SAN ANTONIO — City council could decide Thursday to approve a major development at Hemisfair Park – a nine-acre park and a plaza surrounded by apartments, a hotel and office space.
The area is located off South Alamo and East Market streets on the site of the recently-demolished convention center.
Andres Andujar, CEO of the Hemisfair Park Area Redevelopment Corp., said the project is part of a broader effort to revamp the area around the Tower of the Americas.
“After 50 years of waiting and five years of planning, things are happening in a big way at Hemisfair,” he said.
Zachry Hospitality is the developer, and according to a note attached to the Thursday agenda, the “proposed $200 million development includes 385 housing units (10% dedicated to workforce housing), 50,000-70,000 square feet of retail, 60,000-120,000 square feet of office space, 200 hotel rooms, and up to 800 public parking space.”
The park, known as Civic Park, is expected to open in 2020, and construction on the surrounding area should be complete in 2021, but first, city leaders must approve the plan.
The first project to be completed at Hemisfair is the Yanaguana Garden and Playground, which opened in 2015. Andujar said 86 percent of last year’s visitors were local.
Another development next to the playground – this one,already approved by city leaders – is Acequia Lofts, which is expected to be complete in late 2018.
AREA Real Estate is the developer of the eight-story,151-unit building. The company says it will include 3,200 square feet of space for stores and restaurants on the ground floor and a parking garage with 409 parking spots, of which 238 will be public.
The city owns the land, and Andujar said the public-private partnerships include payments to the city that will fund park maintenance and development.
Michael Locklear, NEWS4 San Antonio