.9 million worth of incentives.

The city initially OK’d incentives for the tower in 2017, with the developer planning to build 53 units and 15,000 square feet of commercial retail space, invest $40 million and finish construction by the end of October 2020.

The Floodgate Tower was first proposed in 2016 as a 10-story building and was later amended to reach 17 stories. Messages left for Henderson weren’t returned.

Twin towers

The San Antonio Housing Authority and Dallas-based JMJ Development are teaming up to build a 24-story, $62 million tower downtown, just across the street from a second tower JMJ is planning.

SAHA commissioners voted in August to work out an agreement with JMJ to construct a high-rise at the corner of Villita and South St. Mary’s. Half of the building’s 250 apartments would be set aside for renters making 80 percent or less of the area’s median income — which ranges from $39,800 to $75,000 depending on family size — with the rest offered at market rates. In return, the project would be exempt from property taxes.

Tim Alcott, SAHA’s real estate and legal officer, said at the time the organization and JMJ were looking at financing options such as tax credits and bonds. The developer hasn’t found financing, a SAHA spokesperson said recently. SAHA’s board will evaluate the project again after JMJ comes back with financing.

The firm wants to build a second $70 million apartment building nearby without SAHA’s involvement. The project, which is expected to include 226 apartments along with office and retail space, received initial approval from the HDRC in January.
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  #5882  
Old Posted Dec 13, 2019, 8:48 PM
mattdmoreno mattdmoreno is offline
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  #5883  
Old Posted Dec 16, 2019, 5:16 PM
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I hope this happens! This would be great for the city and the university. I LOVE the renderings and that would be an amazing looking campus located right by the river.
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  #5884  
Old Posted Dec 31, 2019, 9:39 AM
SAguy SAguy is online now
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Continental Hotel building- Next residential tower?

From the Express News-

Former hotel building downtown could be turned into mixed-income apartments

The city put the former Continental Hotel building on West Commerce Street up for sale this fall.


Weston Urban was the only firm to bid on the historic Continental Hotel building, for which the city has set a minimum sale price of $4.7 million. The City Council would need to approve the sale.

A vacant building and a parking lot a few blocks from the new Frost Tower could become a mixed-use development spearheaded by Weston Urban, the tower’s developer.

The city put the former Continental Hotel structure and parking lot at 322 W. Commerce St., up for sale this fall. Officials asked that redevelopment proposals include mixed-income housing but didn’t stipulate how many units would be affordable or what income levels would be targeted.

They also wanted nonresidential elements such as retail on the ground floor and parking options that could include public parking. They set a minimum sale price of $4.7 million.

“The site includes a historic building, and the city allowed respondents flexibility to create a proposal for the site,” said Kelly Saunders, a spokesperson for the Center City Development and Operations Department. “Respondents were asked to maximize housing density with rates affordable at various income levels.”

Weston Urban, which owns more than 20 acres in the area, was the only firm to bid on the project. Randy Smith, the firm’s CEO, declined to discuss the proposal.

The City Council would need to approve the sale, and Saunders said the details of the bid will be made public when the council agenda is posted. Jan. 30 has been proposed for a vote on the sale, she added.

The three-story Continental was constructed in 1896 as a hotel and renovated in 1984 to include offices and lab space for the Metropolitan Health District, which moved out in 2016. The structure has been vacant since then, and past efforts to sell and develop it fizzled.

“The timing was wrong,” said John Jacks, director of the Center City Development and Operations Department. But the redevelopment of San Pedro Creek, the University of Texas at San Antonio’s downtown expansion and a flurry of new apartments, hotels and offices are expected to draw more people downtown. And the city is trying to boost its supply of affordable housing.

The project could be eligible for incentives. Also, bidders had the option to work with the San Antonio Housing Trust Public Facilities Corp., a city nonprofit that provides a property tax exemption in exchange for at least half the units being rented to residents making 80 percent of the area median income.

It’s unclear whether Weston Urban plans to seek incentives or partner with the PFC.

An evaluation committee recommended awarding the contract to Weston Urban. The city’s audit and accountability committee was then briefed on the bidding process and OK’d moving the sale on to the City Council. At the meeting, council members asked about the proposed housing mix and the property’s price.
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  #5885  
Old Posted Dec 31, 2019, 2:56 PM
AwesomeSAView AwesomeSAView is offline
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Originally Posted by SAguy View Post
From the Express News-

Former hotel building downtown could be turned into mixed-income apartments

The city put the former Continental Hotel building on West Commerce Street up for sale this fall.


Weston Urban was the only firm to bid on the historic Continental Hotel building, for which the city has set a minimum sale price of $4.7 million. The City Council would need to approve the sale.

A vacant building and a parking lot a few blocks from the new Frost Tower could become a mixed-use development spearheaded by Weston Urban, the tower’s developer.

The city put the former Continental Hotel structure and parking lot at 322 W. Commerce St., up for sale this fall. Officials asked that redevelopment proposals include mixed-income housing but didn’t stipulate how many units would be affordable or what income levels would be targeted.

They also wanted nonresidential elements such as retail on the ground floor and parking options that could include public parking. They set a minimum sale price of $4.7 million.

“The site includes a historic building, and the city allowed respondents flexibility to create a proposal for the site,” said Kelly Saunders, a spokesperson for the Center City Development and Operations Department. “Respondents were asked to maximize housing density with rates affordable at various income levels.”

Weston Urban, which owns more than 20 acres in the area, was the only firm to bid on the project. Randy Smith, the firm’s CEO, declined to discuss the proposal.

The City Council would need to approve the sale, and Saunders said the details of the bid will be made public when the council agenda is posted. Jan. 30 has been proposed for a vote on the sale, she added.

The three-story Continental was constructed in 1896 as a hotel and renovated in 1984 to include offices and lab space for the Metropolitan Health District, which moved out in 2016. The structure has been vacant since then, and past efforts to sell and develop it fizzled.

“The timing was wrong,” said John Jacks, director of the Center City Development and Operations Department. But the redevelopment of San Pedro Creek, the University of Texas at San Antonio’s downtown expansion and a flurry of new apartments, hotels and offices are expected to draw more people downtown. And the city is trying to boost its supply of affordable housing.

The project could be eligible for incentives. Also, bidders had the option to work with the San Antonio Housing Trust Public Facilities Corp., a city nonprofit that provides a property tax exemption in exchange for at least half the units being rented to residents making 80 percent of the area median income.

It’s unclear whether Weston Urban plans to seek incentives or partner with the PFC.

An evaluation committee recommended awarding the contract to Weston Urban. The city’s audit and accountability committee was then briefed on the bidding process and OK’d moving the sale on to the City Council. At the meeting, council members asked about the proposed housing mix and the property’s price.

I hope there is added height to the building!!!

HAPPY NEW YEAR SAN ANTONIO!!!!!!!!!!!!!
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  #5886  
Old Posted Jan 2, 2020, 10:24 PM
JAYNYC JAYNYC is offline
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There's still time. Stadiums normally outgrow their arena's after about 20-25 years. That's in about 10 years for the At&t center. I say... here is hoping!
Keep hoping. It won't happen, though.

The decision to build AT&T Center in its current location was one of the worst ever made in the history of development in the city. There was never a chance of it serving as a foundation for residential, commercial or mixed use development of any kind on the East Side.
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  #5887  
Old Posted Jan 3, 2020, 11:27 PM
micahinsa micahinsa is offline
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Weston Urban was the only firm to bid on the historic Continental Hotel building, for which the city has set a minimum sale price of $4.7 million.

A fantastic location right in the heart of the urban core and you've literally only got one bidder.

But yeah, downtown San Antonio is definitely "on fire".....
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  #5888  
Old Posted Jan 3, 2020, 11:45 PM
Rynetwo Rynetwo is offline
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A fantastic location right in the heart of the urban core and you've literally only got one bidder.

But yeah, downtown San Antonio is definitely "on fire".....
To be fair the city is making a few stipulations making development more difficult.
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  #5889  
Old Posted Jan 3, 2020, 11:46 PM
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A fantastic location right in the heart of the urban core and you've literally only got one bidder.

But yeah, downtown San Antonio is definitely "on fire".....
Your sarcasm is most definitely not necessary. If you’re not going to add anything of value to the discussion, just do not engage period. I only say this because you have a pattern of this behavior.
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  #5890  
Old Posted Jan 4, 2020, 4:51 AM
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In totally shocking news that no one could have anticipated, The Nix Hospital is turning into a hotel. A Marriot, apparently.

http://innjoyhospitality.com/index.php/project/63/
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  #5891  
Old Posted Jan 4, 2020, 2:53 PM
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JACKinBeantown JACKinBeantown is offline
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In totally shocking news that no one could have anticipated, The Nix Hospital is turning into a hotel. A Marriot, apparently.

http://innjoyhospitality.com/index.php/project/63/
Great opportunity for a rooftop bar/restaurant surrounded by the skyline in every direction.
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  #5892  
Old Posted Jan 4, 2020, 4:08 PM
chancla chancla is offline
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In totally shocking news that no one could have anticipated, The Nix Hospital is turning into a hotel. A Marriot, apparently.

http://innjoyhospitality.com/index.php/project/63/
Anybody know or care to guess which Marriott badge this hotel will carry?

Can I dare wish for a Ritz Carlton in SA? Lol
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  #5893  
Old Posted Jan 4, 2020, 6:58 PM
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Anybody know or care to guess which Marriott badge this hotel will carry?

Can I dare wish for a Ritz Carlton in SA? Lol

Nahhhhhh!
San Antonio has Hotel Emma!!!!!!!!!!!!!

Unique, sophisticated, elegant,and stylish..........in a unique, historical, and beautiful city................
One of a kind hotel.....
Why have what the rest of the world has?????????????


Get it??????????
Cher does.............
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  #5894  
Old Posted Jan 4, 2020, 7:57 PM
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It does say mixed-use. It could end up with residences as well. Or maybe just the retail on the river bottom. Let's hope, though.
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  #5895  
Old Posted Jan 19, 2020, 4:19 PM
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West Commerce likely to become San Antonio’s next nightlife destination

From: San Antonio Heron

Give it two years.

By then, if everything goes according to plan, this section of the San Pedro Creek project will be finished and pedestrians will stroll the tree- and mural-lined walkway, which will seamlessly connect the creek with West Commerce Street and the plaza in front of the new Texas Public Radio (TPR) building—all of it opposite a 250-foot-wide waterfall on the creek’s east bank. Part of the $75 million phase, which is expected to be completed by April or May of 2021, included the demolition of the old Dollar General building, which now creates room for the gardens area at creek level. The San Antonio River Authority, the project’s manager, purchased the building, which was a local landmark, according to city records, from Penner Brother’s LLC in 2016 for an undisclosed price.

As the owner of roughly a dozen properties in this western half of downtown, Weston Urban intends to build multiple housing developments, all with retail on the ground level, totaling something like 1,000 new units.

Future housing and retail in this area, whether it comes from Weston Urban or Lifshutz or other property owners, will likely cater to the university demographic: students, faculty and staff alike. Part of the expansion of the University of Texas at San Antonio’s downtown campus will manifest in these parts, in particular on Dolorosa street, a block south of West Commerce, where new buildings for its National Security Collaboration Center, the College of Business and the School of Data Science will go.

https://saheron.com/west-commerce-be...e-destination/
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  #5896  
Old Posted Jan 20, 2020, 4:10 PM
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JACKinBeantown JACKinBeantown is offline
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From: San Antonio Heron

Give it two years.

By then, if everything goes according to plan, this section of the San Pedro Creek project will be finished and pedestrians will stroll the tree- and mural-lined walkway, which will seamlessly connect the creek with West Commerce Street and the plaza in front of the new Texas Public Radio (TPR) building—all of it opposite a 250-foot-wide waterfall on the creek’s east bank. Part of the $75 million phase, which is expected to be completed by April or May of 2021, included the demolition of the old Dollar General building, which now creates room for the gardens area at creek level. The San Antonio River Authority, the project’s manager, purchased the building, which was a local landmark, according to city records, from Penner Brother’s LLC in 2016 for an undisclosed price.

As the owner of roughly a dozen properties in this western half of downtown, Weston Urban intends to build multiple housing developments, all with retail on the ground level, totaling something like 1,000 new units.

Future housing and retail in this area, whether it comes from Weston Urban or Lifshutz or other property owners, will likely cater to the university demographic: students, faculty and staff alike. Part of the expansion of the University of Texas at San Antonio’s downtown campus will manifest in these parts, in particular on Dolorosa street, a block south of West Commerce, where new buildings for its National Security Collaboration Center, the College of Business and the School of Data Science will go.

https://saheron.com/west-commerce-be...e-destination/
They're not going to demolish Penner's, are they? I love that building. Is the article just stating that the Penner's family sold a different lot... not the actual Penner's store? That covered overhang would make for great outdoor restaurant seating, by the way, if they ever did want to convert it.
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  #5897  
Old Posted Jan 20, 2020, 10:25 PM
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They're not going to demolish Penner's, are they? I love that building. Is the article just stating that the Penner's family sold a different lot... not the actual Penner's store? That covered overhang would make for great outdoor restaurant seating, by the way, if they ever did want to convert it.
No, Penner's is staying as is. The demolished building was across the creek.
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  #5898  
Old Posted Jan 21, 2020, 1:10 PM
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^^ Whew!
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  #5899  
Old Posted Jan 23, 2020, 1:08 PM
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More potential development in the Pearl area.

https://www.virtualbx.com/constructi...ed-near-pearl/
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  #5900  
Old Posted Jan 23, 2020, 5:57 PM
mattdmoreno mattdmoreno is offline
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Changes in plans to the near east-side food-truck park

https://news4sanantonio.com/news/loc...ETZdsyrgZk5orM
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