SAN ANTONIO—San Antonio has long been known for its history and blend of cultures, but in recent years, an infusion of energy around technology, real estate development, entrepreneurship and creative enterprise has fueled the city's growth. Companies moving to San Antonio are attracted to the river for corporate headquarters, with housing occupancy rates at more than 90%, driving up demand for downtown residences, especially among millennials. Today, San Antonio is among the top 10 US tourist destinations and the fastest-growing economies.

Thompson San Antonio Hotel and The Arts Residences, a $116 million, 20-level mixed-use hotel-condominium tower on the San Antonio River Walk, is set to bring luxury living accommodations to the downtown area and provide another economic boost to the city. The tower will create an additional 1,300 jobs throughout the construction phase, slated for this summer, to further enhance the growing economy and job market. The project is scheduled to be completed in 2019.

“With 1.5 million people projected to move to Bexar County over the next 20 years, this project adds an upper-income housing niche to the downtown market that will be attractive to business people,” said Bexar County commissioner Tommy Calvert.