San Antonio Metropolis Council authorised a zoning change that might pave the best way for a 5.9-acre mixed-use growth within the Museum Attain portion of the River Stroll.
In a brief assembly Thursday, council members authorised a proposed zoning modification that enables industrial growth, mid- or high-rise places of work and 390 housing models on land alongside the San Antonio River close to Jones Avenue and Camden Avenue.
The land is owned by McCombs Household Companions, which purchased the property for $29.5 million from CPS Power in 2023.
The corporate, which is a part of the household of companies owned by late auto magnate Crimson McCombs, declined to touch upon its plans when contacted on Friday.
Paperwork on the Metropolis of San Antonio’s web site point out that eight buildings, together with parking garages could possibly be constructed on the website with a most peak of 15 tales.
The event may embrace 57,410 square-feet of meals and beverage house, 298,030 square-feet of multifamily housing and 265,510 square-feet of workplace house.
There are a number of buildings on the McCombs-owned parcels.
In keeping with the Bexar County Appraisal District, there are three places of work, a storage warehouse and an auto service storage on the location. CPS Power thought-about donating a lot of the website to the close by San Antonio Museum of Artwork in 2015, however modified course in 2022 and offered a lot of the location in 2023.
The 5.9-acre website is roughly 600 ft from Pearl and in a ZIP code with a few of San Antonio’s highest fair-market rents, in line with the Nationwide Low-Earnings Housing Coalition, which pegs rents for a one-bedroom condominium within the space at $1,720 a month.
