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Texas  + San Antonio  + Apartments  | 
Provident spending $93M to convert shuttered industrial site into new apartments in San Antonio.

Rundown San Antonio Industrial Campus to Become Apartment Units

It’s not one of San Antonio’s bright spots. The old Friedrich industrial complex is a rundown, desolate array of structures. They’ve been sitting there vacant, on 1617 E. Commerce St., for 30 years.

It’s taken five years since a developer was given the okay to work on the parcel, but now it’s time. The developer, Provident Realty Advisors, will need about 70 days to remove any hazardous material from the site. Project managers predict it will take six to nine months to complete the demolition work once it gets underway. When all the old material is gone, Provident plans to get started on the rental community.

The shuttered industrial building will be converted into 358 units of rental housing units, half affordable, half market rate. The project, to be called the Friedrich Lofts, carries a price tag of $93 million. The building should be done by September of 2025.


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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.

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