It’s been years in conceptualizing and planning. Site preparation has already begun on Flores and Houston streets. Now the real work starts. Local officials gathered with project partners and noted business leaders to break ground on the Frost Tower, a 23-story office building. This will be the first high-rise development for downtown San Antonio in about 30 years, and a significant one at that. The 460,000-square-foot facility will house Frost Bank’s headquarters, and include 430,000 square feet of office space. Another 400,000 square feet of parking space will be added in a wraparound fashion at the building’s base. The complex will feature 20,000 square feet of retail space, and 10,000 square feet of space for amenities for tenants. The sidewalks around the building will be landscaped and made to feel pedestrian-friendly while highlighting new retail opportunities.
The idea for Frost Tower was conceived in a partnership among Frost Bank, the Weston Urban development group, the city, and real estate company KDC. The crowd for the groundbreaking ceremony included Rackspace Founder Graham Weston, Frost Bank CEO Phil Green, bank Chairman Emeritus Tom Frost Jr., and Weston Urban President Randy Smith. They along with local political and business leaders have said, in various media reports, that the Frost Tower could help usher in a new wave of corporate investment in downtown San Antonio.
Past media accounts of the project have noted the design of the angled glass skyscraper as cutting-edge and profound in its potential impact to the downtown skyline. General contractor Clark Construction has already started site work. Pelli Clarke Pelli, a New Haven, Connecticut-based architectural firm, is leading the design effort for Frost Tower along with Kendall/Heaton Associates. Pelli Clarke Pelli is noted for its designs worldwide, including the famed Petronas Towers in Malaysia. JLL will spearhead office space leasing. REATA Real Estate Services will lease out the retail space. Construction is slated to take place over two years.