San Antonio District 1 City Councilman Roberto C. Treviño, County Judge Nelson Wolff, Precinct 4 County Commissioner Tommy Calvert and representatives from Alamo Manhattan and Harvey-Cleary Builders gathered Oct. 28 to break ground on the River North neighborhood’s newest mixed-use development. This is the Dallas-based developer’s first project in San Antonio and will be built by Harvey-Cleary. When completed in mid-2017, River Walk – the name of the mixed-use complex – will be the newest addition to the Museum Reach section of the River Walk. Located along Jones Avenue across from the San Antonio Museum of Art, the 191-unit residential community will offer 1,614 square feet of ground floor retail and two stories of underground parking.
The upscale apartment complex will have amenities such as an infinity-edge saltwater pool, fire pit and grilling area, a second courtyard a fire pit and lounge areas, high-tech fitness center, resident lounge with an attached VIP room, wireless internet for all community areas, bicycle storage, and bicycle repair equipment. Additionally, the project will feature a 2,100-square foot rooftop terrace with glass railings overlooking the downtown skyline and the River Walk, as well as outdoor amenity decks.
“The Alamo Manhattan River Walk groundbreaking is another great step forward for our urban core and our city,” Mayor Ivy Taylor said in a news release. “We are building the kind of city where more people want to live in the 21st century: environmentally friendly, adjacent to great public amenities like the River Walk and with convenient commercial space built in.” “I am proud to have the Alamo Manhattan River Walk project in District 1,” Treviño said. “It’s a great development that will enhance and add to the mix of residential offerings in the downtown area and advance our goal of making downtown everyone’s neighborhood.” The city of San Antonio will provide more than $4.4 million in incentives to the $40 million project as part of the Center City Housing Incentive Program to foster expansion of the River North neighborhood.
Bexar County will also provide more than $500,000 in tax incentives. The project reflects continuing growth in the River North neighborhood that was envisioned when the Midtown Tax Increment Financing Zone was created in late 2008. City and county officials have promoted River North and other surrounding neighborhoods on the rise as part of a greater effort to revitalize downtown through new mixed-income housing. Trevino said the mixed-income new housing, along with larger projects such as the Tobin Center for the Performing Arts, Travis Park improvements and planned San Pedro Creek upgrades, help to enhance walkability and connectivity in downtown.
“We want more urban living and density in downtown,” said Wade Johns, vice president of Alamo Manhattan. “This place we really feel is right (for the project).” All of these developments have also helped to improve public safety and the perception of downtown. “This was not a nice place to be in after dark,” said Calvert. “We’ve seen a tremendous turnaround in the downtown area in the last few years.”
The city has had a goal of developing at least 7,500 new such housing units in the downtown area. Thus far, more than 4,500 units have either been completed or are in the planning process. This represents a total private investment of $710 million by developers in the center core of the city, with $65 million in public incentives. “San Antonio is a fast-growing city with a big vision,” said Johns. “Our company has wanted to be here for awhile and we are thrilled to be working on a project in such a fantastic location on the River Walk. The city and county have been great to work with and they have provided incentives that help make a project like this a reality.”