DEPARTMENT: Center City Development and Operations
DEPARTMENT HEAD: Lori Houston
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT:
Acquisition, Declaration as Surplus, and Disposition of Downtown Property
A resolution authorizing the disposition of three City owned real properties in City Council District 1, generally described as 114 West Commerce (also known as the Municipal Plaza Office Building), 300 North Santa Rosa Street (also known as 319 West Travis Street), and an approximately 0.2860 acre parking lot located at 403 North Flores Street.
A resolution authorizing the acquisition of approximately 1.8220 acres of land with approximately 445,618 square feet of improvements onsite (including an office tower and parking garage) located at 100 West Houston Street, legally described as Lots 23 and 24, NCB 110, Frost Bank Tower and Motor Bank Subdivision in City Council District 1.
A resolution approving the declaration as surplus City owned real property consisting of approximately 1.0849 acres of land with approximately 35,700 square feet of improvements located at 322 West Commerce Street, legally described as Lots 1, 2, 3, 4, 5, 6, and 7, NCB 254 in City Council District 1.
(Ryan Kuhl, Real Estate Manager, (210) 207-4081, ryan.kuhl@sanantonio.gov, Center City Development & Operations Department)
SUMMARY:
Center City Development and Operations is requesting three resolutions that will allow the City to acquire, declare surplus, and dispose of underutilized properties located in City Council District 1. Approval of this request will result in a consolidated administrative office tower for the City of San Antonio, the construction of the first new class A office tower in downtown since 1989, the creation of 265 new housing units in the central business district, and the development of new projects that are consistent with the City's economic development goals for the downtown area.
BACKGROUND INFORMATION:
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