San Antonio - The Real Deal

Bexar County pitches $450M venue tax to fund Spurs arena

TRD Staff — Thu, 22 May 2025 19:00:00 +0000

A venue tax could be the next play in San Antonio’s high-stakes arena game. Bexar County officials are weighing a potential referendum to raise $450 million to support the city’s push for a new downtown arena for the San Antonio Spurs, the San Antonio Business Journal reported. Creating the countywide venue tax would require voter […]

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San Antonio taps $2B state tax funds for Spurs arena district

TRD Staff — Fri, 16 May 2025 20:00:00 +0000

The San Antonio City Council approved a major step toward funding the proposed downtown arena for the Spurs, tapping a state mechanism that could funnel billions into a broader sports and entertainment district. The council dissolved a previous Project Finance Zone and established a new one that allows the city to reap up to $2 […]

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River Walk hotel hits market for $21M with tax incentives in place

TRD Staff — Thu, 08 May 2025 17:12:14 +0000

A boutique hotel with tax credits in hand is up for grabs on the San Antonio River Walk. The 129-room Riverwalk Plaza Hotel is up for sale at $20.75 million, the San Antonio Business Journal reported. The price is about $160,850 per key. The seller, Warwick Prestige Hotels, is tied to Austin-based investor Ifran Valla, […]

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Lennar wins taxing district for massive Southwest Side subdivision

TRD Staff — Wed, 30 Apr 2025 18:30:00 +0000

Lennar is moving forward with one of the largest single-family housing projects in southwest Bexar County to date, setting the stage for a major residential expansion in one of San Antonio’s fastest-growing corridors. The Miami-based homebuilder secured approval from Bexar County commissioners for a public improvement district to fund infrastructure for a 770-home subdivision near […]

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Historic property faces foreclosure after resi conversion

Jess Hardin — Thu, 24 Apr 2025 19:30:00 +0000

DJE Texas Management Group is facing foreclosure after allegedly defaulting on a loan related to an office-to-residential conversion the firm completed last year. The San Antonio-based multifamily investor defaulted on an $18.25 million mortgage associated with the building, according to Roddy’s Foreclosure Listing Service. UC Lending provided the loan in 2020, the notice said. If […]

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Spurs arena megadevelopment moves forward with judge’s ruling

TRD Staff — Wed, 16 Apr 2025 19:25:19 +0000

Momentum is building for one of downtown San Antonio’s boldest redevelopment efforts, even if it means leaving part of the city’s past behind. A state district judge has dismissed a lawsuit seeking to protect the former Institute of Texan Cultures building in downtown San Antonio, removing a key legal obstacle for a city-backed redevelopment plan […]

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Missions ballpark bond plan to spur $1B entertainment district

TRD Staff — Fri, 11 Apr 2025 18:45:55 +0000

San Antonio has taken a major step toward bringing minor league baseball downtown and potentially unlocking a billion-dollar wave of development. City Council this week approved the creation of the San Pedro Creek Development Authority, a public entity that will own the proposed $160 million, 8,000-seat stadium and help finance its construction, the San Antonio […]

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Koontz apartment project bets on oversupplied market to swing

TRD Staff — Mon, 07 Apr 2025 21:30:07 +0000

Koontz Corporation is pushing ahead with an apartment development in North San Antonio, betting that high-end retail, affluent neighbors and future road upgrades will offset softness in the multifamily market. The local developer plans to build 305 units in a development called the Elle Apartment Homes, slated for a nearly 10-acre site at Loop 1604 […]

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Lender blasts Blueprint affiliate in hotel conversion case

TRD Staff — Fri, 28 Mar 2025 21:43:52 +0000

The lender behind a troubled conversion in downtown San Antonio is asking a bankruptcy judge to take the project out of the owner’s hands, citing mounting debt, mold damage and “a pipe dream” of a business plan, the San Antonio Express-News reported. Riverwalk Reposition Partners, an LLC that holds a $14.4 million note on 145 […]

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Trump’s DOGE lists San Antonio building targeted for Spurs Arena plans

TRD Staff — Wed, 26 Mar 2025 20:00:00 +0000

A federal office building’s listing in downtown San Antonio created an opening for city officials to advance their vision for a major new sports and entertainment district. The plans offer a hopeful glimpse of what could become of dozens of federal properties recently marked for disposition nationwide. The 163,060-square-foot building at 727 East César E. […]

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