{"id":370259,"date":"2026-07-12T14:31:08","date_gmt":"2026-07-12T14:31:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/370259\/"},"modified":"2026-07-12T14:31:08","modified_gmt":"2026-07-12T14:31:08","slug":"tower-life-housing-conversion-adds-retail-restaurant-space","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/370259\/","title":{"rendered":"Tower Life housing conversion adds retail, restaurant space"},"content":{"rendered":"<p>The 31-story building, located downtown at 310 S. St. Mary\u2019s St., will include 244 apartments and an outdoor deck on the seventh floor with gardens and other amenities, and the ground floor will feature retail and restaurant space on both the street and river-facing sides.\u00a0<\/p>\n<p><a href=\"https:\/\/www.expressnews.com\/business\/article\/downtown-tower-San-Antonio-residential-17362296.php#photo-22788769\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">The owners<\/a>\u00a0\u2014 a group that includes the McCombs family, executives at McCombs Enterprises and local developer Ed Cross\u00a0\u2014 plan to add 23,211 square feet of commercial space. Construction on the $3.5 million\u00a0retail-level project is set to begin this month and be completed by April 2027, according to <a href=\"https:\/\/www.tdlr.texas.gov\/TABS\/Projects\/TABS2026024307\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">a filing<\/a> with the Texas Department of Licensing and Regulation.\u00a0<\/p>\n<p>\u201cWe aren\u2019t building a traditional retail project,\u201d said Jon Wiegand, managing director of real estate for McCombs Enterprises. \u201cWe\u2019re creating a neighborhood. The heart of Tower Life is the 244 homes we\u2019re creating along the San Antonio River. The retail component is designed to support those residents and the surrounding neighborhood by creating places people can enjoy throughout the day \u2014 from morning coffee and lunch to dinner and evening cocktails.\u201d<\/p>\n<p>The ownership group, which acquired the property in 2022,\u00a0<a href=\"https:\/\/www.expressnews.com\/business\/real-estate\/article\/tower-life-building-san-antonio-renovations-20216088.php\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">began transforming<\/a> the largely empty office building into luxury housing last year and expects to open the tower for residents by the end of 2026. In the wake of the pandemic, turning vacant, aging office buildings into housing and hotels has caught on among developers.\u00a0<\/p>\n<p>They are working on the $128 million project with\u00a0J. Jeffers &amp; Co., a Milwaukee-based real estate development and investment firm that has been involved in rehabilitating a variety of historic buildings in that city. The Bexar County Public Facility Corp. also is involved through an arrangement that provides a property tax exemption for the building in exchange for including some units for families earning less than the area median income.<\/p>\n<p>While the group has not yet selected retail and restaurant tenants for the ground floor, the limited space is forcing them to be \u201chighly selective\u201d in curating a mix of businesses that will complement the downtown residences.\u00a0<\/p>\n<p>\u201cWe believe Tower Life represents a rare opportunity for operators seeking an irreplaceable location,\u201d Wiegand said. \u201cThere are very few places where a retailer can become part of a landmark building, serve hundreds of residents who live on-site, and benefit from the visibility and activity generated by the river and surrounding neighborhoods. Interest has been strong, and we\u2019re focused on identifying partners that will help define the next chapter of Tower Life.\u201d<\/p>\n<p class=\"cci_tagline_name\" title=\"CCI Tagline Name\">Madison Iszler contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"The 31-story building, located downtown at 310 S. St. Mary\u2019s St., will include 244 apartments and an outdoor&hellip;\n","protected":false},"author":2,"featured_media":370260,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[82,84,83],"class_list":["post-370259","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-antonio","tag-san-antonio","tag-san-antonio-headlines","tag-san-antonio-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/370259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=370259"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/370259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/370260"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=370259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=370259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=370259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}