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Houston Developer Starts Hotel/Condo Tower on the San Antonio River Walk

Thompson San Antonio Hotel and The Arts Residences will be developed on the San Antonio River Walk. Architecture is by Powers Brown.

SAN ANTONIO – DC Partners, a Houston firm led by Roberto Contreras, is developing the Thompson San Antonio Hotel and The Arts Residences, a $116 million hotel and condominium project on the River Walk in downtown San Antonio.

DC Partners has hired Jordan Foster Construction to build the 20-story tower, which will be constructed at the corner of North Saint Mary’s Street and Lexington Avenue, near the Tobin Center for Performing Arts.

DC Partners, which constructed several projects with the EB-5 visa program that attracts foreign investment, is developing the Marlowe condo tower in downtown Houston with Randall Davis. DC Partners is also developed a mixed-use project with a Thompson Hotel on Allen Parkway near downtown Houston.

The River Walk project is the first development in San Antonio for DC Partners. Teaming up with San Antonio-based Universal Service Group, the matchless development will create1,300 jobs and is slated to break ground this summer. Architecture is by Powers Brown.

Located in San Antonio’s performing arts district, the 337,000-SF mixed-use development will sit on what is now a .66-acre parking lot.

The development will include The Arts Residences’ 66 luxury condominiums atop San Antonio’s first Thompson Hotel.

Thompson Hotels, part of Two Roads Hospitality, has boutique lifestyle hotels and resorts in locations such as Manhattan, Chicago, Nashville, Seattle, Playa del Carmen and Los Cabos.

Denver-based Two Roads Hospitality is also developing the proposed Thompson Hotel on Allen Parkway at Gillette Street, adjacent to the Federal Reserve Bank building. Two Roads is a joint venture between Lowe Enterprises and Geolo Capital.

Maxwell Drever is also developing a 218-room Thompson Hotel in downtown Dallas as a redevelopment of the old First National Bank Building on a block bounded by Elm Street, Pacific Avenue, Akard Street and N. Field Street.

DC Partners’ portfolio consists of more than 1.5 million SF, with properties including office facilities, mixed-use centers, hospitality, multi-family, residential communities and luxury high-rise condominiums. Its other   condominium projects include the Cosmopolitan, Astoria, Arabella, and Chateau Ten.

July 17, 2017 Realty News Report Copyright 2017



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