San Antonio: GrayStreet Partners Add Piece to Broadway Corridor Plans
Feature Photo (above): GrayStreet Partners added a NAPA Auto Parts property to its redevelopment plans along the Broadway corridor. Image: Google Streets.
UPDATE: 7-3-2019 — The San Antonio Zoning Commission recommended approval of the requested zoning change at its July 2 meeting, without discussion. This consolidates the zoning of a recent land acquisition with other properties in the neighborhood that GrayStreet Partners intends to redevelop as residential, hotel and entertainment venues.
by Adolfo Pesquera
San Antonio (Bexar County) — GrayStreet Partners have added another piece of land to an already impressive accumulation of properties in their Broadway corridor development.
According to Bexar County land records, GrayStreet participated in the recording of a transaction Feb. 12, 2019 to acquire a NAPA Auto Parts property at 1808 N. Alamo Street through a special purpose entity–Yoffie Partners LLC.
The acquisition partners of record are Paul Covey, a GrayStreet principal, and Dr. Mauricio Marcushamer, a local pediatric dentist.
The NAPA Auto Parts property is being cobbled together with an adjacent 1.24-acre property, 1810 N. Alamo St., that GrayStreet acquired in 2017 as part of a much greater land purchase; the majority of properties acquired in 2017–about 23 acres in all–came from the San Antonio Independent School District and were reported by VBX Feb. 5, 2018.
Bexar County land records indicate the properties in pink are owned by GrayStreet Partners. The NAPA Auto Parts store owned by Genuine Parts Company (slate gray building center right) was acquired February 2019. Photo courtesy of Google Maps.
Since that time, GrayStreet has begun constructing a 20-story hotel-office tower on a tract nearest to the Pearl Brewery district, 1603 Broadway. Although ground has not yet broken, an October 2018 filing with TDLR indicates construction documents have been completed. The architect, Gensler, estimates the structure will take 25 months to build to completion sometime in 2021, at a cost of $67 million.
The latest acquisition becomes part of a 1.652-acre site that GrayStreet is bringing before the Zoning Commission tomorrow, July 2. The developer had previously sought Infill Development Zone for other properties the company acquired in the area and their intentions are to get the same land use permissions here.
The specified uses include RM-4 (residential at four units/acre), multifamily not to exceed 100 units/acre, live-work units, bar and nightclub uses, brewery manufacturing for a microbrewery, hotel building not to exceed 35 feet in height, and live outdoor entertainment.
Development Services staff favor the rezoning, which will eliminate a general industrial overlay district: “The existing General Industrial base zoning is not an appropriate zoning district for the surrounding area.”
The former SAISD property adjacent to the NAPA Auto Parts was a school district fleet vehicle maintenance and parking facility. As with everything related to the Broadway corridor, city staff is backing projects that will bring more mixed-use retail with high density housing.
Staff also noted the zoning request includes an intention to demolish buildings.
“To date, no application for demolition … has been submitted for review to the Office of Historic Preservation.”
Project site for rezoning request. Map by Big Red Dog for Yoffie Partners LLC.
Adolfo Pesquera (Reporter/Editor) is a veteran news journalist. He has worked for Hearst Corp., American Lawyer Media, News Corp and Freedom Communications. His work has been published in newspapers and magazines across the USA. He is a journalism graduate of UT-RGV. He writes, edits and creates digital pages for VBX.