1221 Broadway

The 1221 Broadway Project was the first major residential development in the long-neglected, formerly industrial neighborhood of River North. The project’s proximity to the two-mile (3.2 km) extension of the Riverwalk and the city’s commitment to revitalizing this ragged edge of downtown were key reasons AREA Real Estate purchased the abandoned project. Developer David Adelman recognized that the Riverwalk would be a major draw for the project’s primary target market—young professionals and empty nesters. “Our residents are renters by choice who are seeking a healthy lifestyle,” he says.

Located 1.5 miles (2.4 km) north of downtown, 1221 Broadway is an adaptive use of a housing development that initially failed during construction in 2007. Occupying three blocks, 1221 Broadway transformed the abandoned concrete superstructure into a four-story structure offering 307 apartments and 10,000 square feet (930 sq m) of ground-floor office space.

Crossroads of San Antonio

The renovation, expansion, and subsequent repositioning of what is now a 697,000-square-foot value-oriented regional mall. Because of an increasingly competitive environment, the original mall was strengthened in 1987 with the addition of a new mini-anchor and a food court and cinema complex. Subsequent to this, the center’s major fashion anchor went dark, forcing the substantially vacant center to reposition itself as a value-oriented mall in 1991, adding Burlington Coat Factory as a key new anchor.