The new Peanut Factory Lofts officially opened this past week with a press conference, ribbon cutting and tours attended by Mayor Ivy Taylor, District 5 City Councilwoman Shirley Gonzales, Bexar County Commissioner Paul Elizondo and City Manager Sheryl Sculley. The $10 million adaptive reuse housing development project adds 102 housing units to the San Antonio’s near West Side. The city provided $1 million of incentives for the project. “The opening of the Peanut Factory Lofts is very significant for downtown’s continued growth and development,” said Taylor in a press release. “Its proximity to (University of Texas at San Antonio’s) downtown campus makes it a very attractive and unique residential option for students, families and young professionals alike.”
The Peanut Factory Lofts were renovated by 210 Development Group, preserving historical features and elements of the original Birdsong Peanut Factory, which operated from 1912 until the 1980s. The original structure was converted into 25 loft-style units that will utilize four sixty-foot tall silos. The remaining units are a blend of studios with attached garages and traditional flats on the 130,000 square foot site, for a total of 102 residential units. Leasing began last fall at The Peanut Factory Lofts at 939 S. Frio St. The 210 Development Group has worked since spring 2013 on this project that includes amenities such as landscaped courtyards, two dog parks and a swimming pool.
“A few of the most unique characteristics are the adaptive reuse of the actual historic Peanut Factory and silos into one-of-a-kind, ultra luxe, urban dwellings,” said 210 Development Group marketing director Paige Shinn in a press release. “This project is the first major residential real estate investment in the west side in more than 20 years. Our hope is that it ultimately revitalizes this promising sub-market into a thriving district of downtown San Antonio.”
210 Development Group partner Mark Tolley has cited a 2012 city-commissioned report that documents a need for more than 600 market-rate units for UTSA Downtown students over the next decade. “This exciting new development signifies fresh opportunities and prosperity,” said Gonzales in the release. “We hope that it becomes a catalyst to spur further investment and development in District 5.”
For more information about the Peanut Factory Lofts, visit www.210developers.com.