Post Lake Capital Partners and Trube Corp. initially proposed a 29-story building with residential units, retail and parking. New designs show a smaller structure.
City of San Antonio moves to protect historic HemisFair ’68 building as officials contemplate future uses
Construction was supposed to start in 2018 and finish in 2021, but it never began. Hemisfair and city officials have attributed the holdup primarily to the COVID-19 pandemic’s effects on financing and demand for office space and hotels. , executives at Zachry, Area Real Estate, Post Lake and Trube said they are grappling with higher interest rates, tighter lending standards and escalating costs for construction, labor and insurance, all of which have made financing difficult. They requested extensions.
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