Council looks willing to rewrite Zachry Hospitality's five-year-old agreement to develop part of Hemisfair even though the firm hasn't yet paid rent on the property. SanAntonio SATX SanAntonioTX Hemisfair development downtown Texas Tourism
Construction continues at Hemisfair’s future Civic Park site on the southeast corner of South Alamo and East Market streets on Monday.
Under the agreement, Zachry was obligated to begin paying rent of $1.925 million a year by August 2021 at the latest, but it has not paid a cent. The council is expected to vote on the revised agreement on April 7, Houston said. The project’s new design is expected to be complete in December, and will have to go before the city’s Historic and Design Review Commission.
When asked whether he faulted Zachry for not meeting the terms of the contract, Andujar said, “We’re all partners. You know, during a negotiation, there are always points of view and different opinions. But the proof is in the pudding. We’re bringing forth an agreement that has unanimous agreement from the development team and HPARC and the city. And that’s what we need.”
David Zachry, the chairman and CEO of Zachry Hospitality, declined to comment when approached after the council had discussed the proposal. Local developer David Adelman, who built The ’68 apartment building next to Yanaguana Garden, near the southwest corner of Hemisfair, will build a 175-unit complex with 15,000 square feet of retail and a 300-space garage. The complex will include 87 units of “workforce housing,” with 55 units reserved for tenants making up to 60 percent of the area median income , and the remainder for those making up to 80 percent AMI, Houston said.
Nirenberg praised the project for creating housing where so much of it had been destroyed to make way for the HemisFair ’68 World’s Fair. Several council members expressed gratitude to Zachry for promising benefits to its employees at the planned hotel, such as maternity leave.
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