UTSA to buy major office building amid downtown San Antonio expansion

UTSA News

UTSA to buy major office building amid downtown San Antonio expansion
USAAPatrinely GroupArizona State University
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The University of Texas at San Antonio is set to purchase a nearly 265,000-square-foot office building in downtown San Antonio.

The University of Texas at San Antonio is set to buy a prominent office building downtown, expanding the university’s footprint as part of its effort to fill the city center with thousands of students and employees in the coming years — an ambitious endeavor that could transform the tourist-centric urban core into something closer to a neighborhood.

has brought several thousand students to the area — and has more than doubled its downtown real-estate holdings over the past five years. Its properties includes its campus west of downtown; its Southwest campus near Central Library; San Pedro I, a $91.

’s proposed purchase of the 18-story building comes at a punishing time for the downtown office market. Owners have been hammered by declining demand for space, plunging property values and high interest rates in the wake of the pandemic. will seek proposals for developing the 13½-acre site the museum has occupied at 801 E. César E. Chávez Blvd., where the Spurs are eyeing constructing an arena. Building plans

plans to begin hashing out plans for its academic and research programs as well as housing, dining and recreation options primarily at the university’s downtown properties, although its Main Campus on the far North Side would be included, too, Green said. She said she has already talked to developers — including downtown firm Weston Urban — about housing for the influx of students and employees

sell its downtown holdings to another higher ed institution because “it didn’t really seem like there was any real effort afoot to do the hard work to unlock its potential,” Weston said in an interview in 2021. Weston had visited Cornell Tech on New York City’s Roosevelt Island and was enamored with its programs. Weston met with

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USAA Patrinely Group Arizona State University Graystreet Partners School Of Data Science National Security Collaboration Center Southwest UT System Board Of Regents Institute Of Texan Cultures Cornell Tech Weston Urban Spurs Corrina Green Green Heather Shipley Graham Weston San Pedro I Taylor Eighmy San Pedro II Randy Smith San Antonio Phoenix 801 E. César E. Chávez Blvd. 700 N. St. Mary's St. Weston Southwest Campus Central Library USAA Real Estate Co. Alamo Hemisfair New York City Roosevelt Island Bexar County 300 Main Avenue Main Campus North Side Affinius Capital One Riverwalk Place

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