The money SAISD receives from the sale will go toward the construction of a consolidated central office facility. The agreement that the trustees approved allows SAISD to continue using the properties for as long as 28 months from the closing date, with a annual rent payment of $100. “It was financially, the most money, the largest bid, but also it is a group of people that have a good reputation for dealing with community and neighbors and restoring and maintaining historic structures,” she said. SAISD Board President Patti Radle said there were a number of reasons why Broadway SA Investors’ offer was the most attractive. Related: SAISD’s Proposed Land Sales See Strong Response On the other, larger lot zoned for office use, Broadway SA Investors said it expects to build a multipurpose development at the corner of Cesar Chavez Boulevard and Alamo Street and wants to create a special entrance to the Southtown neighborhood. Broadway SA Investors said it would either develop homes on this lot to fit the neighborhood or partner with or sell to a home developer to do the same. One lot being sold is zoned for residential use. SAISD sold the property to Pearl developer Silver Ventures. SAISD shares this large parking lot with adjacent restaurant Battalion. In its interview with SAISD, Broadway SA Investors said it expects to restore both historic buildings on the property to fit the neighborhood and whatever project is developed, according to district documents. Your donation during our spring member drive helps power our public service journalism. Greystar is a real estate developer that has focused on multifamily developments in the past and York is a partner of Aspen Heights, which has primarily constructed student housing.ĭid you know that the San Antonio Report is a nonprofit newsroom? Other bids were submitted by Greystar Acquisitions for $14.1 million, York Acquisitions for $13 million, PPC Land Ventures for $9.1 million, and LG Acquisitions for $6.2 million. Both tracts, across the street from Hemisfair’s Yanaguana Garden also have historic zoning requirements. The second contains 3.95 acres and is zoned for office use. One tract contains 0.79 acres and is zoned for residential-mixed use. The four tracts of land being sold are located at 620 Matagorda St., 211 Lavaca St., 215 Lavaca St., and 141 Lavaca St., and are grouped into two lots with two different zoning designations. “We just see it as a great gateway into Southtown and King William.” Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.Ĭopyright 2023 Central Texas MLS, All Rights Reserved.“We have no idea, and that is an honest answer,” he told the Rivard Report.
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