Oxbow Development Group is gearing up to double the footprint of Pearl, with apartments, a hotel and restaurants planned across the river.
Across the San Antonio River from the glitzy restaurants, apartments and shops at Pearl, the river banks are lined with parking lots separated by crumbling sidewalks and narrow side streets. That’s about to change. By the end of 2026, Oxbow Development Group, a subsidiary of Pearl owner Silver Ventures, is set to double the footprint of the popular destination on property it owns both across the river and just north of Pearl.
Track 20 of San Antonio’s major construction projects The Pearl-mirroring developments will cost “a whole bunch,” he said, because of rising interest rates and increasing costs of materials, labor and insurance. In part because of that reality, the company for the first time has begun seeking investors to put up several hundred million dollars to help pay for its projects. Oxbow also plans to approach government officials to seek more subsidies for the development’s next phases.
Market with restaurants, dessert bar, grocery and carryout options to open at Pearl this spring Attracting a grocer such as H-E-B or Trader Joe’s is difficult, he said, because the finances don't work. Such companies may not want to pay rent, there may not be enough parking for a store and they could be competing with H-E-B’s Central Market location, which is less than 3 miles north on Broadway Street. Shown said he is eager to see whether Pullman Market in the former Samuels Glass Co.
GrayStreet sells Pearl-area land, site of proposed mixed-use project, to Fulcrum “We created all this incredible value and it’s reflected in land prices right now, land prices that we can’t afford,” Shown said. “They don’t make sense. So, opportunistically, if and when a really smart acquisition presents itself we’re in the market. We always will be. But it’ll be very selective.
261-unit apartment complex near Pearl to be finished this spring as area’s redevelopment rockets The strong market is attracting more players for all sorts of development. Embrey recently completed a 338-unit apartment complex along East Ashby Place, and developer David Adelman converted the former Borden Creamery warehouse next door into space for office and restaurant tenants.
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