City and community leaders gathered in District 5 today to celebrate the opening of the near-Westside's newest housing development Tuesday morning, The Peanut Factory Lofts.
Mayor Ivy Taylor, Councilmember Shirley Gonzales (D5), and 210 Development Group President Michael Wilbracht stood before nearly 40 people for a ceremonial ribbon cutting ceremony of the $10 million adaptive reuse apartment complex at 939 South Frio St.
"This exciting new development signifies fresh opportunities and prosperity," stated Gonzales in a press release. “We hope that it becomes a catalyst to spur further investment and development in District 5.”
Our very own Director of Marking and Development Jaime Solis was the emcee for the ceremony and County Commissioner Paul Elizondo and City Manager Sheryl Sculley were also in attendance.
Afterwards, guests were invited to tour the facilities and sample units. The original factory building, built in 1912, was converted into 25 loft-style units that include space in the four 60-foot tall silos. The remaining 77 units – including studio apartments and more traditional, larger floor plans.
"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," stated 210 Development Group Director of Marketing Paige Shinn. "This project is the first major residential real estate investment in the Westside in more than 20 years. Our hope is that it ultimately revitalizes this promising sub-market into a thriving district of downtown San Antonio.”