I got a chance to tour the recently redeveloped Peanut Factory Lofts located just west of downtown with the Urban Land Institute (ULI). This is the first major redevelopment on the west side since our “decade of downtown” has begun. I can’t even recall when we have had a project of this magnitude on this part of town. The construction is still ongoing but there are already a few tenants in place.
This 102 unit complex varies in prices but the average rental is going for $1.60-$1.80 with a contemporary finish out. One of the units I saw was a 2 story with 2 bedrooms, 2 baths and a 2 car garage for $2400. My favorite part of the tour was walking up the flights of stars in the still ongoing renovation of the century-old peanut processing plant.
The units in the silos are going to be really unique with circular floor plan. I really liked the graffiti and most of the tour group was asking if it was going to preserved as sort of artwork in these units. Our tour guide said it would probably depend on the tenant’s wishes.
Up at the top of the processing plant lies the Penthouse at just over 3000 sq ft with a price tag of approximately $4659
per month.It’s going to be an awesome space complete with an outdoor kitchen and panoramic views. Our beautiful city’s skyline is awesome!
Amenities for the complex include a pool, 2 bark parks, fitness center, controlled access gates and a courtyard with grill area. Crossing busy S. Frio may affect the Peanut Factory’s walkability but it is a short car ride away. It was mentioned that students would be getting a 5% discount off market rents. UTSA’s downtown campus is a few blocks away.
Kudos Peanut Factory Lofts for the 2015 Fiesta Medal.