The redevelopment cat left the bag when University of Houston regents last week approved spending $2.5 million to rent a building at St. Paul Square for a branch of its Conrad N. Hilton College of Hotel and Restaurant Management. Starting Aug. 25, the college will begin offering classes at St. Philip’s College, until the three-story building at 122 Heiman St. is ready, which could be as soon as January, said Graham Bowcher, the college’s assistant dean.
Plans for the school hinted that there is much more in store for the historic St. Paul Square, much of it Zachry Realty LLC either owns outright or leases from the city of San Antonio.
“The current thinking includes urban living, educational components and dining and retail opportunities that will transform the area into San Antonio’s next great mixed-use neighborhood,” said Rene M. Garcia, vice president of Zachry Realty.
The company is partnering with REATA Real Estate to revitalize St. Paul Square, which sustained a heavy blow when anchor tenant Ruth’s Chris Steak House moved in July 2013. Many of the historic buildings remain vacant. Once a hotbed for concerts, the pavilion at Sunset Station, which Zachry is leasing to the RK Group, just sits. In short, St. Paul Square has been a ghost town recently.
Zachry Realty and REATA hope to capitalize on the cache that the University of Houston will bring to the historic district.
The strategy is to start with signing office tenants, which could come within year’s end. From there, they’ll look to fill street-level spaces with retail and restaurants.
Down the road, they’re looking to add 300-700 residential units — possibly two separate developments — to the area;
construction could start next year, they said.
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