“Together with our partners, we are exploring the opportunity to sell all or part of the Lone Star District,” Midway confirmed in a statement, noting that the firm often considers such sales throughout the development cycle of its projects.”In May, despite previous failed attempts by others to redevelop Lone Star, Covey said he wanted to rescue the once-popular area from nostalgia and that he was optimistic his group had the right vision and enough bandwidth to advance its plan.
“We feel like we have a lot of flexibility to do something cool,” he said, noting that Midway brought additional experience to the table.“While we remain eager to work in San Antonio, Lone Star District is first and foremost a land investment,” Midway added in its statement. “We constantly evaluate current market opportunities on our investment in order to maximize value for our investors.”