Downtown events are back on the market

SAN ANTONIO – The Villita Assembly Hall, a downtown events center on the south banks of the San Antonio River in historic La Villita, is for sale.

CPS Energy, owner of the nearly 25,000 square foot building, confirmed it was back on the market. But utility company officials did not disclose the sale price.

A listing by CBRE shows an asking price of $6 million for the property. CBRE officials were not available for comment at press time.

The event center, one of the first in the United States with an inverted domed roof, was built in 1959, ahead of the HemisFair ’68 World’s Fair. It has served as a key gathering place for several festivals, including Fiesta, and has hosted a variety of concerts and other events over the years.

Asked what he would like to see become of the hall, CEO of Hemisfair Park Area Redevelopment Corp. Andres Andujr said: “A use that attracts locals and visitors, creating a buzz and energy in the area by connecting to surrounding assets including the River Walk, La Villita and Hemisfair.

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The business newspaper announced early 2020, just days before COVID-19 was declared a pandemic, that CPS had found a buyer for the venue and planned to seek board approval for a sale. At the time, the property’s most recent appraised value was $13.8 million.

It’s unclear who the potential buyer was or what happened to the deal. The Hall was one of several properties that CPS put up for sale in 2018.

Editor’s Note: This story was published through a Partnership between KSAT and the San Antonio Business Journal.

Read the full story on the San Antonio Business Journal.

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David H. Henry