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Originally Posted by theOGalexd
Same, I'll take it though. Given that the Thompson has seemingly been successful, as well as Hotel Emma, I wonder what the market for a tall condo/hotel tower would be like here. Maybe someone (that isn't graystreet ffs) will revive the W but make it a condo hybrid instead of office.
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Agreed on the W. The first person to put condos around the Pearl will make approximately one gorillion dollars imo. Condos are supposed to be historically a pretty soft market in central SA, I know, but that's based off two fairly mediocre products, the Broadway and Vidorra (Vidorra being in kind of a marginal location, and the Broadway being basically a highrise subdivision, more Alamo Heights/Terrell Hills vibe than downtown vibe).
The better more recent data point I think is the Thompson project, which I believe sold out relatively quickly. In a good location like that with a good product, I think the market for condos is much better. And people absolutely lose their minds about the Pearl, my gut is that the market for condos in that immediate area is even better than around the Thompson downtown.
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