Weston Urban has assembled in recent years swaths of property in northwest downtown with plans to change the landscape there.
The De La Garza house, which is owned by Weston Urban, is preserved while the surrounding area is cleared as work continues behind the former Continental Hotel.Recent moves by one developer to acquire and rezone property in the northwest quadrant of downtown San Antonio mean one thing: More housing in the urban core.
Mark Jensen, vice president of multifamily development at Weston Urban, said the group has been steadily working toward what they see as a mixed-use concept for the area. Across San Antonio, more than 100 new multifamily properties are under construction, according to the real estate market data firm Radix and BuildCentral. A cluster of activity can be seen downtown, but there’s also significant development along Loop 1604 North. “From a residential standpoint — and that’s the bulk of what we are focused on in terms of future dreaming and planning — is how do we create more residential densities, especially in this northwest corner of downtown?” Jensen said.
Monthly rental rates in the low-rise, 1970s-era complex range between $807 for a studio apartment and $1,256 for a two-bedroom. The average monthly apartment rental rate in downtown San Antonio is $1,601, according to RentCafe.
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