Since hiring an international real estate brokerage firm in 2018, CPS Energy has struggled to sell its former Jones Avenue Service Center at 326 W. Jones Ave.
BH Properties of Los Angeles announced last week that it’s preparing to start refurbishing CPS Energy’s former office building on Navarro Street into what it describes as a mixed-use destination on the River Walk.
Downtown developer GrayStreet Partners on Thursday purchased a one-acre parking lot from CPS Energy, next to the Mexican Consulate and across from the Tower Life Building, in the heart of downtown.
CPS Energy has sold its former headquarters at 145 Navarro St. on the River Walk to a real estate company that plans to renovate it into a hotel.
L.A.-based BH Properties plans to launch a $9 million renovation of the 10-story office building it purchased from CPS Energy later this year.
Los Angeles-based BH Properties plans to refurbish CPS Energy’s former River Walk office building, while adding a street-level restaurant.
CPS Energy has sold a 10-story office building and parking garage on the River Walk to a Los Angeles real estate firm.
The build-out of CPS Energy’s new headquarters at McCullough Avenue and Avenue B is on schedule for mid-2020, the utility said recently.
The utility is preparing to sell six prominent downtown properties, including its 10-story, River Walk headquarters and the circa-1959 Villita Assembly Building.