The landmark tower was one of the last office buildings constructed in San Antonio before the 1929 stock market crash.
The Tower Life Building, seen here from South Alamo Street in February, was acquired by local businessman Red McCombs and a pair of investors.For the first time in 70 years, the historic Tower Life Building is changing hands.has partnered with real estate investors Jon Wiegand and Ed Cross to acquire the 1929 skyscraper at 310 S. St. Mary’s St. from descendants of the construction and engineering magnate H.B. Zachry.
The landmark tower, with its eight stone gargoyles and conical clay tile roof, was one of the last office buildings constructed in downtown San Antonio before the 1929 stock market crash and the Great Depression that followed. Nick Wagner / San Antonio Report The building at one time served as the headquarters of the Third U.S. Army with future president Dwight D. Eisenhower at the helm.
The president of the Tower Life Insurance Co. was James Powell Zachry, who also heads up the investor group Tower Life Properties, which sold the building to the McCombs group.In more recent years, the building has been occupied by a number of law firms with tenant improvements and renovations occurring on various floors since 2012, according to state filings. The most recent on record was a 2020 remodel of the fourth floor estimated at over $1 million.
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