Crowds gathered on the Houston Street sidewalk Thursday morning and peered into the sky as construction workers and cranes lifted the Frost Bank logo into place atop the 23-story Frost Tower.
It was another milestone in the construction of the 460,000-square-foot high-rise that is already dominating the San Antonio skyline.
“I’m extremely proud. It’s been a good week for the Frost logo,” stated Phil Green, chairman and CEO of Frost Bank. “Yesterday the Spurs jersey patch and today the new Frost Tower. Both of those were things Tom Frost supported and loved, and I know he’d be excited for both of them. They also point forward toward the future of this great company.”
Construction on the glass tower began in spring 2017, one block west of the current Frost Bank headquarters, and was topped out in June when the last beam was put in place.
“[Tom Frost Jr.] is supervising today from the best seat in the house,” said Weston Urban CEO Randy Smith of the former banker who passed away Aug. 10 at age 90.
When complete in 2019, Frost Bank employees will occupy several floors, and the rest of the tower will be leased as Class A office space.
Frost Tower is the product of a public-private partnership, one of the largest such deals in San Antonio’s history, facilitated by Weston Urban with Frost Bank and the City of San Antonio in 2014. At the time, the tower was expected to cost about $142 million; representatives declined to say whether that estimate is still accurate.
