DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Contract Award: (Professional Services) Spatial Programming and Efficiency Study for the Frost Bank Tower Building
SUMMARY:
An ordinance for the Spatial Programming and Efficiency Study for the Frost Bank Tower Building authorizing a Professional Services Agreement for in an amount not to exceed $532,564.00 to Facilities Programming and Consulting, a Frost Bank loan-funded Project, and appropriating an additional $11,000.00 from the Frost Bank Facilities Special Revenue Fund, located Council District 1.
BACKGROUND INFORMATION:
Project Background
On June 4, 2015, Mayor Ivy R. Taylor and the San Antonio City Council unanimously approved a Public Private Partnership between the City of San Antonio, Weston Urban and Frost Bank that will result in a consolidated office tower for City operations, facilitate the development of 265 housing units in the Central Business District and construct a new office tower in downtown San Antonio. This transaction will allow the consolidation of existing City staff into one location, providing budget savings and more efficient service.
The City intends to sell the City-owned Municipal Plaza Building, as well as the 319 West Travis and 403 North Flores properties, to Weston Urban. Under this plan, Frost will sell the Frost Bank Tower and Garage to the City; thereafter, Weston Urban will construct a 400,000-square-foot office tower on the corner of Flores and Houston Street, which will serve as Frost Bank's new corporate headquarters, with a scheduled completion date of that building in 2019. Upon Frost Bank's move into its newly constructed headquarters, its former tower building will be renovated by the City of San Antonio for use by an estimated 1,300 City of San Antonio employees.
This Project provides for an organizational analysis, efficiencies study, ec...
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