There has been talk of lofts, but the new owners are going to focus mostly on the restaurants and retail. And the Fogo de Chao isn't actually going to be in the Joske's, it'll be at the entrance to the mall, like where the Hooters is.
Here's a newer version of the story with more detail ....
http://www.mysanantonio.com/news/met...N.36e07ff.html