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Old Posted Jun 4, 2014, 1:29 PM
WorldTexas WorldTexas is offline
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SAN ANTONIO │ 307 Dwyer │ 6 FLOORS │ U/C

Mixed-use downtown project wins initial OK

An underused segment of downtown, two blocks south of the Bexar County Courthouse, could become the site of a vibrant mixed-use development that would include 272 apartments, half of which would be priced for people who earn less than San Antonio's median income.

The $50 million development would also include about 50,000 square feet of commercial space and 450 parking spots.


Under the complex plan, San Antonio-based Landbridge Partners would team with the San Antonio Housing Trust Public Facility Corp., which is overseen by a board of directors composed of five City Council members. The city owns 307 Dwyer Ave., the site of a former transitional housing facility that was no longer needed after Haven for Hope opened.

Now, the city is poised to convey the property to the public facility corporation, which will become an equity partner with Landbridge, a group that plans to add the adjacent Heritage Plaza building to the mix.

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This together with Elan Riverwalk and the HEB store will really start to stitch together downtown with the Southtown and Arsenal areas.

And what exactly do they mean when they say "add Heritage Plaza to the mix?" Are they going to tear it down for the new residential complex?
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