Weston Urban has purchased a 2-acre parcel with a hotel in west downtown, expanding the developer’s holdings there and giving it control of another city block.
Next to Denny’s LP, a partnership linked to Weston Urban, bought the La Quinta Inn at 900 Dolorosa St. from Cavalier Texas LP last week, deed records show.
It’s unclear what the San Antonio-based firm co-founded by Graham Weston paid for the property. It was valued at $8.2 million last year by the Bexar Appraisal District.
The 124-room hotel is across the street from Mi Tierra Cafe y Panaderia and Market Square and across Interstate 10 from the University of Texas at San Antonio’s downtown campus. It’s also near the San Antonio police and fire departments’ headquarters and the federal courthouse.
Weston Urban owns an adjacent office building on 1.95 acres at 800 Dolorosa, giving it control of the nearly 4-acre block bounded by South San Saba, West Nueva and Dolorosa streets and South Santa Rosa Avenue.
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Down the street, the firm also owns a 1.8-acre block bounded by Commerce, Dolorosa and Laredo streets and San Pedro Creek. The creek area is being transformed into a linear park with walking trails, landscaping and art.
Weston Urban plans to rehabilitate the former Continental Hotel, Arana building and Melchio de la Garza house and build a 16-story tower on that site.
The firm is partnering with the Bexar County Public Facility Corp., a nonprofit that was set up in part for the multi-structure redevelopment, which will include about 255 apartments.
The county nonprofit would buy the site and lease it to Weston Urban, providing a property tax exemption for the project. In