San Antonio, Texas, May 17, 2018 (GLOBE NEWSWIRE) -- DC Partners announced it has achieved a major milestone, selling 60 percent of the condominium homes in The Arts Residences at the Thompson San Antonio hotel since its sales office opened last May.
“We are proud of reaching 60 percent sold in a year! The interest in this property is increasing daily, and we are continuing to see a large influx of buyers from the San Antonio area,” said Roberto Contreras, CEO of DC Partners, which is developing its first project in the San Antonio market. “Homebuyers are recognizing the unique nature and timeless value of The Arts Residences, and San Antonio will benefit enormously from this project, which creates jobs and boosts the local economy.”
Most of the residential condominiums sold in The Arts Residences thus far have been purchased by longtime San Antonio residents from the city’s upscale neighborhoods who are transitioning to a centrally located, highly secure, genteel lifestyle. Living at The Arts Residences will put them at the epicenter of San Antonio’s performing arts, dining and shopping district. It is the first downtown high-rise luxury development to offer the location and range of services these discerning buyers have long sought.
In its March 2018 issue, Money Magazine named The Thompson Hotels the “Best Luxury Hotels” in the United States, after analyzing 31 hotel brands rated four or more stars and with an average nightly room price of $300-plus. “If you’re going to pay high prices, make sure you’re getting a hotel that has a track record of excellence,” the article said. The boutique hotel chain has 10 hotels and resorts across four states and is building out quickly, with seven more hotels under development, including the Thompson San Antonio.
“This will soon be the most coveted residential address in San Antonio,” said Karla Dupre, director of sales for Kuper Sotheby International Realty, which exclusively handles sales for The Arts Residences at the Thompson San Antonio hotel. “Seven of these incomparable, über-luxurious condominium homes sold within the past few weeks. We still have a great unit mix with incredible views available, we encourage interested parties to visit the sales office sooner, rather than later.”
Owners will enjoy round-the-clock security and an array of onsite amenities, including a restaurant with a world-class chef; a 5,000 square-foot pool deck with cabanas and pool bar; a lavish, relaxing spa; a state-of-the-art fitness center; and 24-hour room service and concierge service. The for-sale residences are priced from the high $400s to over $4.5 million for penthouses. The general contractor for the project is San Antonio-based Jordan Foster Construction.
The Arts Residences at the Thompson San Antonio Hotel is slated for completion in the first quarter of 2020. For more information please visit http://theartsresidences.com or contact our sales gallery to schedule your tour at (210) 227-4840.
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About The Art Residences at the Thompson San Antonio
The Arts Residences at the Thompson San Antonio hotel is San Antonio’s premier River Walk address, with luxurious surroundings, refined details, private entrance, concierge service for residents and 24-hour security. Located in the epicenter of San Antonio’s vibrant performing arts district, the 337,000-plus-square-foot mixed-use development encompasses The Arts Residences’ luxury-living condominiums atop San Antonio’s first Thompson Hotel and a restaurant with a world-class chef. Developed by DC Partners and San Antonio-based Universal Service Group, and designed by Powers Brown Architecture, the project is scheduled to be completed in first quarter 2020. The Arts Residences at the Thompson Hotel is exclusively marketed by Kuper Sotheby’s International Realty. For more information, visit http://theartsresidences.com .
About DC Partners
DC Partners is a real estate development and investment firm with the financial strength and expertise to complete projects of all sizes and asset types, including high-quality high-rise, mid-rise, mixed-use and suburban projects. The company uses a broad range of investment strategies to pursue acquisition and development opportunities through the EB5 program, as well as traditional development approaches. Well-known for its landmark projects, DC Partners’ portfolio consists of more than 1.5 million square feet, with properties including office facilities, mixed-use centers, hospitality, multi-family, residential communities and luxury high-rise condominiums. Among its most recent luxury condominium projects are the Cosmopolitan, Astoria, Arabella, Marlowe, Chateau Ten and the Arts Residences at the Thompson San Antonio. For more information, visit http://www.dcpartners.com .
Attachments
Lesley Hile Ford The Arts Residences at the Thompson San Antonio 5123635160 lesley@theprboutique.com
