What is the Friedrich Lofts project?

Friedrich Lofts is a redevelopment project transforming a former air conditioning plant in San Antonio's East Side into 347 residential units. The project represents a $65 million total redevelopment, with half of the units designated as affordable housing. The site had been vacant for 30 years before this adaptive reuse project began.

How much did SDS Capital Group invest in the Friedrich Lofts project?

Through its American South Real Estate Fund (ASREF), SDS Capital Group invested $10.6 million in the Friedrich Lofts project. This investment was ASREF's largest deal at the time and enabled the long-awaited redevelopment to finally move forward.

Where is the Friedrich Lofts project located?

Friedrich Lofts is located at 1617 E. Houston Street in San Antonio's East Side neighborhood. The approximately 6-acre site is less than 2 miles from downtown San Antonio and serves as a gateway to the historic East Side community.

What makes this project significant for the community?

The project is significant because it transforms a 30-year vacant industrial site into much-needed housing in a community with a 36% poverty rate. By providing 347 units with 50% designated as affordable housing, it addresses housing needs while revitalizing the East Side neighborhood and creating a new downtown gateway.

Who covered this investment in the media?

Mitchell Parton of the San Antonio Business Journal covered SDS Capital Group's investment in the Friedrich Lofts redevelopment. The coverage highlighted how this equity investment allows the $65 million redevelopment project to finally move forward after years of planning.

August 11, 2020

SDS Investment in San Antonio, TX Highlighted in San Antonio Business Journal

Mitchell Parton of the San Antonio Business Journal covers SDS Capital Group’s investment to redevelop Friedrich Lofts, a former air conditioning plant that will be transformed into 347 residential units (half of which will be affordable units). To read the full article, click here: Equity Investment Allows $65M Redevelopment Near Downtown to Finally Move Forward.