In northwest downtown, workers are at work renovating a 120,000-square-foot, century-old former department store into the new home for Geekdom, a communal workspace for tech professionals, which has 800 members. The building will eventually have a cafe, a rooftop bar, and other amenities "that the geeks want," said Randy Smith. Mr. Smith is the president of Weston Urban, a real-estate development company founded in 2012 that aims to "create the ecosystem for tech entrepreneurialism" in San Antonio, Mr. Smith said.
Mr. Smith co-founded Weston Urban with Graham Weston, a native of San Antonio who is the chairman and chief executive of Rackspace, a cloud-computing company valued at $4.5 billion. Over the next five years, Weston Urban plans to develop a downtown district using four surface lots the group bought last year, along with three buildings it already owns, and by buying other properties. The plan includes 1,000 rental apartments plus restaurants, shops and other businesses designed to create a lively downtown.
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