Austin-based developers Teeple Partners determined the Kallison Square tower project was not financially feasible, even with incentives.
Opendoor launched in the San Antonio real estate market Tuesday, joining Perch, which began offering its services in the city earlier this month.
The appointed task force is now finalizing those recommendations designed to help the City of San Antonio form a comprehensive policy.
City Council on Thursday approved a six-month moratorium on some development incentives aimed at urban-core housing.
More than 65 percent of the Alazan Courts residents want to see new construction on the lot, according to Housing Authority officials.
City Council District 5 is now home to a pilot program in which private-public partnerships aim to address the housing needs of low-income residents.
The City purchased the 84-acre property at 856 Gembler Rd. for nearly $2.3 million in 2012 and is providing incentives to the developers.
“To see these people come – lawyers, politicians – they all rescued me,” Calzada said. “I’m overwhelmed and out of words.”
As policymakers consider both health care and housing, that link suggests investing in these assistance programs could yield benefits on both fronts.
San Antonio saw the second largest increase of suburban Millennials nationwide, with 14.4% growth.