Newstream Capital Partners puts downtown San Antonio sites it had slated for apartments up for sale.
Two properties along the San Antonio River Walk where apartments were once planned are up for sale. A company affiliated with Roanoke -based Newstream Capital Partners seeks to sell 112-120 Villita St. and 126 Villita St. , which are across from the Granada Senior Living building and Tower Life Building . The sites total about 0.8 acres and include a parking lot and an empty building. A listing touts the properties’ proximity to Hemisfair , the Henry B.
River Walk property for boutique hotel sells at foreclosure auction Newstream bought the properties in 2021 from a company linked to Dallas-based JMJ Development. In 2016, JMJ Development proposed a 30-story luxury building with 201 apartments, upscale restaurants and retail space at one of the two sites. It later added more apartments and high-end office space and nixed the restaurant component for the $70 million project.
San Antonio Missions working with Bexar County on deal for new downtown ballpark Newstream’s website describes a luxury 24-story building at 112 Villita with 226 apartments, a fitness center, a rooftop pool and restaurant, and retail space, while displaying a rendering that had been used by JMJ Development. The firm and brokers at CBRE who are marketing the properties did not immediately respond to inquiries.
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