The redevelopment is a first in San Antonio for Clearinghouse CDFI, which hopes the project will raise the lender's profile in the city.
Modern chandeliers hang from the original beams of the century-old Henry Terrell Building, where construction is drawing to a close.The original wood floors have been repaired and refinished signaling the final days on redevelopment of a century-old building in downtown San Antonio.
“We really want to do more in San Antonio,” he said. “Another reason sometimes we go into communities and do this is so that people know who we are and there’s more opportunity for work.” “We’re primarily a lender … and we’re obviously interested in working with cities that are doing some of the transformative work that is occurring now in San Antonio,” Bystry said.
Bystry said a mix of retail and food and beverage again would be suitable for the first floor space, where modern chandeliers hang from the original beams in front of large shop windows facing Alamo Street.The upper floors are ideal for a law firm, insurance or banking business, Bystry said.
In June 2022, Clearinghouse filed for historic tax certification, which will make the property owner eligible for tax breaks. The building was last assessed at $1.5 million, according to tax records.
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