Lol well it was only a matter of time until we got this news I feel like but the 17-story apartment tower by AREA Real Estate has officially been canceled.
"Local developer AREA Real Estate terminated its agreement with the Hemisfair Park Area Redevelopment Corp. (HPARC) to build a 17-story mixed-income apartment tower on the complex earlier this year, a Hemisfair spokesperson confirmed to the Business Journal. AREA had been aiming to break ground on the 200-unit project in 2025. Hemisfair CEO Andres Andujar said in a statement to the Business Journal that a flurry of factors contributed to the cancellation...'The challenges with finance, design and construction are impacting project viability around the nation,' Andujar said. 'Hemisfair is optimistic about the opportunity to reconsider this critical site as its value is increasing with the emergence of impressive projects in the district and beyond.'...Alternative uses for parcel, known as D5, are currently being explored, Andujar added."
https://www.bizjournals.com/sananton...-canceled.html