04 Dec The Peanut Factory Lofts to Start Leasing
Excerpts taken from article by Anca Gagiuc of the Commercial Property Executive.
The Peanut Factory Lofts, located at 939 S. Frio has completed the conversion process. The original Peanut Factory, built in 1912, turned into residential units utilizing the 4 sixty-foot tall silos. The redevelopment includes apartments, condos, two courtyards, outdoor pool with cabana, and an outdoor theater area, utilizing the 130,000-square-foot space.
The Developer MissionDG, has completed the conversion process and is ready to lease the property. The redevelopment of the original Peanut Factory, built in 1912, included tranformation of its four 60-foot-tall silos. The project includes apartments, condos, two courtyards, an outdoor pool with cabana and an outdoor theater area. In total, there are 102 residential units on a 130,000-square-foot site.
The silos are now 8 round units. The former peanut factory now offers 14 loft units and a 3,000-square-foot penthouse on the top floor. Additionally, the community features 15 townhomes with attached garages and 64 flats. The $13 million project broke ground in October 2013 and in December will start the leasing process. Approximately one third of the units will be leased to students and university professionals.
Units offer as many as three bedrooms and two baths, with rents starting at $749 per month and reaching as high as $4,769 per month. Community amenities include the on-site Food Truck Park, two dog parks, door-to-door trash pick-up five days per week and a fitness center. Apartment amenities include accent lighting in the kitchens, chrome plumbing fixtures, designer fixtures throughout and wood plank flooring in living spaces.