March 29, 2017
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Two years following a deal made between the city of San Antonio, Frost Bank and Weston Urban, construction has officially begun on the 460,000-square-foot Frost Tower in San Antonio’s CBD. Upon its completion in 2019, the high-rise will house Cullen/Frost Bankers Inc.’s corporate headquarters. Frost will lease more than 60% of the building through a long-term lease, which includes a retail branch on the ground floor.
The deal that led to the construction began in 2015, when city, tenant and developer hammered out a complex agreement that included the acquisition of Frost’s current headquarters building at 100 W. Houston St. Along the way, the developer acquired KDC and TRT Holdings as partners.
The 23-story building is designed by Pelli Clarke Pelli, and includes 20,000 square feet of ground-floor retail and a 400,000-square-foot, wraparound parking facility at the base. JLL is leading the office leasing effort, while REATA is handling the retail side.
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