CPS Energy’s 6-acre property located along the River Walk is on the market, though perhaps not for long.
“It is our hope that the remaining 6 acres will become an asset for our community as well,” stated Rudy Garza, interim president and CEO of CPS Energy, in an announcement from CBRE. “We’re proud to have served our customers and community out of the Jones Avenue facility for nearly a century.” Situated near the Pearl and the central business district, the CPS Energy property has 300 feet of River Walk frontage and lies within the Midtown tax increment reinvestment zone, which could help an owner or developer recover some of the costs to develop the land.
Museum officials declined to talk about their plans for the 1-acre parcel. But staff and board members have said previously there’s a need for more storage for the museum’s collection of nearly 30,000 objects and for exhibition space to display collections and touring exhibitions.