A subsidiary of Pearl’s developer, Silver Ventures, is seeking to have a building on the mixed-use site designated as a historic landmark and turned into a marketplace with restaurants, offices and warehouses.
Rio Perla Properties LP, owner of the Pearl complex, got the go-ahead from the city’s History and Design Review Board on Wednesday to rehabilitate the wedge-shaped building Samuels Glass Co.
The one-story structure at 221 Newell Ave. was built in 1948 as a warehouse and office for Samuels Glass Co., which moved in 2017, according to architecture firm Clayton Korte.
Rio Perla purchased the property in 2015. It is currently used for storage. The developer wants to convert the site into space for a market, restaurants, offices and warehouses, Korte said in documents submitted to the city.
Renovations will include repairing the roof and facade, replacing windows, creating new entrances and adding a patio deck. The plans show four restaurant tenants, one bar tenant and a market kitchen.
Rio Perla is also seeking to have the building designated as a historic landmark, which would make it eligible for local, state and federal tax incentives.
Lawrence Samuels founded Samuels Glass in San Antonio in 1914; the company is still owned by the same family, as per the developer’s claim.
Renderings show the renovated building of Samuels Glass Co.
Courtesy of Clayton KorteThe HDRC backed the historic designation of the building on Wednesday, which will next be reviewed by the Zoning Commission and later by City Council. Elizabeth Fauerso, Pearl’s marketing director, declined to provide more information about the plans.
The HDRC also approved Rio Perla’s proposal to add a bar, catering structure with kitchen, and outdoor seating and dining areas near the Stable site at the Pearl.
Another Silver Ventures subsidiary, Broadway SA Investors GP LLC, also received approval on Wednesday to design a mixed-use development on the San Antonio River from the Pearl.
The seven-story building at 1126 E. Elmira St. would include 263 residential units, ground-floor live-work units, retail and parking.
The developer is expected to receive approximately $3.6 million in development grants under the Downtown Housing Incentive Policy, including a 10-year tax increase refund grant. It will contribute approximately $1 million to the city’s affordable housing fund over that period, a requirement of the program.
madison.iszler@
express-news.net