A leader of the group that owns the Missions minor league team detailed plans for the $1 billion development around the downtown ballpark.
A plan for $1 billion worth of private development around a new stadium for the Missions would add upwards of 1,500 apartments, drastically increasing the supply of downtown housing at the same time it removes the 381-unit Soap Factory Apartments , a rare affordable complex. A hotel, parking and space for restaurants and stores are also part of the proposal from San Antonio developer Weston Urban .
Development around Missions stadium would replace affordable Soap Factory complex, a rarity downtown The firm’s projects are tied to financing for the $160 million stadium, which would be paid for primarily with tax revenue generated by the new development.
Kicking the community out’: Proposal for Missions ballpark development draws criticism, concern Excluding Weston Urban’s current and future development and the Soap Factory complex, there are nearly 6,000 apartments built or under construction inside Interstate 10, according to CoStar. The firm’s projects, should all of them come to fruition, would expand that inventory by about 36%. But the Soap Factory Apartments would disappear.
Almost half of San Antonio landlords offering deals to attract renters amid glut of new units Attracting institutional investors such as pension funds and endowments is also tough, because they are usually most comfortable putting their money into bigger cities where more has been built, Smith said. Many of Weston Urban’s equity partners had not previously invested in projects in San Antonio. “We need the country to see San Antonio as a viable investment market.
University Of Texas At San Antonio COPS/Metro City Council RELATED: Development Around Missions Stadium Missions Commerce School Randy Smith Missions Pearl San Antonio Soap Factory Apartments San Pedro Creek Culture Park Soap Factory Interstate 10 Christus Children's Hospital Main Ave. Laredo Houston Street Frost Tower Missions Costar Soap Factory Proposal For Missions Ballpark Building Brighter Communities Dolorosa Data Science Double-A Missions
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