With construction costs and interest rates soaring, San Antonio developers are struggling to make the numbers work for their affordable housing projects.
GrayStreet Partners’ big dream for Houston Street that never materialized
In 2015, GrayStreet Partners announced it had purchased several iconic buildings on East Houston Street, and spoke of the corridor’s rebirth. Nearly seven years later, the local developer has been selling off its assets as it shifts focus, and capital, to other projects.
San Antonio Housing Trust PFC approves Friedrich Lofts project despite gentrification concerns
The controversial Friedrich Lofts project on the East Side was approved Monday by the Housing Trust PFC board, which is composed of five City Council members, despite concerns of gentrification.