July 9, 2018
Teeple Partners cancelled plans for Kallison Square, an $83-million, mixed-use development that was to go north in downtown San Antonio, across from city hall. The Austin developer opted to back out on the project after determining that it was unfeasible, according to the city.
The city awarded Teeple Partners $8 million in incentives during August 2017 to build Kallison Square at Flores and Dolorosa streets. The award represented the second-largest offered under San Antonio’s Center City Housing Incentive Policy, which was halted in January 2018.
The 21-story tower was to have 305 upscale apartments and condominiums, and 45,000 square feet of ground-floor retail space. However, the developer asked to withdraw from the agreement after realizing the project wouldn’t work, even with the city’s help.
According to Center City Development and Operations Department’s John Jacks, the developer is exploring other options for the site.
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