28 Apr Peanut Factory Lofts debut with ribbon-cutting ceremony
Excerpts from the article by Eileen Gonzales at KSAT.com
The Peanut Factory Lofts at 939 South Frio Road debuted Tuesday morning with a press conference and ribbon-cutting ceremony.
The shiny, modern urban development is a big transformation from the way this area used to look.
Formerly the Songbird Peanut Factory, the complex had been abandoned since 1985. “Something that was so overdeveloped with brush and decayed now looks perfect,” said former West Side resident Vincent Huizar.
Now the complex caters to families, young professionals, and students at UTSA’s downtown campus, which is just five blocks away,”The West Side needs something like this. We’re trying to build the West Side up,” said Paige Shinn, MissionDG’s director of marketing.
Builders preserved the historical features of the 103-year-old peanut factory building. Four 60-foot-high silos are being transformed into lofts.
Developers say the $10 million project is the first major residential real estate investment in this area in more than 20 years. However, they believe the area is on the brink of a big change.