San Antonio – In a move that promises to usher transformational growth to the University of the Incarnate Word, a bid from the University to purchase the current AT&T office building located next to UIW has been accepted by the telecom company. Details of the agreement are not being disclosed at this time and is pending approval of the UIW Board of Trustees in June.
“This is a once-in-a-generation opportunity that starts a new exciting chapter for this historic university and for San Antonio,” says Dr. Thomas M. Evans, UIW president. “We are so grateful to be afforded the opportunity to be good stewards of this property. With the headwaters of the San Antonio River located just a few yards away from the existing campus, this move further establishes our presence along the river and the busy growing Broadway corridor. Our plan is to be patient and meticulous about the development of this space and take the time to maximize its potential to best serve the entire community.”
Located at 4119 Broadway, the 10-acre property includes an eight-story building with approximately 350,000 square feet of office space, a 500-car parking garage, and a surrounding lot. The acquisition will expand the footprint of the UIW Broadway Campus by 20 percent.
“As a growing University, this is a transformational move for UIW,” says Charles Lutz, chairman of the UIW Board of Trustees. “This was a rapid bidding process and we had a great team of Trustees leaders and consultants who helped put together quick responses that required on-the-spot decision making. But make no mistake about it, the effort to land this property goes well beyond the walls of this University. We are so very grateful to everyone in the public and private sector throughout San Antonio who reached out and supported our efforts.”
A formal timeline on the transition of the property from AT&T to UIW has not been established. For the time being, AT&T will continue to occupy the building and utilize the property.
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