The long‑running Residence Inn complex at 2777 Zuni Street is coming down, piece by piece, as demolition crews rip through the low, two‑story buildings spread across roughly four acres just north of Speer Boulevard. Heavy equipment is now a regular sight for neighbors and commuters, and the teardown clears one of LoHi's larger single sites for a new wave of housing in a part of the neighborhood already buzzing with apartment plans.
Crews from American Demolition are dismantling the former hotel and hauling debris off-site, according to BusinessDen. Public records show San Antonio‑based Kairoi Residential bought the parcel in December for about $39 million, which works out to roughly $231 per square foot, and the company’s materials outline a five‑story, 429‑unit apartment project in its place. Built in 1982, the Residence Inn operated as a spread of smaller, interconnected structures rather than a single tower, which is why the demolition appears as a series of quick hits across the lot.
Plans and previous filings
Trade reports and city paperwork have traced the evolution of the proposal over the past year. Kairoi picked up the decommissioned hotel for about $38.9 million, and subsequent coverage has described unit counts drifting into the low‑ to mid‑400 range as designs were refined. The Real Deal reported that the developer has already submitted multiple versions of its plans while the city continues its review.
Site features and neighborhood context
Earlier submittals reviewed in 2024 characterized the property as a collection of 21 small buildings slated to be replaced by a single, consolidated five‑story complex with a multi‑level parking structure, according to BusinessDen. The stretch where Zuni meets Speer has already drawn several multifamily proposals, with nearby parcels under consideration for more apartments, so this project is arriving in the middle of an active development corridor. Kairoi has a busy pipeline in the region, which gives the firm some local reps as it lines up for the construction phase.
What comes next
With the hotel structures coming down, the next hurdles are permit sign‑offs and final design approvals before any vertical construction can start. Industry coverage noted that by late last year, the city was working through multiple rounds of review, so the schedule now depends on how quickly Kairoi can address remaining feedback from planners and neighbors, according to The Real Deal.
The corner of Zuni and Speer is set to change quickly as demolition wraps and the site is graded and staged for building. Keep an eye on local permit filings for a clearer construction timeline. We will continue tracking updates and permit notices as the project moves from teardown to build‑out.
