Durango Apartments in San Antonio, TX

Durango Apartments is a new 17-story multi-family residential tower under development at 427 S Presa St in San Antonio. The project includes 183,794 square feet of floor space, encompassing the main building, a lobby, a leasing office, and a four-story above-grade parking garage. This substantial addition to the San Antonio skyline is privately funded on private land. The estimated construction cost is $40,000,000, which calculates to $218 per square foot.

Project Scope and Design

Rhode Partners serves as the design firm of record for this development. The scope involves the new construction of the residential structure and its associated amenities. Rhode Partners has a significant portfolio in Texas, with six other TDLR-registered projects totaling more than $432 million, including developments in Lubbock, San Marcos, and College Station. The Durango Apartments project represents a major investment in high-rise residential living in the Bexar County area.

According to the TDLR filing, the registered accessibility specialist is Celia R Boyle. The project was registered with the Texas Department of Licensing and Regulation in July 2026. Plan review was completed in September 2026. Construction is scheduled to begin in January 2027 and is scheduled to finish in December 2028. This timeline indicates a build window of approximately 730 days, which is longer than the county median of 208 days for similar new construction filings.

Location and Market Context

The site is located in ZIP code 78205, an area with a median household income of $34,631 and a median owner-occupied home value of $470,200, according to U.S. Census estimates. The housing stock in this ZIP code is predominantly renter-occupied. Local coverage reported that the project is near Hemisfair, positioning it in a high-traffic part of the city. The estimated cost of $40,000,000 places this project in the top quarter of estimated costs for new construction filings in Bexar County, where the median is $600,000.

The project owner of record is Durango Owner, LLC. The TDLR status is listed as Review Complete. Bexar County unemployment was 4.7 percent in July 2026, higher than a year earlier, according to FRED data. The development aims to provide modern residential options in a densely populated urban environment. The specific inclusion of a four-story parking garage suggests a focus on accommodating vehicular access for residents and guests in a downtown-adjacent location.