New owners to convert Tower Life office building into housing

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The historic downtown landmark is currently only 40% occupied and is no longer sustainable as office space, real estate investor Jon Wiegand said.

The historic Tower Life Building is being reimagined into a residential tower with street-level retail ammenities by established San Antonio developers.The new owners of the historic 1929 Tower Life Building plan to swap out its office spaces for condominiums and apartments, both market rate and affordable.purchased the 30-story building in May

“The office problems at the Tower Life building far predate the problems created by COVID, but COVID has been a detriment to urban centers all around our country,” Wiegand said, serving “as almost a vacuum of sorts, pulling office employees and business workers out of our urban center to remote work or newer office sub-markets.”

It’s unclear how much the renovation process will cost, Cross said, but the previous owner, the H.B. Zachry family, which owned it for 70 years, took good care of the building. Part of the plan includes removing the concrete barrier between the building and the San Antonio River Walk, Wiegand said.

 

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I remember being up there. Intensely heavy and dark woodwork, no lights, a bit of glare from the windows. Getting lost in the hallways.

Nice

Condos inside the Tower building?

This is gonna be pretty cool

Good

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