The century-old Henry Terrell Building in downtown San Antonio has been redeveloped and welcomed its first tenants: local startup Irys Technologies and workforce development company Kaduceus.
Modern chandeliers hang from the original beams of the century-old Henry Terrell Building, where construction has now been completed.With the redevelopment of the Henry Terrell building complete, the first two business tenants have moved into the historic downtown structure. Located at 212 N. Alamo St.
, the Henry Terrell building is now home to the headquarters of the thriving local startup Irys Technologies, as well as the San Antonio office of the Houston-based workforce development company Kaduceus.Built in 1909 by lawyer Henry Terrell, the son of a prominent businessman, the building’s brick Renaissance Revival-style structure cost about $4.8 million to renovate, said Donald Degollado, an opportunity zone development manager at Clearinghouse. California-based Clearinghouse acquired the building in July 2019 through a partnership, ALAMO QOZB LLC. Renovations were finished in 2023. Degollado, a San Marcos resident, said he and his peers are excited to have “high value” tenants such as Irys Technologies and Kaduceus move into the historic building. The Henry Terrell building is Clearinghouse’s first San Antonio investment, Degollado said, adding that the community development financial institution, or CDFI, is excited to be breaking into downtown San Antonio. CDFIs are specialized financial institutions that provide financial products and services to populations and businesses located in underserved markets. “The big takeaway is we’re thrilled, for lack of a better word, to be in San Antonio, and we’re looking to grow our presence — to grow our trajectory here,” Degollado told the San Antonio Report. “We’re bullish on the San Antonio market.” Degollado added that Clearinghouse is still seeking potential tenants for the building’s first floor, and ideally wants to put an established retailer such as a local clothing boutique or successful coffee shop in the downstairs space
REAL ESTATE DEVELOPMENT HISTORIC BUILDINGS SAN ANTONIO TENANTS
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