SAN ANTONIO – A popular midtown coffee shop might be headed for the auction block.
The CommonWealth Coffeehouse at 118 Davis Court, the first of a local chain of cafes and bakeries, is under foreclosure, Bexar County records show.
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The First National Bank of Sonora has issued a default notice on a $448,000 loan taken out in 2023. CommonWealth Coffee LLC, the ownership entity, has additional loans for more than $1.75 million, loan documents indicate.
The Broadway flagship isn’t the only property in default tied to the ownership entity. Similar notices are recorded for the residential property at 122 Davis Court next to the coffee shop and the apartment community at 930 E. Grayson St., known as The Cottages on Grayson.
In 2023, owner Jorge Herrero transferred the deeds of the Davis Court location and the East Grayson Street property to the CommonWealth ownership entity and away from Herrero & Company LLC, his property management firm.
CommonWealth has been in expansion mode in recent years. The chain set up shop in a two-story building at 203 E. Jones Ave. in 2023, bringing life back to a dormant property that was once home to Rosella Coffee. Company leaders were recently eyeing expansions into Stone Oak and the Port San Antonio area.
The company’s locations in the Weston Centre and Hemisfair do not appear to be affected.
Former CommonWealth co-owner Marcel Arana, who left the company last year, declined to comment. Herrero did not respond to multiple requests for comment by publication time.
A foreclosure sale is slated for Feb. 4.
Editor’s note: This story was published through a partnership between KSAT and the San Antonio Business Journal.