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Pearl Brewery taps partner for mixed-use development

June 23rd, 2011 in

Pearl is the 22-acre mixed-use redevelopment at the formerly Pearl Brewery site along San Antonio’s River Walk.

Woodbine will manage the Pearl Parkway infrastructure and improvements project, including the streets and utilities, as well as the design and construction of three new buildings. These buildings will encompass 157,000 square feet of leasable space and will be used for a combination of multifamily residential, retail, restaurants and office space. These properties should be ready for occupancy in the fourth quarter of 2012.

“Woodbine has been consulting with us for several months on this project and brings a wealth of diverse real estate experience to our team, as well as significant San Antonio experience,” says Bill Shown, Silver Ventures’ managing director of real estate. “We chose to work with Woodbine because its team has a track record of success in developing master-planned communities, historic renovations and adaptive reuse projects, office buildings and hotels.”

Lake-Flato has been named the design architect for Pearl Parkway. RVK Architects is the architect of record on the north component of the project, and WGW Architects is the architect of record on the south component. The project is currently in the bid phase, and construction is scheduled to begin in a few weeks.

One of the buildings in the project is Pearl Parkway North, which will consist of 58,000 square feet. Retailers and restaurants will occupy space on the ground level and office space on the second and third levels. San Antonio-based Joeris General Contractors has been selected as the contractor.

Pearl Parkway South includes the renovation and adaptive re-use of the existing 2,600-square-foot brewery administration building, built in 1904. Troy Jessee Construction LP is the contractor for the renovation of this building. Pearl Parkway South also will include two new mixed-use buildings. The east building is a five-level building with retailers on the ground level and four levels (55 units) of multifamily residential units above. The west building also includes retail space at the ground level and three levels (27 units) of multifamily units above. Embrey Construction LLC is the general contractor for the two new buildings.

Other members of the Pearl project team include: Rialto Studios as the landscape architect; Pape Dawson Engineers as the civil engineering firm; Danysh & Associates and SCA Engineers as structural engineers; Cleary Zimmerman and Jordan & Scala as mechanical electrical and plumbing engineers; and Brown Design Consultants as the lighting design contractor.

Silver Ventures is a privately held investment company based in San Antonio. Silver was funded with a portion of the proceeds from the sale of Pace Foods to Campbell Soup in 1995.