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Jan. 21, 2013

Dave & Buster’s to invest $15M in SA Venue

By Camelia Bulea, Associate Editor

Dallas-based Dave & Buster’s announced plans for a new dining, arcade and entertainment venue at Rivercenter Mall, in downtown Alamo City. The new Dave & Buster’s will be located in the former Joske’s building and should be open in the summer of 2014.

The company plans to invest $15 million in a 33,000-square-foot venue, part of a larger redevelopment of the downtown shopping center that opened its doors in 1988, according to the San Antonio Business Journal. The location is a “dynamic tourist destination” and attracts a large number of visitors, according to the company.

REATA Real Estate handles leasing for the mall. According to its Web site, the mall is currently undergoing Phase I of the redevelopment project, which includes the addition of as many as five restaurants off Commerce Street. Moreover, the master plan includes the addition of at least one hotel anchor, along with space for retail, entertainment and restaurants, as well as a rebranding to “The Shops at Rivercenter.”

Rivercenter Mall is owned by New York-based Ashkenazy Acquisitions Corp., which bought the property in 2005.

Dave & Buster’s, which owns about 60 dining-and-arcade locations, recently unveiled a new flagship in Dallas that is considered to be a model venue for future locations. The Dallas flagship store is 44,000 square feet, featuring 170 different games, a full restaurant, a towering bar and large TV screens to watch sports, according to the Dallas Business Journal.

Rendering of the Rivercenter Mall courtesy of REATA Real Estate.

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