Downtown San Antonio River Walk Properties Up for Sale

In downtown San Antonio, two River Walk properties planned for apartment development are now on the market. Previously acquired by Roanoke-based Newstream Capital Partners, these sites offer significant development potential near key city landmarks. Despite ambitious plans for luxury residential buildings, development stalled, leading to the current sale listing.

Downtown San Antonio River Walk Properties Listed for Sale

Overview of the Properties

Two prime real estate spots along the San Antonio River Walk are now on the market. These properties at 112-120 Villita St. and 126 Villita St., once destined for apartment complexes, cover approximately 0.8 acres and include a parking lot and a vacant building.

Location and Potential

The properties boast proximity to several key attractions and business hubs in San Antonio. These include Hemisfair, the Henry B. González Convention Center, La Villita Historic Village, and the iconic Alamo. The potential for development also extends to commercial interests near the H-E-B headquarters and a possible new arena for the San Antonio Spurs.

Real Estate Value and History

The combined value of these properties is assessed at $7.5 million by the Bexar Appraisal District. Previously owned by Dallas-based JMJ Development, the sites were envisioned to host a mixture of luxury residential units and commercial spaces. Plans included a 30-story luxury building with upscale amenities, which was never realized due to financial and legal complications involving the former owner.

Current Status and Future Prospects

After acquiring the properties in 2021, Newstream Capital Partners is now seeking buyers. Their vision includes a luxury 24-story building featuring apartments, a fitness center, a rooftop pool, a restaurant, and retail spaces. This vision aligns with previous plans that aimed to enhance the downtown living experience and boost local commerce.

Conclusion

As these prime locations become available, they represent a significant opportunity for development in a thriving area of San Antonio. Potential investors and developers are encouraged to consider the strategic value of these properties, which promise to play a pivotal role in the city’s urban development.

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