Plans to transform San Antonio's oldest power plant is underway on the south side of the city.

The historic mission road power plant, now an abandoned building, will soon be made into a center for sustainable energy and an innovation hub called "EPIcenter."

The project costs an estimated $74.5 million. EPIcenter Chief Executive Officer Kim Britton said the 80,000 square foot center will feature everything from a think tank and conference rooms to labs for work on renewable energy production. All this, while maintaining the building's iconic character.

“We'll give it a face lift,” Britton said. “But take very serious the pride in the beautiful arch windows and the great turbine hall where the old turbines used to produce electricity.”

Development Director Jill Vassar said the new plans for the power plant are already catching some neighbors' attention.

“We hope that everyone will get to enjoy this property,” Vassar said. “That people running along the River Walk will be able to stop and find some shade and some water at EPIcenter.”

Developers said they expect the sustainable energy plant to attract global interest as well.

“That effects our tourism business, which of course, effects economic development and the amount of money flowing through this community,” Vassar said.

There is about $53 million left to raise in order to complete the EPIcenter. Construction on the project is expected to take about two years with the space set to be usable by 2021.