Texas CRE News In Your Inbox.

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

Sub Markets

Property Sectors

Topics

Texas  + San Antonio  + Senior Housing  | 
Grocer Lofts to take over old National Grocery Store

100-Year-Old SA Landmark Making Way for Senior Housing

Another old concrete building is being transformed into something new and different; this time, senior housing in San Antonio. The former National Grocer Company is giving way to the Grocer Lofts, a 48-unit project headed up by American Agape Foundation and Partners in Community Development.

The San Antonio Business Journal reports the team plans to apply for the Texas Department of Housing and Community Affairs’ 9% housing tax credits to help finance the project.

The site has been owned by Austin-based real estate firm Sabot Development for the last few years. Sabot listed the property for sale at $6.2 million and is still listed as the current owner.

The building was constructed in 1919. It’s approximately 70,000 square feet and built in the style of the day, solid concrete. It’s not known if the two groups will utilize historic tax credits, and other incentives to keep the building’s unique character.

Connect

Inside The Story

American Agape Foundation

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