he far eastern edge of Exchange Avenue in the Stockyards these days is bustling with construction activity, all of it designed to bring the land use up to a modern iteration of the historic corridor, where in yesteryear good fat steers and hogs awaited their fate on the food chain.
Those were the days, Upton Sinclair.
The tools of excavation are at work redefining 400 E. Exchange Ave. into the almost $50 million multifamily development that San Antonio-based Kairoi Residential has in mind. The first phase of a planned 770 units is under way. This stage will be 418 units at a cost of $35 million, according to documents filed with the state.
Adjacent to that development is the $8 million renovation of the historic Armour Office Building by U.S. Energy Development Corp., which will move its headquarters from Arlington to the property at 601 E. Exchange Ave.
The oil and gas investment company purchased the 51,000-square-foot building in August 2022.
