Developers unveil plans for a 3.4-acre shopping destination featuring luxury brands, aiming to capitalize on the success of the Pearl.
The owners of a plot of land on Broadway Street , long vacant in one of San Antonio ’s fastest-growing corridors, recently revealed their plans for a required review by the city’s Historic and Design Review Commission (HDRC). Renderings show a dense 3.4-acre shopping mecca of luxury brands that the developers are calling Broadway East San Antonio (BESA), a counterpart to the dining-centric development at the former brewery.
Benjamin Dreszer, president and partner of Fulcrum Development, expressed enthusiasm for the project, citing Silver Ventures’ success in developing the Pearl. According to Dreszer, national and regional tenants are keen to be near the Pearl due to the positive impact the development has had on the city. The project would be built on a block of individual parcels bounded by Broadway Street to the west, Casa Blanca Street to the south, North Alamo Street to the east and the 1800 Broadway apartments to the north. Besa Land Partners, a foreign limited liability company registered by San Antonio-based real estate developers, Fulcrum Development, owns the parcel. GrayStreet Partners is listed among the partners working on the project. The firm’s general manager Kevin Covey did not respond to a request for comment. GrayStreet had previously planned to build a 23-acre mixed-use community at the site but put the land back on the market during the COVID-19 pandemic. The firm then sold a significant portion of the land to Fulcrum. Dreszer attributed other delays to inflation, high interest rates, and environmental clean-up from the prior uses of the land. Documents submitted by the partnership to the Office of Historic Preservation for conceptual approval by HDRC on Jan..
San Antonio Real Estate Development Luxury Shopping Broadway Street
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