Thursday , 29 September 2016
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First New Office Tower Since 1989 Announced for Downtown San Antonio

A new office tower will be added to the San Antonio skyline.

A new office tower will be added to the San Antonio skyline.

SAN ANTONIO – A 400,000-square-foot office building anchored by the headquarters of Frost Bank will be constructed in downtown San Antonio – the new downtown office tower since 1989.

The project is part of a multi-layered deal involving developer Weston Urban, Frost Bank and the City of San Antonio.

Weston Urban will develop a new building catty-cornered from the existing Frost Bank building, 100 W. Houston Street. Frost will occupy 250,000 square feet in the new tower.

The City of San Antonio will buy the existing Frost Building for municipal use.

In another leg of the deal, Weston Urban will purchase several smaller downtown buildings from the city with the commitment to develop 265 residential units.

“As mayor, I couldn’t be more thrilled about this Public Private Partnership with Weston Urban and Frost,” Mayor Ivy Taylor said. “In addition to providing valuable downtown housing, it will enable the City to consolidate operations into City-owned buildings downtown. The economic impact is huge – in addition to the new tower and housing, it will provide much needed retail opportunities along our two major retail corridors, West Commerce and Houston streets.”

“Frost has been an integral part of downtown San Antonio since our company first opened its doors on Main Plaza nearly 150 years ago,” said Dick Evans, Frost chairman and CEO. “As a long-time supporter of downtown initiatives, Frost is committed to the continued growth of San Antonio’s urban core. We are very pleased to see this project moving forward, as it will allow us to maintain our corporate headquarters downtown in an iconic new skyscraper, where we will be the named tenant.”

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