SAN
ANTONIO, Sept. 18, 2023 /PRNewswire/ -- A
transformative redevelopment project is set to redefine the
commercial real estate landscape in San
Antonio. The Allen,
situated in the Monte Vista Historic District at the corner of
Ashby and McCullough Ave, is
breathing new life into the former Allen's Flowers & Antiques building,
located less than a mile from the renowned Pearl Brewery. This
innovative project, led by Headwall Investments, LLC, aims to
create high-end creative office spaces while leveraging various
government incentive programs to promote sustainability.
Key project details:
- Historic Redevelopment: The Allen pays homage to the rich history of
San Antonio and its architectural
treasures. This historic preservation effort seeks to restore the
former Allen's Flowers &
Antiques building to its former glory, ensuring the preservation of
its unique character within the Monte Vista Historic District.
- Creative Office Space: The property's transformation includes
the development of dynamic common areas and high-end creative
office spaces, designed to cater to executives and professionals
from diverse industries. A significant portion, 25%, will be
occupied by the developer, Headwall Investments, LLC.
- Government Incentives: The Allen is taking full advantage of various
government incentive programs to support sustainable development.
These incentives include Federal and State Historical
Rehabilitation Tax Credits, Property Assessed Clean Energy (PACE)
financing, the Federal Solar Investment Tax Credit (ITC) program,
and City of San Antonio Historic Rehabilitation Property Tax &
Permit Fee Abatements. The property has even earned the prestigious
New Buildings Institute's Cirrus Low Carbon designation.
- Project Team: The success of The Allen project is attributed to a collaborative
effort by an exceptional team. Studio8 Architects, Pape-Dawson
Engineers, Guido Construction, and
Big Sun Solar have combined their expertise to bring this vision to
life. Development and leasing services were expertly handled by
JLL. Financing for the project was provided by Broadway Bank and
PACE Equity, LLC. Historic rehabilitation tax credit services were
rendered by Ryan, LLC, and Novogradac.
George Wommack, CEO of Headwall
Investments, LLC, expressed his vision for The Allen, saying, "Our mission with The
Allen goes beyond real estate
development. We are not just preserving history; we are creating a
dynamic and sustainable future. This project is a testament to our
commitment to the community and our dedication to innovation."
With The Allen, San Antonio is not only preserving its
historical treasures but also embracing sustainable development,
all while fostering a thriving business environment. This
redevelopment project represents a shining example of how
government incentives and private enterprise can work hand in hand
to create a more vibrant and sustainable urban landscape.
For media inquiries, please contact:
CONTACT NAME EMAIL PHONE NUMBER
About Headwall Investments, LLC:
Headwall Investments, LLC is a San
Antonio based real estate investment and development firm.
The company was founded in 2019 by George
J. Wommack and focuses on acquiring, developing and
redeveloping commercial real estate in Texas. For more information on Headwall please
visit https://headwallinvestments.com or call
210-343-2186.
Contact:
Henry Vaughan
713-992-0221
henry@headwallinvestments.com
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SOURCE Headwall Investments, LLC