Member Spotlight-Centre Group Consulting

How has downtown living evolved in the past few years?

There is tremendous synergy around downtown living now, and that didn’t exist five years ago. The public sector has embraced the notion of creating a viable residential neighborhood downtown, with the investment in the streetcar, the redevelopment of HemisFair Park and other initiatives. The city has streamlined the development process to make it more accessible for real estate developers, and that’s stimulating private investment. It’s exciting to see all the components coming together.

What do people like most about downtown living?

San Antonio has such great authenticity of place, and that’s most evident downtown. Living downtown affords the opportunity to appreciate the beauty and the history of the city. The amenities in the center city are almost overwhelming – the Riverwalk with the new extensions to the north and south is incredible, the restaurant and bar scene is innovative and evolving, and the entertainment options are extensive. And all of it is readily accessible when you live downtown.

What is the one thing you would like to see improved in the center city?

Downtown really needs more for-sale residential development, in a variety of product types and price points to satisfy diverse buyer demographics. The response to the market-rate rental product coming online has been tremendous, but to cement the viability of downtown as a residential neighborhood requires individuals who are willing to make a financial as well as a social investment in downtown as their home.

Is there a current downtown project that you are particularly excited about?

Vidorra – of course! At nearly 75% sold, it’s the most successful high-rise condominium development in San Antonio, and we just secured mortgage financing through Wells Fargo’s Neighborhood Community Development Program. This is a fantastic portfolio product with low downpayment, low closing costs and no mortgage insurance, and Vidorra is the only high-rise in S.A. that can offer this financing. It’s very fulfilling to see this project come to a successful close-out.

What do you think is the future of living in the center city?

As more employment opportunities develop in the center city, and as public transportation options improve, downtown will attract more residents. That will lead to more retail and commercial development, and ultimately a better quality of life for everyone who lives in the center city.

Do you have any advice for someone considering living downtown?

Look at all the different options, and bring an open mind. It’s a lifestyle change for most people, and its best approached from the perspective of a new beginning. If you consider how you live on a daily basis, people often find they can do with much less – in terms of living space, yard maintenance, even furniture and storage. Downtown living provides a great opportunity to restructure your living space to better reflect your lifestyle going forward.

What prompted you to become a Downtown Alliance member?  

I live and work downtown, and Downtown Alliance offers great opportunities for networking and education, including the Urban Renaissance Luncheon series and the Live Centro open houses.