Quote:
Originally Posted by jaga185
Yeah it's been pretty quiet lately on here. Nothing major has been announced and nothing else has broken ground yet.
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Yep. I am doing my best at patiently (and hopefully) waiting for a (major) announcement.
Just not sure if CBD San Antonio is ripe for urban, vertical development (yet). We're getting passed up be several cities (in terms of average CBD building height).
Dallas is hot; Houston is warm; and we all know what Austin is (with two additional 30+ buildings moving forward this week in their entitlement process)...
There is a delicate symbiosis between office, residential and retail in CBDs around the country (leading to development booms - and overall mass of structures). One cannot rely solely on tourism.
I believe SA "might" be where Austin was in the late 1990's, prior to their current CBD boom. However, the economics do not quite match.
Major businesses do not seem to be "demanding" new downtown space and thus, demand for residential will not follow in as big of droves as it has in Dallas or Austin. If office and residents don't move downtown, then retail will hesitate a move into the area.
Again, I preface these comments based on a comparison of how the other major CBDs in Texas are growing relative to new building construction.