Oxbow Development has been granted a 10-year, 40% tax abatement by Bexar County for the construction of two apartment complexes in San Antonio. These developments, which will consist of a total of 275 units, are estimated to cost $129 million. In exchange for this tax break, Oxbow will receive agreements worth over $1.4 million.
According to the San Antonio Business Journal, Oxbow is currently in talks with third-party funders to secure financing for their upcoming projects. This includes the Mira complex focused on parking solutions and a hotel near Hotel Emma as well as various pedestrian improvements around Pearl.
In addition to these developments, Oxbow is also considering a mixed-use project in Southtown called “Southtown Aldea.” This three-building space would transform the former location of the San Antonio Independent School District headquarters into residential and commercial properties.
