Port San Antonio's leader wants to begin construction on the 11-story office building early next year.
A glittering wing-shaped building set to rise at Port San Antonio will cost about $300 million and demand rents of $50 a square foot or more — putting it among the most expensive offices in the city. But despite rising office vacancies across San Antonio, port CEO Jim Perschbach is confident he’ll have no troubling filling the space.
As Port San Antonio faces latest space crunch, it looks to an 'elevated' future “It’s probably going to be harder than I think it is, and we’re going to do it one way or the other. Because I want people to realize that San Antonio already is capable of competing on the world stage with everybody, but we’ve got to start showing it,” Perschbach said. “If all we build are these regular pedestrian buildings, the story we’re telling is our work is pedestrian.
New multistory tower at Port San Antonio to house DeLorean Motor Co.; to be completed in early 2025 Back in 2022, the building was expected to open by 2025 with at least one high-profile tenant. The port’s original announcement said it would house DeLorean Motor Co., but that company’s current condition makes its viability as signature tenant unclear.
Bexar County ends tax break agreement with DeLorean Perschbach said he now expects tenants to include companies that already lease space at the port and want to expand as well as others that are new to the area. Rents are expected to be $50 a square foot and higher, depending on the amount of space, lease terms, finishes and, potentially, job investments.
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