A turn-of-the-century resort spanning the size of 4 downtown heaps, shuttered for almost a decade, is as soon as once more open for friends.
The actual property agency Placemakr introduced Tuesday that renovations to The Continental at 322 W. Commerce St. are full and the resort is open for bookings.
The apartment-style resort affords 28 furnished studios and one- or two-bedroom items provided as extended-stay leases. Placemakr declined to reveal rental charges, however its reserving web site lists a studio condo at about $143 an evening and a premium two-bedroom unit beginning at $312 an evening.
Placemakr is advertising and marketing the property in partnership with San Antonio developer Weston City, which rehabilitated the vacant resort constructing within the Zona Cultural as a part of a venture to redevelop your complete 1.9-acre downtown block.
“With The Continental we’re seeking to restore one thing particular to our group that may really feel like a pure match,” mentioned Randy Smith, CEO and co-founder at Weston City. “We’re excited to companion with Placemakr to convey this historic constructing again to life and provide a singular model of versatile residing in downtown San Antonio.
Prolonged stays
The Washington, D.C.-based Placemakr, based in 2017, works with builders, property operators and traders to market apartment-like areas for intervals extending past a typical resort keep.
Placemakr properties, which the corporate says mix “the benefits of condo residing with the companies and reliability of a resort,” embrace new multi-family buildings and established residences.
The corporate lists properties in Atlanta, Austin, Nashville, New York Metropolis and Pittsburgh, Washington, D.C., and Columbia, Md.
The Continental represents Placemakr’s second property in San Antonio.
The corporate additionally represents the 86-unit Maverick property at 606 N. Presa St., a 9-story brick construction in-built 1922 that opened as a classy new condo constructing in 2017.
The Continental venture permits Placemakr to convey an progressive idea into an iconic historic constructing, mentioned Jason Fudin, CEO and co-founder of Placemakr.
“This launch is about to rejuvenate not simply solely the constructing itself, however your complete surrounding space, enabling friends and residents to get essentially the most out of this tremendous cool neighborhood in San Antonio,” he mentioned.
Historic resort
Cattlemen as soon as most well-liked the resort on West Commerce for its proximity to the stockyards and Navy Plaza.
Round 1926, La Clede Resort turned generally known as the Continental. The resort closed within the late Seventies and was used as workplace area for the San Antonio Metropolitan Well being District till 2016.
Weston City bought the property from the Metropolis of San Antonio in 2020.
In 2022, the brand new homeowners revealed a plan to rehabilitate the resort’s crumbling facade, demolish the again half, and remake the constructing right into a residential or resort property.
The Continental Block venture additionally features a new condo tower with 290 mixed-income items adjoining to the San Pedro Creek Tradition Park, and renovated industrial area within the 1928 Arana constructing on Dolorosa Road.
Reasonably priced housing
The brand new condo tower that’s nonetheless underneath development is the primary reasonably priced housing venture authorized underneath the Bexar County Public Facility Corp., a nonprofit arm of the county that works to extend reasonably priced housing and high quality growth.
The phrases of the settlement with the county give the developer full property tax exemption in the course of the 75-year lease in change for committing to lease half the items as reasonably priced, not exceeding 30% of a renter’s earnings.
Smith, who can be an proprietor of the Missions baseball group, has pointed to the Continental block residences as potential housing for Cleaning soap Manufacturing unit condo residents who could possibly be displaced if a brand new stadium is constructed within the space.
The tower is anticipated to open within the fall.
For details about reserving stays at The Continental, go to the Placemakr web site.
