SAN ANTONIO, Texas – Houston-based DC Partners will break ground Jan. 30 on the Thompson San Antonio Hotel and The Arts Residences, a $116 million hotel and condominium EB 5 project on the River Walk in downtown San Antonio.
Located in the epicenter of San Antonio’s performing arts district, the 337,000-SF mixed-use development encompasses The Arts Residences condominiums atop San Antonio’s first Thompson Hotel.
Emilio Guzmán, chief of investor relations and executive vice president of DC Partners, wrote about the project in August 2017 in a guest column for the Rio Grande Guardian.
“As we see it, smart, forward-thinking investment in downtown San Antonio real estate is a non-zero-sum game; it is mutually beneficial to everyone involved,” Guzmán wrote.
“DC Partners is bullish on San Antonio, and with good reason. It is a dynamic city with the kind of robust, diverse economy that signals enduring growth and prosperity. San Antonio’s thriving business community boasts the headquarters of two Fortune Global 500 firms and seven Fortune 1000 companies. Its city government is focused on attracting and growing businesses that foster innovation and lure talent in key industries that complement the region’s strengths—aerospace, biosciences and health care, defense, energy, information technology and cybersecurity, and manufacturing.”
Guzmán said 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.
Developed by DC Partners and San Antonio-based Universal Service Group, and designed by Powers Brown Architecture, the project is scheduled to be completed in 2019. The Arts Residences at the Thompson San Antonio is marketed by Kuper Sotheby’s International Realty.
DC Partners has developed several EB5 projects, which enables foreign real estate investors to obtain visas. The firm has developed several condo projects in partnership with Randall Davis of Houston.
DC Partners’ portfolio consists of more than 1.5 million square-feet, with properties including office facilities, mixed-use centers, hospitality, multi-family, residential communities and high-rise condominiums. Among its most recent luxury condominium projects are the Cosmopolitan, Astoria, Arabella, Marlowe and Chateau Ten.
Editor’s Note: Full disclosure: Rio Grande Guardian publisher Mark Hanna is South Texas representative for Houston EB5. He can be reached at (956) 821-8001.