The new Center City Housing Incentive Policy aims to incentivize affordable housing, says Smita Bhakta.
SAN ANTONIO—For the past 10 years, San Antonio has experienced a high level of growth and revitalization in its downtown and surrounding areas, due in part to private investment along key arterials, such as Broadway and Houston Street, and municipal policies strategically aimed at revamping downtown, particularly urban housing. These efforts have moved San Antonio's downtown beyond its prior tourist-centric existence, according to Smita Bhakta, partner at Kruger Carson PLLC.
As the so-called decade of downtown draws to a close, there are some trends affecting commercial real estate development that will continue to shape the urban core of the city, Bhakta observes in this exclusive.
The adoption of the Midtown Area Regional Center Plan: The city recently approved an ordinance to adopt a new plan as part of the city's comprehensive master plan which would serve as a guiding document in the redevelopment of the area north of downtown, including portions of North Broadway and areas close to downtown along Interstate 10, Interstate 35 and Highway 281.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
