A luxury mixed-use development with a hip boutique hotel is breaking ground in downtown San Antonio. On January 30, construction will begin on The Arts Residences and Thompson San Antonio. Located at 123 Lexington Ave., the hotel and condo development is just steps from the Tobin Center for the Performing Arts and the River Walk.
Spanning 20 floors, the building includes 66 residences in one-, two-, or three-bedroom options, as well as five penthouses and 167 hotel rooms.The residences will offer hotel-like amenities, including 24-hour concierge and room service, a spa, restaurant, pool deck, and more.
Since coming onto the market in spring 2017, the building has become the fastest selling condominium project in Texas history, filling more than 40 percent of the available residences. Condos currently on the market range in price from $613,000 to almost $5 million.
Each condo floor plan is named after an artist (for example, the 1,007-square-foot "Rembrandt" is across the hall from the 904-square-foot "Goya"), whereas the penthouses are named after famous composers such as Beethoven and Vivaldi.
For those not in the market to move in, the Thompson San Antonio will offer the same "boutique lifestyle hotel" that has made Thompson a success in other cities.
“[San Antonio] is culturally and economically dynamic and has a robust future,” said Todd Wynne-Parry, executive vice president for Two Roads Hospitality, the hotel group which owns and operates the Thompson Hotel brand, in a release. “Thompson San Antonio will be a locally immersed hotel and ... social venue, contributing to the community and counting our neighbors among our guests.”
With an estimated cost of $116 million, the 337,000-square-foot project is slated for completion in 2019.