DEPARTMENT: Center City Development and Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT
Economic Development Incentive Agreement with Crockett Urban Ventures LLC for the redevelopment of the Witte and Fish Market Buildings
SUMMARY
This Ordinance authorizes an Economic Development Incentive Agreement with Crockett Urban Ventures LLC for the redevelopment of the Witte and Fish Market Buildings.
BACKGROUND INFORMATION
Crockett Urban Ventures LLC has proposed two development projects on the 100 block of East Commerce between the San Antonio River and N. St. Mary's St. Each project includes the restoration and adaptive reuse of a historic building and, combined, will result in a total investment of nearly $68 million, the addition of 4 housing units, new retail and restaurant space, new River Walk stair and elevator access, the preservation of two historic buildings, and the activation and dramatic improvement of two prominent downtown street corners.
Witte Building
On the west end of the block is the historic Witte Building built in 1893. This building has largely been neglected and underutilized for decades despite being located at a prominent entrance to the River Walk across from Main Plaza. The developer is proposing to renovate and activate the building at a cost of approximately $7.5 million. The project will include the following:
* 4 housing units
* 2,500 square feet of river level retail/restaurant space
* 1,900 square feet of street level retail space
* 1,000 square feet of banquet/event space
* A new public/private stairway and elevator providing ADA access to the Riverwalk
The new stairway and elevator access to the River Walk is a particularly valuable and much-needed public improvement to an otherwise confusing but important access area. This area represents a key entry point for locals and visitors to the river off of Main Plaza. Currently it is very easy to miss and not a pleasant exp...
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