<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4G9FYP_1GyaVQLd00" alt="https://img.particlenews.com/image.php?url=4G9FYP_1GyaVQLd00" width="750" height="563" ><figcaption>Broadway East San Antonio was lauded as a luxury shopping and residential destination. But its future remains a mystery. (Zachary-Taylor Wright/MySA)</figcaption></figure>For years, there have been hopes for a new walkable shopping district to somewhat counter the food and dining destination across the street, the Pearl District. But it’s in limbo, and nobody seems to know (or is willing to say) what the fate of the <a href="https://www.mysanantonio.com/business/article/grayson-street-san-antonio-22355500.php" target="_blank" rel="noopener nofollow">Broadway East (BESA)</a> development is – despite claims from a cohort of local real estate agents that the first phase will be done in early 2027.“I do not have one at this time.” That’s the brief response MySA received from a Fulcrum San Antonio representative – one of two local developers that teamed up to tackle the BESA project – when asked for an updated project timeline.It underscores concerns about a stalled development. The <a href="https://www.mysanantonio.com/business/article/broadway-east-18419875.php" target="_blank" rel="noopener nofollow">Broadway East</a> website, which once boasted splashy renderings and store promises, is down. Now it simply displays a “website expired” message – a familiar sign of a stalled development. It draws parallels to the Essex Modern City development promise on the Eastside of San Antonio, which is now facing lawsuits after investor disputes.In its earlier announcements – before the family infighting that led to lawsuits at Fulcrum Development, as reported by the San Antonio Express-News – the BESA development was a joint project with GrayStreet Partners under BESA Land Partners. It was marketed as an upscale shopping destination, with visions of designer stores (Gucci was name-dropped at one point) and luxury apartments.Early renderings showed promising structures on what has otherwise been an untouched dirt lot between the now-vacant Pig Stand lot – another failed boutique-hotel vision – and the 1800 Broadway Apartments. The property was to be transformed into towering buildings with rock-and-wood façades featuring sharp architectural angles.This development was slated to be a welcome addition to a burgeoning downtown extension. Just north of the Jefferson Bank Building, Terry Black’s Barbecue is about to open its new eatery, and a hotel and bathhouse are planned next door in 2028.<a href="https://www.mysanantonio.com/business/article/grayson-street-san-antonio-22355500.php" target="_blank" rel="noopener nofollow">Grayson Street,</a> a side street in the middle of it all, is coming into its own as a destination for dining and nightlife. And there doesn’t seem to be much concern about competition with smaller businesses. In fact, Patrick Shearer, a partner with On Tap Investments, which is underwriting the Grayson District Instagram account, previously described it as an excitement driver for business up and <a href="https://www.mysanantonio.com/business/article/broadway-business-boom-san-antonio-21279451.php" target="_blank" rel="noopener nofollow">down Broadway</a> or tucked away on Grayson.“If you’re a pizza shop in New York City, you’re not concerned if another pizza shop opens up in the next block or across the street because there’s just so many people and so much activity that it builds on it,” Shearer said. I feel the same way. I think the more it becomes a hub [the better]. And these little micro-districts, I think, each have their own different personalities and attract people looking for different things.”But whether this shiny new district that caught the eye of realtors and local social media influencers will ever get off the ground remains a mystery. MySA reached out to District 1 Councilwoman Sukh Kaur and GrayStreet Partners but did not hear back by publication time.Sign up for MySA newsletters <a href="https://www.mysanantonio.com/newsletters/" rel="nofollow">here</a>Read the original article on <a href="https://www.mysanantonio.com/business/article/besa-san-antonio-shopping-22507215.php" rel="nofollow">mysanantonio.com</a></div></body>

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The once-flashy project was pitched as a new destination in a booming San Antonio corridor. But here's what developers are saying now.

A booming San Antonio corridor has a big development question

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A booming San Antonio corridor has a big development question

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