Marsh McLennan Agency in San Antonio, TX

Marsh McLennan Agency San Antonio completed a $850,000 renovation at the Soto Building in downtown San Antonio. The project, located at 711 Broadway on the 5th Floor, expanded the existing tenant space to include the entirety of that floor. This interior alteration covers 7,000 sq ft of office space. The work was privately funded for private use on private land. The Texas Department of Licensing and Regulation (TDLR) registered the accessibility plan in April 2025 and completed the plan review in the same month. Construction was scheduled to begin in July 2025 with a completion date of December 2025. A final inspection passed in January 2026, and TDLR closed the project file in October 2026, which marks the end of the accessibility review process for this construction.

Project Scope and Cost

The renovation involved expanding the interior footprint to utilize the full 5th floor. The total estimated cost was $850,000, resulting in a cost of $121 per square foot. This figure is above the county median of $85 per square foot for similar renovation and alteration projects in Bexar County. The project’s scheduled build window of 149 days was longer than the county median of 103 days. The estimated cost of $850,000 places this project in the top quarter of costs for its type in the region, where the median estimated cost is $250,000.

Ownership and Design

CBMB Office Properties, LLC is the owner and developer of record for the Soto Building. IA Interior Architects, Inc. served as the design firm of record. IA Interior Architects has registered other TDLR projects totaling $18,162,450, including work at Three Galleria Towers in Dallas and multiple projects at The SOTO in San Antonio. CBMB Office Properties, LLC has six other TDLR-registered projects totaling $10,440,000, including The Showroom Building and several iterations of The SOTO projects in San Antonio.

The Soto Building is situated in the Downtown neighborhood of San Antonio, within Bexar County. The surrounding area includes businesses such as Pete's Tako House, Sonesta ES Suites San Antonio Downtown Alamo Plaza, and VFW Post 76. Nearby landmarks include Spring Garden Flower Shop and First Baptist Church of San Antonio. The ZIP code 78215 has a population of about 3,258, with a median household income of $82,128. Housing in the area is predominantly renter-occupied, with 3,029 housing units and a median owner-occupied home value of $486,100. City of San Antonio permit records show three permits issued at this street address between July 2025 and December 2025, including maintenance, plumbing irrigation, and mechanical permits.