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Nod for 347-unit Friedrich LoftsNod for 347-unit Friedrich Loftshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=195762018-03-31T05:00:00Z2018-03-31T22:30:00Z

​​​​SAN ANTONIO – Provident Realty Advisors received a nod from the San Antonio City Council to redevelop a site that once housed the Friedrich Air Conditioner Company.

The project, dubbed Friedrich Lofts, is a $65 million, 348-unit apartment complex of which half the units will be affordable.

A city board agreed to start negotiating an incentive package worth up to $1.7 million for the developer.

The site on East Commerce St. includes the original 1923 building for the air conditioning company, as well as others added on through 1956.

The city council approved Provident Realty’s request to remove the local historic designation from the non-original buildings.

The 1920s building is not part of the proposal, nor pending sale to the developer.

If the design and funding are approved, the other buildings will be demolished for the apartment complex.
Connect Media
San Antonio-New Braunfels
Multifamily
https://www.connect.media/provident-gets-nod-347-unit-friedrich-lofts/

​Check out San Antonio-New Braunfels Multifamily Market Research​.

See also: Mixed-Income Apartments in the Works for Historic Friedrich Property (Rivard​ Report)

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