McCombs family buys prime real estate near Pearl, next to San Antonio Museum of Art, from CPS Energy
McCombs Family Partners Ltd. purchased 5.9 acres next to the San Antonio Museum of Art for $29.5 million from the city-owned utility this week.
“It’s not something we’re looking at,” Adams said. “We’re not going to rule anything out, but it’s not currently part of our plans.”, 95, started his real estate dealings as a young man in Corpus Christi before coming to San Antonio, Adams said. Its holdings include automotive operations and dealerships, which is the core business; McCombs Energy, which holds oil and natural gas resources; McCombs Properties, which focuses on real estate and development; McCombs Partners, which invests in companies; and a philanthropic foundation, Adams said.
McCombs Properties offered to buy more than the 3.5 acres, envisioning a development that would “create a union” between the museum and Pearl, Adams said.
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