A $63 million project to rehabilitate the historic Granada Homes senior apartment tower is set to begin this month under a new partnership that no longer includes the San Antonio Housing Authority.
The $51 million renovation of the Granada Homes building on South St. Mary’s and Villita streets includes restoring the common areas to look almost exactly as they did when the building opened in 1928 as the Plaza Hotel.
A growing number of advocates are demanding that the City of San Antonio stop using property tax exemptions to build housing, while Texas lawmakers have a similar debate in Austin.
For most of the week, the Granada Homes’ elderly residents had no water or heat. As of Saturday morning, things are starting to return to normal.
An Austin real estate firm has purchased a three-story historic office building on the River Walk in a fast-growing part of west downtown.
The 249 units at the Granada Homes will be renovated, and will continue to serve low-income seniors after completion, officials said.