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Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Incentives for Credit Human to move to Pearl, sources say

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The city and county are offering $8.8 million in tax and other incentives to Credit Human, a local credit union, to move its headquarters from the Northwest Side to an office tower at the Pearl, according to three people with direct knowledge of the plans.

Credit Human, which is the third-largest credit union in the local area, was known as the San Antonio Federal Credit Union until earlier this year. The new headquarters would be at 1803 Broadway, where Silver Ventures, the development firm owned by billionaire Christopher “Kit” Goldsbury that developed the Pearl.

The development has a $113 million price tag and will include 310,000 square feet of space and 958 parking spaces, according to the Midtown TIRZ agenda. It’s unclear whether Silver Ventures or the company would build the structure.

The credit union has been based in a building at 6061 I-10 West with more than 100,000-square feet of space, according to the Bexar Appraisal District. Some corporate employees work in a building at the northeast corner of U.S. 281 and Loop 1604 with just over 42,000 square feet of space.

Click here to read the original article: Credit Human to move to Pearl, sources say Express News 9-8-2017

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