SAN ANTONIO—Joint venture equity investment has been secured for the development of Frost Tower, a 460,000-square-foot class-A office tower to be built in downtown. Situated on a 2.8-acre site at the corner of West Houston and North Flores Streets, the project flanks the Houston Street corridor, fronts San Pedro Creek, and is within walking distance of numerous restaurants, cafes, bars and housing.

“Just like Frost Bank, Frost Tower is without peer in San Antonio,” Randy Smith, president of Weston Urban tells GlobeSt.com. “On the banks of San Pedro Creek and sitting along tree-lined Houston Street, it represents the most striking visual representation of downtown's renaissance. Many, many people have worked hard to bring this to fruition and we are very proud to be a part of the team.”

Holliday Fenoglio Fowler LP worked exclusively on behalf of the developers, San Antonio-based Weston Urban and Dallas-based KDC for partnership funding. Dallas-based TRT Holdings Inc. provided joint venture equity for the development, the first of its kind in 27 years.

“We tasked HFF with not only arranging joint venture equity for the first speculative office tower in downtown San Antonio in three decades, but also with helping us identify a partner with the characteristics that mean the most to us: character, integrity, and an alignment of mission and purpose,” said Smith.

Due for completion in 2019, Frost Tower will serve as the corporate headquarters for Cullen/Frost Bankers Inc., the parent company of Frost Bank. Frost will lease more than 60% of the building on a long-term lease continuing the company's commitment to downtown San Antonio that has spanned 150 years. Additionally, Frost will operate a financial center on the ground floor.

At 23 stories, this project will offer approximately 430,000 square feet of office space, 20,000 square feet of ground floor retail and 10,000 square feet of tenant amenity space including a fitness center and tenant lounge. Hike-and-bike trails and pedestrian walkways constructed with the San Pedro Creek Improvements Project are scheduled to deliver in May 2018.

The HFF team representing the developers was led by director, Campbell Roche, along with executive managing director Mark Gibson, senior managing director Trey Morsbach and managing director John Taylor.

SAN ANTONIO—Joint venture equity investment has been secured for the development of Frost Tower, a 460,000-square-foot class-A office tower to be built in downtown. Situated on a 2.8-acre site at the corner of West Houston and North Flores Streets, the project flanks the Houston Street corridor, fronts San Pedro Creek, and is within walking distance of numerous restaurants, cafes, bars and housing.

“Just like Frost Bank, Frost Tower is without peer in San Antonio,” Randy Smith, president of Weston Urban tells GlobeSt.com. “On the banks of San Pedro Creek and sitting along tree-lined Houston Street, it represents the most striking visual representation of downtown's renaissance. Many, many people have worked hard to bring this to fruition and we are very proud to be a part of the team.”

Holliday Fenoglio Fowler LP worked exclusively on behalf of the developers, San Antonio-based Weston Urban and Dallas-based KDC for partnership funding. Dallas-based TRT Holdings Inc. provided joint venture equity for the development, the first of its kind in 27 years.

“We tasked HFF with not only arranging joint venture equity for the first speculative office tower in downtown San Antonio in three decades, but also with helping us identify a partner with the characteristics that mean the most to us: character, integrity, and an alignment of mission and purpose,” said Smith.

Due for completion in 2019, Frost Tower will serve as the corporate headquarters for Cullen/Frost Bankers Inc., the parent company of Frost Bank. Frost will lease more than 60% of the building on a long-term lease continuing the company's commitment to downtown San Antonio that has spanned 150 years. Additionally, Frost will operate a financial center on the ground floor.

At 23 stories, this project will offer approximately 430,000 square feet of office space, 20,000 square feet of ground floor retail and 10,000 square feet of tenant amenity space including a fitness center and tenant lounge. Hike-and-bike trails and pedestrian walkways constructed with the San Pedro Creek Improvements Project are scheduled to deliver in May 2018.

The HFF team representing the developers was led by director, Campbell Roche, along with executive managing director Mark Gibson, senior managing director Trey Morsbach and managing director John Taylor.