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Old Posted Feb 22, 2021, 2:29 PM
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https://www.expressnews.com/sa-inc/a...photo-20627464

"GrayStreet bought the Light and the adjacent Print building in 2016 from Hearst Corp., the parent company of the San Antonio Express-News, and construction was supposed to wrap up in 2019.

Half of the work is done, Covey said, but structural problems with the Print building pushed back the timeline. GrayStreet commissioned an assessment before buying the site, but the consultant was wrong about the strength of the concrete at the Print building, Covey said.

The firm had to reinforce columns and also decided to add more floors. Designs had to go back to a city commission for approval.

Architecture firm Ford, Powell & Carson and the Express-News, which put its nearby headquarters up for sale in 2019, still plan to move in. Construction is expected to be completed in July, Covey said."






Also a morsel of information about Lone Star renovation:

"The firm is also working with Midway to remake the former Lone Star Brewery, a massive undertaking that would transform the area near the Mission Reach south of downtown.

The brewery closed in 1996 and developers have been trying to remake the 32-acre site at 500 and 600 Lone Star Blvd. for years. Those efforts have been stymied by costs, bankruptcies and environmental problems.

GrayStreet bought the property last year in a deal reached days before it was set to be sold to one of the bankrupt owner’s lenders.

Covey is working on plans for its overhaul.

Midway will play a major role in the day-to-day development, he said, and GrayStreet will also be “building vertical improvements there.” He anticipates working with three or four developers on the mixed-use community."
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