Hunt Development Group and Lincoln Property Co. are teaming up as the master developers for a 400-acre site surrounding the Frost Bank Center and the Freeman Coliseum (photo). The San Antonio Business Journal reports the group was the sole respondent for a request for proposal (RFP) sent out by Bexar County’s Coliseum Advisory Board this past summer. The master plan calls for 3.6 million square feet of development over a 15-year period, as outlined in the RFP. The plans include building housing, entertainment, retail, hospitality, and green space.
$311 million in county hotel and rental car taxes can be used for the redevelopment. Hunt and Lincoln are also proposing a new tax increment reinvestment zone for the site, as well as a municipal management district. Both incentives require approval.
Overland Partners is the lead design firm attached. The group also counts Joeris General Contractors, Metro Development Group and EBF Development & Design Studio as partners.
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