San Antonio: GrayStreet Partners puts Pieces Together for Government Hill Development
Texas Construction News from Virtual Builders Exchange
Posted: 2-5-2018, 1:40 p.m.
by Adolfo Pesquera
San Antonio (Bexar County) – GrayStreet Partners is requesting zoning for a portion of a large development adjacent to the Pearl district.
On the Tuesday, February 6 agenda of the Zoning Commission, San Antonio-based GrayStreet has a pending zoning request for several lots at the northwest corner of Broadway and Newell Avenue, the site of a former car wash.
The request proposes to change the site from Infill Development Zone (IDZ) on the Broadway Urban Corridor with General Industrial use to an IDZ allowing mixed-use development, including multifamily as apartments or condominiums “not to exceed 100 units per acre.”
The site is almost an acre, 0.957 acres to be exact. The applicant is Graystreet 1611 Broadway LP, a holding of GrayStreet Partners. The property owners are Graystreet 1611 Broadway LP and Reynaldo Diaz Jr.
The site plan for Broadway East in the GrayStreet Partners development of the Broadway corridor. Courtesy of GrayStreet Partners.
Allowed uses requested include live-work units, a bar or nightclub, brewery, a hotel building with a height of more than 35 feets, an outdoor live entertainment venue, and food service establishments.
GrayStreet unveiled plans in June 2017 to redevelopment 23 acres when the company purchased properties from the San Antonio Independent School District. The scope of its development plans is not limited to the SAISD properties, which account for just 14 acres.
Other parcels have been purchased and still others are under contract.
Bexar County land records indicate the properties in pink are owned by GrayStreet Partners. Photo courtesy of Google Maps.
GrayStreet wants to realize a mixed-use development slightly larger in size than the Pearl district that is west of Broadway and north of the US 281/I-35 interchange.
Managing partner Kevin Covey has said it would include about 300,000 square feet of office, a boutique hotel, an undertimed number of apartment units, about 100,000 square feet of, retail, restaurants and entertainment.
Buildings to attain heights of up to eight stories where they front Broadway, but would scale down on land east of Broadway. The residents in the Government Hill Alliance will have input into the design of the master plan.
Last July, the Zoning Commission agreed to rezone most of the GrayStreet property holdings in Government Hill. Tomorrow’s agenda item is an extension of the same project, but the lot nearest the Pearl development.
GrayStreet estimates the development will require about 10 years to mature. That is a time scale similar to what was required to redevelop the old Pearl Brewery.
GrayStreet Partners November 2017 Acquisition Announcement:
GrayStreet Partners acquired the Austin Street Bus Depot Complex from the San Antonio Independent School District. The Austin Street Complex is the area roughly bounded by N. Alamo Street to the west, E. Grayson Street to the north, and Casa Blanca Street to the south.
With this purchase, GrayStreet expands its holdings on the Broadway Corridor area to roughly 23 acres, allowing for significant development that can further cement the area’s position as a vibrant and premier destination for residents and visitors.
GrayStreet’s long-term vision is for a mixed-use development that provides an array of options for San Antonio’s next generation of Live-Work-Play offerings, with office buildings, residential housing, as well as retail, entertainment, and culinary offerings.
The GrayStreet Partners properties are shown in dark pink. One lot north of Grayson and Alamo is not visible.
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.