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  #381  
Old Posted Aug 2, 2019, 2:16 AM
AwesomeSAView AwesomeSAView is offline
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www.kens5.com has an article that says SAHA has approved 486 million in future developments and that includes the 24 story St Mary's Tower. This project is on the verge of happening
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  #382  
Old Posted Aug 3, 2019, 1:31 PM
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Originally Posted by AwesomeSAView View Post
www.kens5.com has an article that says SAHA has approved 486 million in future developments and that includes the 24 story St Mary's Tower. This project is on the verge of happening
That's great news. Can't wait to see this get started!
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  #383  
Old Posted Aug 3, 2019, 2:56 PM
SA Erudite SA Erudite is offline
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They had a news piece on it last night on kabb, said construction should be complete in 3 years.
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  #384  
Old Posted Nov 19, 2019, 12:38 PM
Tornado Tornado is offline
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Any news on this one? Was this a pipe dream or will it actually happen?
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  #385  
Old Posted Nov 19, 2019, 4:43 PM
Rynetwo Rynetwo is offline
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Originally Posted by Tornado View Post
Any news on this one? Was this a pipe dream or will it actually happen?
Well SAHA just approved to join the project 2 1/2 months ago so this one seems to be on track.

Quote:
The project will go before SAHA’s board for final approval on Aug. 1, 2019. The project would also need to be approved by the Historic Design and Review Commission before construction can start.
https://www.connect.media/jmj-saha-p...ial-high-rise/
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  #386  
Old Posted Nov 28, 2019, 9:03 PM
SAguy SAguy is offline
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Cause for concern?

From: SA Express News- 11/27/19

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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  #387  
Old Posted Dec 2, 2019, 3:24 PM
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Cause for concern?

From: SA Express News- 11/27/19

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.
I was wondering what the delay was. Seems like we keep getting teased with this project only to get let down. I know I've said it before, but I really don't believe this one is ever going to get built. It just seems like JMJ is dropping the ball on this project. Which is a shame, it would be a great project for downtown.

(I really hope I'm wrong and it gets built.)
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  #388  
Old Posted Dec 2, 2019, 8:07 PM
Tornado Tornado is offline
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Originally Posted by Dan In Real Life View Post
I was wondering what the delay was. Seems like we keep getting teased with this project only to get let down. I know I've said it before, but I really don't believe this one is ever going to get built. It just seems like JMJ is dropping the ball on this project. Which is a shame, it would be a great project for downtown.

(I really hope I'm wrong and it gets built.)
Yeah, JMJ seems to be cut from the same cloth as the guys behind the Cambria that never took off.
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  #389  
Old Posted Dec 3, 2019, 1:41 AM
micahinsa micahinsa is offline
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It's a fugly POS from top to bottom and interacts poorly with the street. Not a big loss IMO.
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  #390  
Old Posted Dec 4, 2019, 12:54 AM
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Yea, I'm with ya there. Let's get a whole new project there that is glass. glass. & more glass.
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  #391  
Old Posted Dec 4, 2019, 3:26 AM
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I do hope something comes out of this. But I agree that the street level is severely lacking.
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  #392  
Old Posted Dec 4, 2019, 4:35 AM
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UrbanTrance UrbanTrance is offline
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I feel everyone with the design and street activity. And there’s something about these developers...

But I’m afraid of the whole scenario of it gets canceled and then it’ll be 10-15 years until something substantial gets proposed there again.
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