Thompson Hotel and Condos Nearing Groundbreaking

The 20-level mixed-use tower is slated for completion in 2019. So far, about 40 percent of the condo units have already been sold since the opening of the sales gallery.

The 20-story, $116 million Thompson San Antonio Hotel and The Arts Residences will finally break ground on January 30 at 123 Lexington Ave.

The 337,000-square-foot mixed-use hotel-condominium tower will be situated at the intersection of North St. Mary’s Street and Lexington Avenue, across the river from the Tobin Center for the Performing Arts. Completion date is anticipated for 2019.

“The Thompson San Antonio hotel and The Arts Residences will truly be a landmark project –redefining luxury downtown living by offering residents exceptional customer service and unparalleled amenities from 24-hour concierge and room service, a spa, first-class restaurant, a pool deck and more,” Roberto Contreras, CEO of DC Partners, said in prepared remarks. “The premier location and proximity to the Tobin Center and the performing arts district places residents in the epicenter of San Antonio’s thriving downtown.”

Event attendees will include City of San Antonio elected officials, representatives of the San Antonio Chamber of Commerce, San Antonio Hispanic Chamber of Commerce, Centro San Antonio, Jordan Foster Construction, Two Roads Hospitality, Powers Brown Architecture, Universal Services Group and Kuper Sotheby’s International Real Estate. Moreover, representatives of DC Partners—which is entering the San Antonio market for the first time—and The Arts Residences sales team will be on hand, as well as prospective buyers and owners.

Record Sales

About 40 percent of the condominium homes in The Arts Residences at the Thompson San Antonio hotel have already been sold since the sales gallery opened in May 2017, setting a record for the fastest-selling high-rise luxury condominium project in Texas. The for-sale units are priced from the high $400s to over $4.5 million for penthouses.

“Residents of The Arts Residences will live an elegant, concierge lifestyle within minutes of San Antonio’s finest cultural and entertainment offerings,” added Acho Azuike, Chief Operations Officer of DC Partners. “A limited number of these incomparable condominium homes remain for those discriminating enough to recognize their timeless value. Now more than ever is the time to be part of this once-in-a-lifetime opportunity.

Images courtesy of DC Partners