The NRP Group LLC and Lifshutz Companies broke ground May 30 on Big Tex, a $50 million mixed-use development at the Blue Star Arts Complex in Southtown. The 336-unit apartment community will boast various studio, one, two and three-bedroom floor plans with rents ranging from $750 to $2,000, 7.5 acres of property along the San Antonio River, and 6,000 square feet of ground floor retail and parking.
The construction site previous was the location of the Big Tex Grain Co. Representatives from the development firms and from the City of San Antonio and Bexar County say this upscale community will be an asset in the revival of downtown and Southtown. The City of San Antonio will provide over $5 million in tax incentives for growth and improvement in the immediate area. The developers expect Big Tex to be completed by spring 2016. “Residential investment in our city center is vital to attracting more businesses, economic advancement and continued urban renewal,” said Mayor Julián Castro in a press release.
“Big Tex is not only an opportunity for more people to make the Blue Star community their home, but for new, local businesses to take root as well,” said Dan Markson, senior vice president of development at the NRP Group, in the release. “With Big Tex, we’re converting older, unused space into a new thriving community,” said James Lifshutz, Lifshutz CEO, in the release. “This is the type of rebuilding and investment we hope to see throughout all of San Antonio.” Revitalization of areas south of downtown San Antonio continues in the form of an ongoing major road and drainage improvement project on South Alamo Street near the Blue Star Arts Complex and in the recent expansion of the Mission Reach part of the river.