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Originally Posted by Tornado
Hotel/Apts/Mixed used project delayed again…are we surprised? Higher interest rates, constructions costs, etc are their reasons for needing more due diligence. Zachry turning into gray street with all of these promises and no action.
https://www.expressnews.com/business...p-17889487.php
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From the article.
The San Antonio company has been spearheading it since 2017, when it bested 10 other bidders for the opportunity to transform the site’s northwest corner at East Market and South Alamo streets.
Zachry’s original $200 million proposal included a 200-room hotel, 385 housing units and up to 75,000 square feet of retail space, 110,000 square feet of offices and 800 parking spaces.
Construction was supposed to start in 2018 after Tricentennial and Final Four events concluded. It never began.
SA needs to find a new developer that will get the job done.