The famous Nix building will soon take on a new look, this time as a combination restaurant/apartment building. The San Antonio Business Journal reports Innjoy Hospitality is looking to convert the building into a multifamily development with 329 apartments and a ground-floor food and beverage component. XA Collective Architecture + Planning and HM3 Engineering and A-1 Engineering are part of the development team.
The building, which has been closed since 2020, opened as the J. M. Nix Professional Building in 1930 and was later known as the Nix Medical Center. It was a 208-bed acute care hospital located at 414 Navarro Street in downtown San Antonio.
The Nix was the largest and tallest hospital in the United States. During its formal opening it boasted a basement with a cafeteria, tailor shop, and barbershop; a main lobby with marble floors and brass fixtures; eight floors of parking space; ten floors of office space; and a 200-bed hospital on the top six floors.
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
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Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
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Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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