$300 million redevelopment of Lone Star Brewery in jeopardy

Aqualand and CBL planned to redevelop the brewery complex with a boutique hotel, several apartment complexes, 105,000 square feet of office space and 271,000 square feet of retail and entertainment space. Aqualand and CBL planned to redevelop the brewery complex with a boutique hotel, several apartment complexes, 105,000 square feet of office space and 271,000 square feet of retail and entertainment space. Photo: CallisonTRKL /Courtesy Of Aqualand Development And CBL & Associates Properties Inc. Photo: CallisonTRKL /Courtesy Of Aqualand Development And CBL & Associates Properties Inc. Image 1 of / 44 Caption Close $300 million redevelopment of Lone Star Brewery in jeopardy 1 / 44 Back to Gallery

The highly-anticipated $300 million redevelopment of the Lone Star Brewery is in jeopardy after one of its two partners recently withdrew from the project.

CBL & Associates Properties of Chattanooga, Tennessee decided to pull out of a partnership with Aqualand Development of San Marcos after learning “information” about the firm’s president, Mark Smith, said David Neuhoff, CBL’s vice president of development. He declined to say what the information was.

The project was originally expected to break ground this summer but is now on hold, Neuhoff said. Aqualand bought the former brewery in 2015. Last year, the firm signed on CBL, which took charge of the project’s leasing and its applications for city approvals.

CBL is still interested in working on the project, Neuhoff said. But the firm will not participate in the redevelopment as long as Aqualand is involved, CBL spokeswoman Trish DeBerry said.

Smith didn’t immediately respond to a request for comment on Tuesday afternoon.

rwebner@express-news.net

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