Opinion: In recent years, two of San Antonio's richest business leaders have poured their wealth into development. The result is what the city was lacking.
The Pearl features restaurants, housing, entertainment venues and retail shops along the San Antonio River north of downtown.A few U.S. cities have had the good fortune to produce ultra-rich visionaries who use significant portions of their wealth for projects that have major impacts on their communities. , then among the wealthiest in the nation, began 40 years ago to rescue a dying downtown.
. With some of that money he bought the abandoned Pearl Brewery and its 24 acres and embarked on turning it into a bustling mixed-use development unlike any the city has ever seen.into the top-ranked Hotel Emma. He didn’t hang out for-rent signs as he renovated some buildings and built new ones. Instead he reached out to shops such as the Twig Book Shop to develop an attractive mix of retail, while recruiting some of San Antonio’s top chefs to offer the public a tasteful range of restaurants.
Now the firm is turning to residential development. Last month it broke ground on a 32-story apartment building near the Frost Tower on the site of a former parking lot. It has also purchased the historic Continental Hotel on Commerce Street west of City Hall and plans to pair it with an adjacent 15-story new apartment building. And that’s just the beginning,
Currently coursing through the decayed northwest corner of downtown, all it needs is people. Weston Urban plans to populate the area with residents who will make use of it.
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