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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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Lone Star redevelopment plans focus on “striking a balance”

lone-star-site-plan

Lonestar Brewery site rendering.

The 35-acre Lone Star Brewery south of downtown San Antonio has been brought back to life several times since it was built in 1886. And the site’s current development team is hoping that this time around it won’t just bring activity back to the long-dormant property — but will also be a catalyst for the entire Southtown market.

A development partnership between Chattanooga, Tennessee-based CBL & Associates Properties Inc. and San Marcos’ Aqualand Development has unveiled extensive rehabilitation plans for an initial 32 acres that includes everything from office and entertainment to multifamily, hotel, retail, restaurant and communal spaces.

Southtown has been one of the leading neighborhoods in San Antonio’s urban revitalization, and has attracted a slew of out-of-town developers that are willing to invest in the fast-changing area. However, over the past few years, most — if not all — of that investment has been in Southtown’s growing multifamily market.

BY THE NUMBERS

Lone Star site plan to include a bit of everything:

$300 million — Redevelopment’s potential price tag

133,811 — Square feet of retail space

109,639 — Square feet of office space

69,579 — Square feet of entertainment space

2,004 — Parking spaces

704 — Residential units

135 — Hotel rooms

2017 — Summer groundbreaking

1883 — Year brewery was built

25.16 — Percentage of millennials within a 3-mile radius

Click here to read the full article: Lone Star redevelopment plans focus on “striking a balance” San Antonio Business Journal 8-19-2016

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