USA, TX: Austin company purchases Lone Star Brewery

The old Lone Star Brewery site has been sold to AquaLand Development, the Austin real estate company confirmed on May 5. The sale price was not disclosed.

AquaLand wants to turn the site into a mixed-use development that could include a microbrewery, multifamily housing, a theatre, music venues, restaurants, a farmers market, retail, offices and parks, according to a news release.

“It’s going to be more targeted to the south part of town,” AquaLand Vice President Mark Evans said. “We’re going to do everything we can to preserve the historical features … there’s a lot of folks who have been in South San Antonio for a long time, and we’re listening to their wants and needs. So, there’s no levelling of buildings that’s going to happen here.”

AquaLand has purchased roughly half of the 60 acres from the Newell family, with an option to purchase the other half at a later date. The initial purchase includes the old brewery, cannery building and the grind shop.

08 May, 2015