New Skyscraper Proposed Downtown

Posted Thursday, June 26th 2014 @ 3pm

Mayor Castro and city officials today announced plans to build the first high rise office building downtown in a quarter century, 1200 WOAI news reports.

The Public Private Partnership agreement, which is still very much in the planning stage, would involve the developer Weston Urban, which is the developer of the very successful Weston Center downtown, to work with the city and Frost Bank to build the Frost Bank Tower, which officials say would be in the 'forty story range,' at Flores and Houston Street.

"This will increase housing in the downtown area, consolidate city offices, and facilitate the construction of the first new office building in downtown since 1988," Castro said.

The plan involves Frost Bank turning over it's headquarters to Weston Urban and the city turning over the Main Plaza Building to the developer.

"Weston Urban would construct a new office tower, which would serve as Frost Bank's headquarters, on the northwest corner of Flores and Houston Street."

Weston Urban CEO Randy Smith said the structure would be 'iconic.'

"I hope that this would be recognized to celebrate one of San Antonio's great corporate citizens," Smith said. "Through this proposed project, Frost's commitment to downtown amplifies Weston Urban's."

Smith said the building will also allow Weston Urban to redevelop the Main Plaza into condominiums, so people can live on Main Plaza, next to the historic San Fernando Cathedral, in the heart of the city.

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New Skyscraper Proposed Downtown