Quote:
Originally Posted by satx23
Fate of Lone Star Brewery makeover unclear as site is back on the market
https://www.bizjournals.com/sanantonio/n...tar-brewery-site-back-on-the-market.html
The 32-acre site once home to Lone Star Brewery is again for sale, putting plans for a major destination development south of downtown San Antonio in doubt.
The latest twist in what has been a multi-decade effort to revitalize the once hopping area along the San Antonio River comes less than a year after City Council approved as much as $24 million in incentives to support the nearly $600 million project.
The Business Journal reported in spring 2020 that a subsidiary of GrayStreet Partners was acquiring the real estate along Lone Star Boulevard.
Last year, GrayStreet enlisted the help of Midway, a Houston-based real estate investment, development and management firm to help with the reimagining the Lone Star property. They’ve pursued a redevelopment plan for the former beer-making site that could include a mix of office, hotel and retail development.
“Together with our partners, we are exploring the opportunity to sell all or part of the Lone Star District,” Midway confirmed in a statement, noting that the firm often considers such sales throughout the development cycle of its projects.”
GrayStreet managing partner Kevin Covey was unavailable for comment at press time. |
Somebody is doing some sight work. Drive by there on Lone Star boulevard, and you will see a deep, long hole being dug by somebody. Did they start, then stop?
It doesn't look to be because of the recent fire, but I guess it could be.