San Antonio, Texas, Sept. 13, 2017 (GLOBE NEWSWIRE) -- Houston-based developer DC Partners announced they have sold 30 percent of the condominium homes in The Arts Residences at the Thompson San Antonio Hotel since opening the sales gallery on May 11, making it one of the fastest-selling high-rise luxury condominium project in Texas. Located on the San Antonio River Walk, the $116 million, 20-level mixed-use hotel condominium tower atop San Antonio’s first Thompson Hotel is bringing much-sought-after luxury living accommodations to downtown San Antonio’s Arts District.
“We knew there was demand for upper-income housing in San Antonio’s arts district, and are pleased at how quickly these matchless residences have sold,” said Roberto Contreras, CEO of DC Partners, which is entering the San Antonio market for the first time. “We are fielding more interest in this project with every passing day.”
Contreras said most of the residential condominiums sold in The Arts Residences thus far have been purchased by local residents from the upscale neighborhoods. They are longtime San Antonians who want to make the transition to a centrally located, highly secure, genteel lifestyle that places them squarely at the center of the best San Antonio has to offer in terms of the performing arts, dining and shopping. The Arts Residences is the first downtown high-rise luxury development to offer the location and range of services these discerning buyers have long sought.
Located at the epicenter of San Antonio’s vibrant performing arts district, The Arts Residences is a 337,000-plus-square-foot mixed-use development at the intersection of North St. Mary’s Street and Lexington Avenue, across the river from the Tobin Center for the Performing Arts and next to Hotel Indigo. The development will include The Arts Residences’ luxury condominiums atop San Antonio’s first Thompson Hotel, a collection of design-forward, boutique lifestyle hotels and resorts in locations such as Manhattan, Chicago, Nashville, Seattle, Playa del Carmen and Los Cabos.
With architecture by Powers Brown and interior design by Amass & G., The Arts Residences will boast dazzling views of downtown, the River Walk and the Texas Hill Country. Condominiums will feature soaring 10 and 12-foot ceilings, European-style kitchen appliances, Pedini Italian cabinetry in kitchens and baths, natural stone and porcelain surfaces, and fine hardwood floors, among other high-end options. Owners will enjoy round-the-clock security and an array of onsite amenities, including a restaurant with a world-class chef; a 5,000 square-foot pool deck with cabanas and pool bar; a lavish, relaxing spa; a state-of-the-art fitness center; and 24-hour room service and concierge service. The for-sale residences are priced from the high $400s to over $4.5 million for penthouses. The general contractor for the project is San Antonio-based Jordan Foster Construction.
The Arts Residences’ owners and guests will walk to the Tobin Center for the Performing Arts, a world-class facility that is home to the city’s symphony, opera and ballet presentations. They will be steps away from the world-famous San Antonio River Walk, with its picturesque network of walkways in the heart of the city, lined with unique shops, restaurants, bars, and music and entertainment venues; and Mission Trail, the only UNESCO World Heritage site in Texas, featuring the Alamo and its four sister missions from the state’s Spanish Colonial Era.
“For those who are seeking an elegant, concierge lifestyle within minutes of the crème de la crème of the city’s cultural and entertainment offerings, The Arts Residences presents a once-in-a-lifetime opportunity,” said Contreras. “A limited number of these incomparable condominium homes remain for those discriminating enough to recognize their timeless value.”
Groundbreaking for The Arts Residences is anticipated during the fourth quarter of 2017, with completion slated for 2019. For more information please visit http://theartsresidences.com or contact our sales gallery to schedule your tour at (210) 227-4840.
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About The Art Residences at the Thompson Hotel
The Arts Residences at the Thompson Hotel is San Antonio’s premier River Walk address, with luxurious surroundings, refined details, private entrance, concierge service for residents and 24-hour security. Located in the epicenter of San Antonio’s vibrant performing arts district, the 337,000-plus-square-foot mixed-use development encompasses The Arts Residences’ luxury-living condominiums atop San Antonio’s first Thompson Hotel and a restaurant with a world-class chef. Developed by DC Partners and San Antonio-based Universal Service Group, and designed by Powers Brown Architecture, the project is scheduled to be completed in 2019. The Arts Residences at the Thompson Hotel is exclusively marketed by Kuper Sotheby’s International Realty. For more information, visit http://theartsresidences.com.
About DC Partners
DC Partners is a real estate development and investment firm with the financial strength and expertise to complete projects of all sizes and asset types, including high-quality high-rise, mid-rise, mixed-use and suburban projects. The company uses a broad range of investment strategies to pursue acquisition and development opportunities through the EB5 program, as well as traditional development approaches. Well-known for its landmark projects, DC Partners’ portfolio consists of more than 1.5 million square feet, with properties including office facilities, mixed-use centers, hospitality, multi-family, residential communities and luxury high-rise condominiums. Among its most recent luxury condominium projects are the Cosmopolitan, Astoria, Arabella, Marlowe, Chateau Ten and the Arts Residences at the Thompson San Antonio. For more information, visit http://www.dcpartners.com.
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/568df96c-d7b4-4dd1-af63-c86d3e934ba5