High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + San Antonio  + Senior Housing  | 
SA non-profits to convert brick warehouse into Sr. Housing

SA Warehouse Repurposed to Sr. Housing

A San Antonio partnership made up of two senior housing non-profits has received approval from a local planning agency to pursue converting an old brick warehouse into a 48-unit affordable housing project for seniors.

The American Agape Foundation and Partners in Community Development received initial design approval Wednesday for its apartment project at 421 N. Medina St. The Lofts at Grocer will offer one-bedroom floorplans for 42 of the units, while the other six will have two bedrooms. The project also includes almost 21,000 square feet of office space and more than 2,000 square feet of community space in the basement.

The San Antonio Business Journal reports the developers are planning to apply for the Texas Department of Housing and Community Affairs’ 9% low-income housing tax credits to partially fund the development. The partnership still has a number of agency reviews to wade through before it can break ground.

Connect

Inside The Story

Partners in Community Development

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development