SAN ANTONIO-Despite the collapse of a four-story brick wall, the Watermark Hotel will be built along San Antonio’s River Walk and it will still look like a historic building.The collapsed wall on the south side of the 1910 building could have dashed that vision, but the developer said Thursday that the 99-room luxury hotel will re-create and respect the historic design.

Investigations have begun to determine the cause of the collapse. And, as a result of that collapse, a similar wall on the building’s other side, which faces the San Antonio River, will be razed.

“The project is going forward,” a contact with the hotel’s developer, La Mansion Ltd. But work won’t resume until on-site investigations are completed and the site is cleaned up. “Hopefully as soon as possible,” the contact says. “Once they take down the other wall and clean everything up they can get back moving along.” The opening date for the $25-million project was to have been November 2003.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.