The house owners of the La Villita Meeting Corridor, a round constructing on the nook of Villita and Presa streets, plan to show the area right into a meals corridor, in line with a press launch.
San Antonio non-public fairness agency Escalera Capital purchased the property in March 2024 with a plan to show the constructing right into a “dynamic meals and beverage hub” by 2027.
Now, Escalera Capital is asserting a extra particular plan — to create a meals corridor — in partnership with Onset Hospitality.
The La Villita Meeting Corridor opened in 1958, in line with the press launch, and it hosts occasions all year long, together with the Evening in Previous San Antonio (NIOSA) throughout Fiesta San Antonio.
NIOSA makes use of the constructing for a few of its packages, together with the sauerkraut bend, and Fiesta organizers say they’re excited by the renovations.
“We’re so supportive of Escalera Capital’s latest restoration plans for the La Villita Meeting constructing,” stated Julie Terrill, NIOSA’s 2026 chair, in an announcement.
Terrill stated NIOSA has had an extended and treasured historical past with the constructing, however might have to seek out venues for a few of its Fiesta occasions.
Fiesta occasions are scheduled to run from April 16 to 26.
“We’re very assured and have an awesome relationship,” Terrill stated. “They’re working with NIOSA. If we can’t use the meeting constructing, we’ll make sure that the sauerkraut bend has a house elsewhere on the NIOSA grounds.”
La Villita tenants have struggled with surrounding building over the previous yr and has added occasions to herald prospects.
Onset Hospitality has labored on eating places and meals halls in New York Metropolis, Baltimore, Montreal and Washington, D.C.
“Guests can count on a various assortment of chef-driven distributors, a number of bars and a strong lineup of cultural programming, all reflecting the genuine, numerous and dynamic spirit of San Antonio,” learn the press launch.
Escalera Capital introduced the constructing from one other non-public fairness group, GrayStreet Capital, in March 2024, and actual property agency JLL introduced its plans to assist lease the property. GrayStreet had purchased the La Villita constructing from CPS Power in 2023.
Escalera Capital was cofounded by Bobby Magee and Charles Leddy. Leddy can also be concerned in a plan to construct a ferris wheel at St. Paul’s Sq.. He leads resort firm Presidian Hospitality.
The corporate’s assertion famous different deliberate developments in downtown San Antonio, together with Venture Marvel and its proposed basketball enviornment for the San Antonio Spurs, performed a job in its choice to create a meals corridor.
“As downtown San Antonio undergoes a outstanding renaissance with greater than $3.3 billion in private and non-private funding in housing, infrastructure, and sports activities venues, the Meeting Corridor is ready to embark on its most fun chapter but.”
