GrayStreet, Fulcrum plan massive mixed-use in San Antonio

“BESA District” to span 15 acres and include high-end retail

GrayStreet, Fulcrum Pursue Massive Mixed-Use in San Antonio

From left: Fulcrum Development’s Jacques Braha and Steve Braha; GrayStreet Partners’ Kevin Covey; renderings of BESA District (Getty, GrayStreet Partners, Fulcrum Development, Shop Cos.)

GrayStreet Partners and Fulcrum Development have plans for a sprawling 15-acre mixed-use project in San Antonio’s Government Hill neighborhood. 

The project, dubbed the BESA District, will transform the Broadway East land that Fulcrum acquired in 2021 with a mix of retail, office, hotel and residential development, the San Antonio Business Journal reported

The first phase, scheduled to start in the third quarter of 2024 and be completed early 2026, will comprise 175,000 square feet of retail space. The subsequent phase will feature office space, a hotel and apartments, along with more retail development.

Renderings show the western portion of the site along Broadway as primarily retail-focused, while the land extending deeper into Government Hill will include the residential and hotel portion. The development plan includes the extension of Pearl Parkway across Broadway to North Hackberry Street.

Brittney Austin, Rand Horowitz and Linda Rubiola of Shop Companies are marketing the project to potential retailers, with the goal of attracting luxury brands such as Louis Vuitton, Lucchese, Gucci, Rolex and CB2, the outlet reported.

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While architectural details are not yet finalized, BESA District will feature unique geometric roof shapes, showcasing three distinct styles: Texas, New American City and Scandinavian.

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Local architecture firm Ford, Powell and Carson, in partnership with New York-based Kohn Pedersen Fox, are spearheading the design.

The Government Hill neighborhood has undergone rapid gentrification in recent years. Locals are working to reap the benefits of increased investment and development in the area, while maintaining its identity and preventing residents from being priced out.

—Quinn Donoghue