In what will certainly be remembered as a landmark decision for downtown San Antonio’s future, the city has given the greenlight to an ambitious, unsolicited plan by Frost Bank and Weston Urban to both alter the city’s skyline and provide new and re-purposed development to the city. The cornerstone of the deal will be a new Frost Bank building, which has yet to be designed, but will be the city’s first new office tower in more than 25 years. In addition, the old Frost Bank Tower will be given to the city and allow the local government to consolidate existing office space, spread out over several buildings. The Frost Bank Tower will be renovated with nearly $30 million in upgrades and be renamed once the city takes ownership. You can read all the details of this complicated deal over at the Rivard Report.
Graham Weston has launched ambitious plans to change downtown San Antonio and we think this is just the beginning of his dream of rebuilding San Antonio into a world class city.
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