Leasing Opportunity for Historic Property

Pereida House

Highlights:

  • Interior: 660 square feet of recently renovated historic structure plus 350 sf of shared space
  • Exterior: 275 square feet of dedicated porch space and 100 sf of shared patio area facing the promenade
  • Restored wood floors, windows and doors
  • Access to both S Alamo Street and park amenities in Yanaguana Garden

For more information click link below to download the complete RFI.

Leasing Opportunity for Pereida House

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Leasing Opportunity for Historic Property

Schultze House

Highlights:

  • Interior: Brand new, fully-restored 800 square feet on second floor
  • Polished concrete floors
  • One full bathroom with shower
  • Large glass windows on all four exterior walls
  • Entrance located in high-traffic area along E Nueva Street

For more information click link below to download the complete RFI.

Leasing Opportunity for Schultze House

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FREQUENTLY ASKED QUESTIONS (FAQ)

Are applicants to the previous RFI allowed to respond to this RFI?

Yes

Can I visit/tour now?

Yes. Tours can be arranged with Hemisfair staff by emailing terry.garcia@hemisfair.org. Please allow 3-5 business days notice.

When will the buildings be ready for occupancy? How soon does the lease start?

Tenants will be selected in October 2018. At that time the houses will be ready for tenants to begin interior improvements and build out, specific to their needs. Hemisfair intends to have businesses in operation by January 2019.

What can we expect lease structures to look like on these properties? How much is rent?

Hemisfair wishes to create financial and programmatic benefit for all. For this purpose, rent will be based on a percentage of gross revenue or a flat rate, to be negotiated through the selection process. Both methods of rent payment contribute directly to the maintenance and improvement of public parks at Hemisfair. As the parks drive business to tenants, tenants succeed and the parks benefit. This structure is also helpful to startup businesses who don’t have to worry about paying rent during build-out and ramp-up periods.

What tenant improvement allowance does Hemisfair offer?

Hemisfair has renovated the homes, including foundations, exterior repair, roofing, electric and air conditioning systems. Homes will be delivered to tenants in a “white box” condition (i.e. ready to finish out, but with no tenant-specific improvements). Tenants are expected to pay for capital improvements to the properties. Contributions from a tenant towards improvement of the property may translate to a more advantageous lease structure and concession package, to be determined during lease negotiations.

What concessions are offered?

While Hemisfair cannot provide a TI allowance, flexibility exists in lease terms, including rent.

What is the term of leases?

The length of the leases has not been determined and will be similarly negotiated based on multiple factors. Most leases to-date have been structured as a three (3) year term with extensions.

Where will tenants’ staff park?

Parking will be made available through monthly passes at current and future Hemisfair parking facilities.

What’s the construction plan for South Alamo Street?

The redevelopment of South Alamo Street as a “complete street” includes curbless sidewalks, trees and pedestrian and bicycle-friendly streets. The current timeline for South Alamo Street construction is 2019-2021.

What’s the timeline for the P3 at the southwest quadrant, now named The ‘68?

The ‘68 will bring 151 new residential units, 5,000 SF of ground-floor restaurant space and 238 public parking spaces in a garage. The project is scheduled for completion in mid-2019.

How will tenants handle trash pickup? Is there a CAM? Is this a NNN lease?

Hemisfair will provide service yards for tenants, which will include dumpsters. Hemisfair will maintain and oversee contracts for trash, grounds management and auxiliary services. Hemisfair will divide Common Area Maintenance (CAM) expenses between tenants based on usage. Leases would generally be described as NN, as there are no property taxes and Hemisfair/City are responsible for the building structure. Tenants are responsible for ongoing services and expenses such as water, electric, gas, some insurance, and CAM.

What other requirements are there (insurance, liability, etc.)?

Standard requirements for permitting, insurance and liability will be in accordance with City of San Antonio requirements. Those requirements are available from Hemisfair upon request.

On what criteria are you judging respondents to this RFI?

Successful respondents will showcase an understanding of the redevelopment effort at Hemisfair and an enthusiasm for becoming part of a park-tenant ecosystem. Respondents should demonstrate a history of success with starting, owning and/or operating businesses, and that they have access to sufficient capital to invest in necessary improvements to the structures.

Who is selecting the tenants?

HPARC board and staff will determine with which tenants to enter into negotiations.

Where will patrons of these new businesses park?

Solving the challenge of parking at and around Hemisfair is a long-term goal that HPARC is vigorously working towards solving. HPARC opened two surface public parking lots, one off South Alamo Street just north of the Magik Theatre and another catty corner to the OK Bar on Martinez Street. These two lots add 110 parking spaces. The first P3 development will add a 238 space public parking garage. Future phases near Civic and Tower Parks will add thousands more public parking spaces in the years to come.

Are there any restrictions on the use of the home? Type of tenants or their improvements?

Any improvements to the structures must conform to both Hemisfair Design Standards and Texas Historic Commission guidelines. Alterations to the exteriors are subject to the approval of Historic Design Review Commission. Tenants of the historic properties at Hemisfair must ensure that their business acts as a park activator, encouraging visitation to the parks and adding to visitors’ experience of the district. Business must be open to the pubic (e.g. not offices, private clubs, residences, etc.).

What about TABC? Will Hemisfair allow alcohol to be sold by tenants?

Hemisfair is one of the few City parks that allow for open consumption of alcohol, in non-glass containers. Yanaguana Garden is intended to offer its visitors a family-friendly environment that is also compatible with the responsible consumption of alcoholic beverages. Hemisfair authorizes tenants to hold a TABC wine and beer retailers permit, to sell for consumption on or off the premises per the Texas Alcoholic Beverage Code. TABC-issued mixed beverage permits for sales or consumption of mixed alcoholic beverages is not permitted at Yanaguana Garden. Given Hemisfair’s unique interests in promoting a family friendly environment in Yanaguana Garden, such policies and procedures may exceed those required under state law or TABC licensing.

What are the key benefits to businesses that might be interested in these properties?

First, there is the historical significance of the properties. These buildings represent examples of uncommonly beautiful late-19th century architecture in San Antonio and a recreated structure from the 1968 World’s Fair. Second, tenants to these homes will experience built-in traffic: Yanaguana Garden currently has more than 11,000 visitors a week, and several thousand per day will attend special events. Attendance numbers and park penetration will only continue to increase as future phases are completed. This market represents a wide demographic, primarily locals, but also many visitors from around the world visiting for conventions and tourism. Finally, the adjacency to the parks themselves is a wonderful backdrop for any business, a unique and charming setting.

Can we extend the deadline for submissions?

At this time Hemisfair is asking that tenant submissions be turned in no later than September 24th, 2018.

Please do not be intimidated by the level of detail requested in the RFI, we ask that you submit as complete a package as possible before the due date. If additional information is required, our team will request it prior to potential tenant interviews. We are excited to learn about your individual business ideas and their fit within Hemisfair.