JV's next step for San Antonio Hemisfair ParkJV's next step for San Antonio Hemisfair Parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=125052016-03-17T05:00:00Z2016-03-17T18:00:00Z

​​SAN ANTONIO - The Hemisfair Park Area Redevelopment Corporation has made the proposal submitted by Zachry Hospitality LLC and The NRP Group its top choice and will now take the next step toward finalizing the urban park's second public-private partnership.

The joint proposal from the two San Antonio firms would be to develop two parcels encompassing five acres in the northwest quadrant of the park—right at the corner of South Alamo and South Market—with the potential uses included new shops, restaurants and 380 residential units next to approximately nine acres of green space.

While it is avoiding any specifics, HPARC CEO Andres Andujar told reporter Katie Burke the proposal includes:
~800,000 gross sf, which includes those residential units
~75,000 sf of retail; 
~70,000 sf of office; 
~a boutique hotel; and 
~plenty of public parking.

The value of the mixed-use development would be $165 million.​

For now, Zachry and NRP will enter into negotiations with HPARC, and approval of a final development agreement is expected to be made sometime later this year.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2016/03/14/the-nrp-group-zachary-chosen-for-hemisfairs-next.htmlRead more at {Source}

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