New downtown district could spur more urban redevelopment, San Antonio leaders say

San Antonio leaders are attempting to create a new Downtown National Register District. If they are successful, the payoff for prospective developers would be greater access to critical tax credits, which stakeholders expect will lead to increased redevelopment in the center city.

San Antonio’s Office of Historic Preservation contracted with Main Street Architects in June to help expand the range of historic downtown structures that could be considered eligible for state and federal tax credits. That effort has resulted in a proposed district, which could be approved by the Texas Historic Commission next year.

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San Antonio outpaces Austin, Houston in millennial gains

Think more young people are moving to Austin than San Antonio? Think again.

For the first time in, well, forever, the rate of millennials moving to San Antonio has edged out the hip Texas metro. According to a Bloomberg report, San Antonio had nearly a 30 percent jump in its millennial population between 2000 and 2013. Austin came in just a bit lower, with a 28 percent rise.

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1 million square feet of office, multifamily, retail projects lined up at The Domain

The Domain continues to draw new development — almost as much as downtown Austin, which is undergoing its own unprecedented construction activity.

Projects at The Domain in North Austin near Braker Lane and North MoPac Expressway range from a four-story Restoration Hardware store to an 11-story, 300,000-square-foot office building to an upscale multifamily development.

Read More Here on the Austin Business Journal 

Another downtown Austin site to go vertical; office, shops and parking planned

Brandywine Realty Trust, a big East Coast real estate company, continues to nab market share in Austin and has a downtown development on the drawing board.

An office, parking and retail structure is in play at 405 Colorado St., just south of the Frank hot dog restaurant. The company has issued a request for proposals to engineering companies, according to sources. The site is one of the few remaining surface parking lots downtown.

Read More Here on the Austin Business Journal 

Skyline scraper: New high-rise condo tower will be Austin’s tallest building

The tallest residential building west of the Mississippi River may soon rise above Austin’s skyline, as developers have laid out the specifics for a 685-foot, 58-story condominium tower downtown.

Developers envision the $300 million project, dubbed the Independent, as a gleaming, white Jenga-like tower at the northeast corner of West Third Street and West Avenue.

Read More Here on the Austin Business Journal

Six mixed-use River Walk sites up for bid, attracting developers worldwide

Six mixed-use lots on prime River Walk real estate have been put up to auction in what could be the biggest downtown real estate deal in years, if not decades.

The lots span across six acres of land between Lexington Avenue and West Martin Street on the river, and have been marketed by KMD Studley as potential office, hospitality, entertainment, multifamily, retail and parking developments.

Read More Here on the San Antonio Business Journal