SAN ANTONIO – Editor’s note: This story was published through a partnership between the San Antonio Business Journal and KSAT.
CPS Energy employees began moving into the utility’s new headquarters on Monday.
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Construction that began three years ago and cost city taxpayers $212 million is complete, CPS Energy announced Monday. The utility sent the Business Journal photos of move-in day taken by its photographer as CPS Energy was not allowing outside personnel in the building, per pandemic regulations.
The city-owned utility looked for a new spot for years because the old headquarters, which opened as a furniture factory during Calvin Coolidge’s presidency, used a lot of energy and was too costly to renovate, Chief Administrative and Business Development Officer Frank Almaraz said.
“To meet our needs and the needs of the modern workplace, [the old headquarters] would require really extensive remodeling, and we would have to figure out where to put our employees during that time frame,” Almaraz said. “The most affordable and least business-impacting way to do this was to move to a different location.”
The new headquarters is at 500 McCullough Ave., close to the city’s growing Broadway Street corridor. At various points, its was owned by AT&T Inc. and Valero Energy Corp., and it was empty for a number of years before CPS Energy bought it in 2016, Almaraz said.
See more photos at the San Antonio Business Journal.