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Originally Posted by CaliNative
Austin may challenge Houston and Dallas eventually. I don't understand why San Antonio lags in skyscrapers. It is a big city, and a charming one too. Plus my mom was born there, so I have a warm spot in my heart for it. Perhaps San Antonians prefer suburban houses to hi rise living. Most new skyscraper construction in most cities is residential or hotel rather than office. San Antonio has a few hotel towers
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San Antonio has taken a remarkably different approach to urban development, one that is more European in some respects and has the potential to pay off long-term with respect to the skyline.
Downtown San Antonio is a tourist trap, largely devoid of life outside of that. The city and county are making efforts to change that dynamic with a second water-level pedestrian promenade downtown similar to the Riverwalk along San Pedro Creek, and developers have been working hard to densify the ring of neighborhoods surrounding downtown with 3-7 story residential in addition to new, local entertainment districts:
• Pearl Brewery and multiple adjacent large-scale master-planned urban developments, adding thousands of units and multiple highrises, with thousands more to come, situated along the northern residential extension of the riverwalk.
• LoneStar Brewery, development plans and owners keep shifting, but the writing is on the wall that this large parcel just south of downtown along the southern residential extension of the riverwalk will mirror what has happened at the Pearl.
• Southtown, the area surrounding LoneStar has already been filling up piecemeal with urban residential for a decade now. At least 1,500 units.
• Eastside: lots of stuff cooking here, Sunset Station is now surrounding by urban residential with some under construction and more to come. Developers are intent on turning this area into the local nightlife district, which does not currently exist in San Antonio. There are multiple large parcels, with development projects actively in the works.
• Westside: the massive UTSA expansion downtown that will eventually span from San Pedro Creek all the way under and across the interstate to the railroad tracks, complete with student housing, office space, research space, meeting space, collaborative space, and of course classroom space has already started. There is also the new federal courthouse along San Pedro Creek and multiple large transit-oriented projects on the works along VIA’s Centro Plaza.
Again, all of what’s above will created a cohesive ring around downtown proper of mid-scale urbanism 10-15 blocks deep. Outside of that inner ring, San Antonio is also experiencing a “missing middle” boom of townhomes, rowhomes, and similar dense single-family home structures and has taken great pains over the last few years to open up options for homeowners to develop their land with ADUs. The neighborhoods filling with these are not a perfect outer ring around the mid-scale urban stuff, but there is enough activity that San Antonio’s underlying land prices are some of the fastest rising in Texas. Developers want in on this action.
• Short-term (5-10 years), I think that San Antonio continue to see all of the above trends continue with perhaps the occasional resident skyscraper along the Riverwalk downtown, and perhaps a few more office-to-res conversions. Hotels will continue along the Riverwalk, around the Alamo, and adjacent to the Convention Center.
• Medium-term (15-20), I think that San Pedro Creek begins to have residential towers lining it and to see the Pearl and Broadway corridor area start to become an approximation of an Uptown with larger highrises and office structures. I also expect to see a student highrise district emerge along Frio Street.
• Longer-term (25+), I expect to see land values in downtown proper rise significantly. As developable land surrounding downtown decreases in quantity, that will be a natural outgrowth. That land will have overwhelmingly been densified on the back of residential, which is usually the easiest pathway to generating office development. At that time, San Antonio will probably be at about where Austin is now (getting its first truly major office tower).
Different strategy entirely than pretty much anywhere in the country. Probably why San Antonio has been able to keep housing costs low while the rest of the state has struggled.