San Antonio closes on $30M land deal to advance Project Marvel
The government listed the properties as surplus last year
James McCandless,, San Antonio Business Journal
Hemisfair and Henry B. González Convention Center in downtown San Antonio in May 2026. (KSAT)
SAN ANTONIO – Federal property eyed as key for Project Marvel has sold to the city.
The General Services Administration (GSA) and the city of San Antonio announced Monday the closing of a $30 million deal for three parcels to support the proposed sports and entertainment district known as Project Marvel. The city now owns the federal office building near Hemisfair at 727 E. César E. Chávez Blvd. and two parking lots at 610 and 611 Indianola St.
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Government occupants in the federal building will lease back the property for up to five years. City Manager Erik Walsh said the sale is a step in the right direction for downtown.
“This $30 million purchase, funded by the Spurs, gives the City a chance to help guide future growth and redevelopment in the heart of our city as we work toward a downtown Sports and Entertainment District and a new Spurs arena,” he said in a statement. ”We appreciate the U.S. General Services Administration’s partnership in getting this done.”