Alamo Heights, San Antonio, Texas, December 18, 2025
A $6.5 million redevelopment at 5307 Broadway in Alamo Heights will convert a former medical clinic into two new restaurants and office space. Led by Ridgemont Properties, the project aims to revitalize the area following the closure of the Nix medical facilities in 2019. The Alamo Heights City Council has supported the initiative with an incentive package valued at up to $2 million, which includes property and sales tax rebates. The redevelopment reflects a broader trend in San Antonio’s commitment to enhancing dining and entertainment options.
San Antonio’s $6.5 Million Redevelopment Brings New Dining Options to Alamo Heights
San Antonio, Texas – A former medical clinic in Alamo Heights is set to undergo a $6.5 million redevelopment, introducing two new restaurants to the area. The project, led by Ridgemont Properties, aims to revitalize the vacant space at 5307 Broadway, which has been unoccupied since the closure of the Nix medical facilities in 2019. The redevelopment plans include modifications for two new restaurant spaces on the first floor and office space on the second floor. The project is expected to be completed within the coming year.
The Alamo Heights City Council has supported this initiative by approving an incentive package valued at up to $2 million. This agreement provides a 100% property tax rebate for 10 years and a 75% sales tax rebate for 15 years, contingent upon Ridgemont Properties investing at least $9 million in planning and construction. Additionally, the agreement stipulates that one restaurant must be operational by the end of 2027.
This redevelopment is part of a broader trend in San Antonio, where significant investments are being made to enhance the city’s dining and entertainment options. For instance, the Grand Hyatt San Antonio River Walk recently completed a nearly $9 million renovation, introducing Moda Fare, an upscale Italian restaurant, and other upgraded amenities. These developments reflect San Antonio’s commitment to revitalizing its urban spaces and providing residents and visitors with diverse and high-quality dining experiences.
The Role of Local Investment
The resurgence of Alamo Heights is emblematic of the broader economic vitality seen throughout San Antonio. Local entrepreneurs and developers, such as Ridgemont Properties, are stepping up to transform neglected areas into thriving community hubs. Their willingness to invest in substantial redevelopment projects signifies confidence in the market and the potential for future growth.
City Council’s Support and Incentives
In a move that showcases a pro-business attitude, the Alamo Heights City Council has extended a significant incentive package to support the renovation efforts. Offering a 100% property tax rebate for the first ten years and a substantial sales tax rebate, the city aims to encourage Ridgemont Properties to proceed with their plans. Such incentives not only stimulate local economic activity but can also serve as a model for other municipalities looking to draw in investments without imposing excessive regulations.
Trends in San Antonio’s Dining Scene
This redevelopment aligns with a notable trend in San Antonio’s dining landscape, as the city actively fosters an environment where new culinary experiences can flourish. The recent renovations at high-profile locations, such as the Grand Hyatt, demonstrate a collective effort toward enhancing the city’s offerings. This added competition and diversity are likely to benefit both residents and visitors, making San Antonio an increasingly attractive destination for food lovers.
Future Prospects and Community Impact
As the redevelopment project moves forward, the potential for job creation and economic stimulation becomes evident. With two new restaurants and office space planned for the site, residents will enjoy both dining and professional options within their community. The commitment to infusing new life into vacant spaces can lead to increased property values and enhanced community engagement. Furthermore, this project serves as a testament to the positive impact of local investments on San Antonio’s overall economic landscape.
Conclusion
The $6.5 million redevelopment at 5307 Broadway represents not just a significant investment in Alamo Heights but also a broader emblem of economic growth happening across San Antonio. With robust support from local government and a strategic approach to enhancing dining and retail options, the future looks bright for both entrepreneurs and residents alike. Engaging with and supporting local projects is vital to fostering this momentum, ensuring San Antonio continues to thrive as a destination for commerce and community.
Frequently Asked Questions (FAQ)
What is the redevelopment project at 5307 Broadway in Alamo Heights?
The redevelopment project involves transforming a former medical clinic into two new restaurant spaces on the first floor and office space on the second floor. The project is led by Ridgemont Properties and is expected to be completed within the coming year.
What incentives has Ridgemont Properties received for this redevelopment?
The Alamo Heights City Council approved an incentive package valued at up to $2 million, which includes a 100% property tax rebate for 10 years and a 75% sales tax rebate for 15 years, provided Ridgemont Properties invests at least $9 million in planning and construction.
How does this redevelopment fit into San Antonio’s broader development trends?
This redevelopment is part of a broader trend in San Antonio, where significant investments are being made to enhance the city’s dining and entertainment options, reflecting a commitment to revitalizing urban spaces and providing diverse and high-quality experiences.
Key Features of the Redevelopment Project
| Feature | Description |
|---|---|
| Location | 5307 Broadway, Alamo Heights, San Antonio, Texas |
| Investment | $6.5 million redevelopment project |
| Incentives | Up to $2 million incentive package, including 100% property tax rebate for 10 years and 75% sales tax rebate for 15 years |
| Completion Timeline | Expected within the coming year |
| Expected Opening | One restaurant operational by the end of 2027 |
Deeper Dive: News & Info About This Topic
HERE Resources
Redevelopment of 5307 Broadway in San Antonio
Alamo Heights City Council Approves Office Building Revitalization Incentives
Broadway East Project Approved for San Antonio Redevelopment
Author: STAFF HERE SAN ANTONIO WRITER
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