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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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SAISD Sells Southtown Land to Pearl Developer

Courtesy Google Maps

Courtesy Google Maps

Broadway SA Investors GP, which developed the Pearl complex, will buy 4.74 acres south of downtown from the San Antonio Independent School District in a $14.5 million deal recently approved by the school board.

Silver Ventures plans to build small-scale residential properties on the parcel at the corner of Lavaca and Matagorda streets and a multi-use development at the eastern corner of East César E. Chávez Boulevard and South Alamo Street.

The firm plans to preserve and restore the historic buildings on the site, Shown said. One is an Italianate-style building at 141 Lavaca St., which was a fire house and stable before being converted in 1878 into a school, SAISD spokeswoman Leslie Price said.

The SAISD communications offices are in a house built around 1890, which once had its own Matagorda Street address. The contract with Broadway SA allows SAISD to lease the land for $100 per year for up to 28 months while it relocates to a consolidated central office.

Click here to read the full article: SAISD sells Southtown land to Pearl developer for $14.5 million (San Antonio Express News, 2/21/18)

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