[Urbannizer]

Houston developer ready to dig into River Walk hotel, condo deal

DC Partners has assembled the team, finalized its design, and is ready to bring out the shovels.

The Houston-based firm is officially ready to go with plans to develop a 20-story mixed hotel-condominium development in downtown San Antonio.
The 20-story development will include a mix of hotel rooms and condominium units.

DC Partners is on track for a spring 2017 groundbreaking for its mixed River Walk project, which will include 66 residences and 162 Thompson Hotel-branded rooms on two vacant sites at 101 and 123 Lexington Ave.

Since I spoke with DC Partners CEO Roberto Contreras a couple of months ago, the company has finalized an exclusive partnership agreement with the local Kuper Sotheby's International Realty office to market and sell the condominium portion of the development, and has brought on San Diego, CA-based general contractor Harvey Inc. Mexican interior design firm Amass & G and Houston-based Powers Brown Architecture round out its team.

DC Partners' Marketing Director Julie Kleine told me the firm hasn't cemented an official groundbreaking yet. But with plans to launch condo presales in mid- to late-February, she said it is just a matter of time. Once shovels start digging into the River Walk sites, construction is expected to last roughly 28 months.