Local real estate group GrayStreet Partners has been busy filling up its Houston Street portfolio.
Last week, international architecture firm Gensler moved its San Antonio office from Travis Park Plaza to the second floor of the Schaum building, 229 E. Houston St.
Gensler, which is the firm designing GrayStreet’s projects, including the rehab of the former San Antonio Light building on Broadway, now occupies 6,500 square feet in the Schaum, which is also home to The Palm steakhouse and basement cocktail bar Jet-Setter.
The second floor of the Schaum has been vacant for decades, said Peter French, GrayStreet’s director of development.
The number of Gensler workers in the building is unknown; interview requests to Gensler were unreturned.
A block east on Houston Street, GrayStreet is rehabbing the Grant and Kress buildings, on the 300 block of East Houston Street, which will become home to global workspace company WeWork. French expects the rehab to finish toward the end of the year.
WeWork’s San Antonio location is slated to consume 75,000 square feet of the Grant and Kress, which will be connected in the rehab. The empty lot next to the Kress building, on the corner of Houston and Jefferson streets, will be repaved for parking for the space.
WeWork, which has locations in the Dallas-Fort Worth metro area, Austin and Houston, provides desk space starting at $45 a month. Geekdom, a San Antonio-based startup workspace also on Houston Street, has memberships starting at $50 a month. French says he doesn’t see the spaces as competitors, because their target markets are different.
French said, in comparison to Geekdom, WeWork spaces are likely to attract a larger, more corporate office market, but is still capable of hosting startup companies.
There are no new details on the food court that's slated for the Grant building, in the space last occupied by the children's museum, French said.
[ Previously published: Work begins on Houston Street food hall ]