GrayStreet gets approval to begin Broadway tower construction

by Ben OlivoDecember 10, 2018

Last Wednesday, developer GrayStreet Partners received the go-ahead from the Historic and Design Review Commission (HDRC) to begin construction of its planned 20-story hotel-office tower at 1603 Broadway and Newell Avenue.

The commission approved the project's site and foundation plan, and work can now begin, but final approval on the Gensler-design will have to return to the HDRC some time in the spring, said Peter French, GrayStreet's director of development.

French said construction would begin in the first quarter of 2019, and will take 24-30 months to complete.

The $97 million development will include 11 stories of hotel rooms, four stories of Class A office space, four levels of parking (one below grade), and one level of retail. No word on possible tenants to fill the office and retail space.

A block north on Broadway, Pearl developer Silver Ventures is building a 10-story office tower that will become the headquarters for Credit Human. It's expected to be completed in early 2020, Silver Ventures told the Heron in a previous interview.

Previously published
Construction on GrayStreet's Broadway tower estimated to begin Feb. 1

Contact Ben Olivo: 210-421-3932 | | @rbolivo on Twitter

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