Texas’ Fastest-Selling High-Rise to Break Ground January 30
DC Partners recently announced the groundbreaking ceremony for The Arts Residences and Thompson San Antonio hotel will take place Tuesday, January 30, from 9 to 11 a.m. at the project site, 123 Lexington Avenue, San Antonio, with a reception following in The Arts Residences Sales Gallery, located at 115 Auditorium Circle.
“The Thompson San Antonio hotel and The Arts Residences will truly be a landmark project –redefining luxury downtown living by offering residents exceptional customer service and unparalleled amenities from 24-hour concierge and room service, a spa, first-class restaurant, a pool deck and more,” said Roberto Contreras, CEO of DC Partners, which is entering the San Antonio market for the first time. “The premier location and proximity to the Tobin Center and the performing arts district places residents in the epicenter of San Antonio’s thriving downtown.”
The groundbreaking will begin at 9 a.m. with the ceremony of shovels, followed at 9:15 a.m. with remarks by Contreras; Leland Rocchio of Jordan Foster Construction, the general contractor; – and City of San Antonio officials. At approximately 9:45 a.m., the event will move to the sales gallery for champagne, mimosas and light bites.
“We are thrilled to bring Thompson Hotels’ unique brand of luxury to downtown San Antonio. This city is culturally and economically dynamic and has a robust future,” said Todd Wynne-Parry, Executive Vice President, Global Acquisitions & Development for Two Roads Hospitality, the international lifestyle hotel group which owns and operates the Thompson Hotels brand. “Thompson San Antonio will be a locally-immersed hotel and another valued social venue, contributing to the community and counting our neighbors among our guests.”
“We are very excited to get construction underway and play a major role in creating this landmark mixed-used development,” said Leland Rocchio, President of Jordan Foster Construction’s Commercial Group. “The Arts Residences and Thompson San Antonio hotel will further enhance the culturally rich arts district and growing downtown by providing a positive impact on the community and its long-term intrinsic value.”
Attendees will include City of San Antonio elected officials; representatives of the San Antonio Chamber of Commerce, San Antonio Hispanic Chamber of Commerce, Centro San Antonio, Jordan Foster Construction, Two Roads Hospitality, Powers Brown Architecture, Universal Services Group and Kuper Sotheby’s International Real Estate. Numerous representatives of DC Partners will also be on hand, as well as The Arts Residences sales team, prominent members of the San Antonio real estate community, Arts residences owners and prospective buyers, friends and family.
Artistic renderings showcasing the building’s exterior and interior features will be on display both at the groundbreaking site and the reception. The sales gallery features a three-dimensional model of the project, as well as all available options and finishes for The Arts Residences condominiums.
Located at the epicenter of San Antonio’s vibrant performing arts district and across from the River Walk, The Arts Residences is a $116 million, 20-level, 337,000-plus-square-foot mixed-use development at the intersection of North St. Mary’s Street and Lexington Avenue, across the river from the Tobin Center for the Performing Arts. The development slated for completion in 2019 will include The Arts Residences’ luxury condominiums atop San Antonio’s first Thompson Hotel, an international collection of design-forward, luxury lifestyle hotels and resorts.
Forty percent of the condominium homes in The Arts Residences at the Thompson San Antonio hotel have sold since the sales gallery opened May 11, 2017, setting a new record for the fastest-selling high-rise luxury condominium project in Texas. The for-sale residences are priced from the high $400s to over $4.5 million for penthouses.
“Residents of The Arts Residences will live an elegant, concierge lifestyle within minutes of San Antonio’s finest cultural and entertainment offerings,” said Acho Azuike, Chief Operations Officer of DC Partners. “A limited number of these incomparable condominium homes remain for those discriminating enough to recognize their timeless value. Now more than ever is the time to be part of this once-in-a-lifetime opportunity.