Looks like San Antonio is officially getting its newest high rise downtown!
From News4 WOAI
"Official groundbreaking for new Frost Bank Tower set for Wednesday
SAN ANTONIO —
You may have already seen some construction work, but Wednesday is the official groundbreaking for a new Frost Bank Tower.
The skyscraper will change San Antonio's skyline. City leaders hope it will help attract more businesses and tourism. The groundbreaking ceremony for the new Cullen-Frost Bank Tower will take place around 1:30 p.m. at Houston Street and Travis Street.
In 2015, the City of San Antonio entered a deal with Frost Bank and Weston Urban. The public-private deal involved the sale of several buildings. The city spent about $50 million to buy the old Frost Bank Tower to get more office and parking space.
Weston Urban and partners will develop the new 23-story Frost Tower, and provide some mix-use units, including residential space. This is the first new high-rise in the area since 1989.
This transformation is helping the city reach its goal of creating an urban core, offering Downtown space for work, living and recreation.
"I think we are well on our way to having a Downtown that really is vibrant, that's 24-7, and a place for San Antonians,” said Mayor Ivy Taylor. “Tourists want to be in authentic places where people live."
The new Frost Tower will have more than 430,000 square feet of office space with a parking garage. Construction is expected to be done in 2019."