Aspiring real estate developers pitched redevelopment projects in San Antonio's urban core Monday as part of the Urban Land Institute's Developer Shark Tank.
Former mayor Henry Cisneros presented his ideas on equitable growth in cities as outlined in a new book he co-authored.
Houston Street has become a central line for the emerging Tech District and a construction zone as work, live, and play spaces move in.
The "surban” or “mixed-use” model represents all the benefits of dense urban development plus the perks of a suburban area.
San Antonio in recent years has begun to shed its reputation as a sleepy town by way of development projects in and around the urban core.
From deep in the heart of the Southside to the far Northeast side, the promise of a rising real estate market means a greater economic outlook for the city.
Open to anyone with a feasible plan and a place to build it, SA's Developer Shark Tank program is being billed as an entertaining real-world experience.
"If San Antonio does not take bolder steps now to enhance housing affordability," Castro said, "then in a few years this decade of downtown will give rise to a decade of displacement."
An increasingly diversified economy has enabled San Antonio to weather a slowdown in the shale-oil production industry and rank high among other major U.S. cities for new job creation and other key economic measures, according to two national surveys tracking U.S. urban growth and prosperity.
Out of 75 U.S. cities, San Antonio's real estate market ranks 20th on the Urban Land Institute's list of Markets to Watch in 2016.