$165 million mixed-use project in the works for Hemisfair
March 14, 2016
Zachry Hospitality is an affiliate of Zachry Construction.
A $165 million development with apartments, retail and a boutique hotel is in the works for Hemisfair as part of a multi-million dollar overhaul of the park.
The Hemisfair Park Area Redevelopment Corp., a nonprofit that manages Hemisfair, is preparing to negotiate with local developers Zachry Hospitality and The NRP Group for a mixed-use project in the northwest area of the park, according to a news release. The project would include 380 residences, a full-service boutique hotel, public parking and retail and restaurant space.
Any agreement for a development will be subject to City Council approval. An agreement is expected to go before council near the end of this year, according to the release.
The city has gotten a lot of good news in its effort to build up downtown recently. Last week, local developer Keller Henderson revealed plans to demolish a row of buildings on East Commerce Street to construct a 10-story upscale apartment building along the River Walk. A 21-story hotel and condo tower is being planned for the River Walk, and a 30-story apartment tower is in the works for downtown.