July 6, 2020
Boston-based UC Funds recently provided funding for an $18.25-million first mortgage adaptive reuse conversion of the century-old Travis Building on San Antonio’s Riverwalk.
The buyers were reportedly California-based private equity firm Harris Bay, which is active in San Antonio, and locally based DJE Texas Management. Deal terms weren’t disclosed.
The property’s new owners plan to convert the Class B office property to 63 luxury apartments and 20,000 square feet of commercial space. Built in the early 1920s and spanning 76,488 square feet, the 10-story Travis Building was renovated in 1982.
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