Austin company purchases Lone Star Brewery

A pickup game of basketball takes place Tuesday near the old Lone Star brewery. Austin developer Aqualand purchased the industrial site in April. A pickup game of basketball takes place Tuesday near the old Lone Star brewery. Austin developer Aqualand purchased the industrial site in April. Photo: John Davenport /San Antonio Express-News Photo: John Davenport /San Antonio Express-News Image 1 of / 101 Caption Close Austin company purchases Lone Star Brewery 1 / 101 Back to Gallery

The old Lone Star Brewery site has been sold to AquaLand Development, the Austin real estate company confirmed Tuesday afternoon. 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 theater, 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 leveling 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.

Many observers see the old Lone Star Brewery’s potential as being similar to the Pearl, but south of downtown. Like the Pearl, the Lone Star Brewery industrial site faces the river — but the Mission Reach portion instead of the Museum Reach.

bolivo@express-news.net

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