Downtown San Antonio has risen to the forefront on the national stage. Foodies, history buffs, travel writers, and big business – everyone is talking about “Top Ten” ratings and accolades for a city undergoing a robust urban renaissance. With the demand for luxury high-rise living on the rise, here’s a comparison of two luxury unique condominium properties now selling downtown living in San Antonio.
- LOCATION: ADVANTAGE ALTEZA
With the River Walk expanding to the north and south of the city center, entertainment and dining options have followed. Alteza Residences above the Grand Hyatt gains an edge on the Broadway for its epicenter location. Southtown, the Tobin, Majestic Theatre, Riverwalk Mall, Hemisfair, LaVallita and downtown museums are all within walking distance. Direct access to the River Walk and the Rio Taxi bring The Pearl and the historic San Antonio Missions within reach of a short boat ride. The Broadway is located near the popular Pearl Brewery, but outside a comfortable walk to other prime areas. Give the advantage to Alteza on location.
- ENERGY LEVEL: ADVANTAGE ALTEZA
The Broadway is located in a quieter area of town and may be a better choice for those seeking a low-key destination. While Alteza residents find themselves in the heart of the action, they also enjoy the privacy and seclusion that separates them from the hotel guests. Private garage parking, secured access, separate elevators stacks, private rooftop amenities and a 24/7 concierge ensure it stays that way. With fun-filled car shows, holiday events, marathon races, art festivals, river parades and endless events at the Convention Center – boredom is never an option at Alteza.
- INTERIOR FINISH: ADVANTAGE BROADWAY
While both properties boast luxury interiors, The Broadway has a slight edge over The Alteza from a technology standpoint. Each offers luxurious finishes and top-of-the-line appliances with names like Bosch and Sub Zero, but Broadway takes it high tech getting the nod in this category.
- PRICE POINT/VIEWS: ADVANTAGE ALTEZA
2 Bedroom residences at The Broadway start in the $700,000 range for low levels in the building (2nd – 4th). Alteza Residences occupy the 25th to 32nd floors above the Grand Hyatt, and 2 Bedroom Residences are priced from $590,000. Better views and lower pricing makes Alteza the winner here.
- COST OF OWNERSHIP: ADVANTAGE ALTEZA
Alteza’s unique location above the Grand Hyatt means the Hyatt pays a substantial amount of the maintenance. Utilities, maintenance and insurance is shared creating a beneficial HOA structure for Alteza residences. As a stand alone building, the Broadway simply can’t compete on this issue. And Alteza’s hotel connection brings additional added benefit of easy access to Ruth’s Chris, Perks Coffee Shop, Bar Rojo, Room Service and a Fed Ex Kinkos.
Sales are strong in both buildings as the market recognizes the limited supply of inventory in this hot market. To learn more about the remaining inventory at The Alteza, click here.