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

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GrayStreet proposes 20-story hotel and office tower next to the Pearl

Courtesy GrayStreet Partners

Courtesy GrayStreet Partners

Downtown developer GrayStreet Partners has proposed a 20-story hotel and office tower on Broadway that would exceed zoning regulations intended to protect the San Antonio River and would tower over nearby buildings at the Pearl. The 260-foot-tall tower at Broadway and Newell Avenue would be the tallest building along the booming lower Broadway corridor where developers are planning to construct several large-scale projects as the city rehabilitates the thoroughfare with $42 million from a city $850 million bond program that voters approved last year.

 Pearl developer Silver Ventures is constructing a new 10-story headquarters for local credit union Credit Human near GrayStreet’s site.

GrayStreet’s tower would be significantly taller than the seven-story Hotel Emma that opened at the Pearl in 2015. The city’s Historic and Design Review Commission will review GrayStreet’s project for initial approval Wednesday. GrayStreet will have to return to the commission at a future meeting for final approval.

GrayStreet’s tower would include 10 stories of “hospitality space,” four stories of offices, three stories of parking and retail shops on the ground floor, according to the agenda. The tower would be more than twice the maximum height allowed for new construction in the River Improvement Overlay zoning district, where it would be located. The district was set up to manage development along the river, making sure that buildings aren’t too high and don’t block the sun too much by restricting them to 10 stories or 120 feet. City staff has determined that the tower wouldn’t cast harmful shadows over the river, according to the agenda.

Click here to read the full article: GrayStreet proposes 20-story hotel and office tower next to the Pearl (San Antonio Express News, 3/19/18)

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