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.
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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.
