Three downtown apartment complexes combining to form Soap Factory – San Antonio Business Journal

Three apartment communities along San Pedro Creek in downtown San Antonio are being revitalized under one name.

The Towne Center, Soapworks I and Soapworks II apartments are undergoing interior and exterior renovations of common areas and apartment units. The trio of communities will be rebranded as the Soap Factory.

Updated apartments will include granite countertops, new floors, appliances, lights and fixtures. Other improvements to the community include new landscaping, new laundry facilities, a resident fitness center, a coffee bar and a cyber cafe. Capstone Real Estate Services is managing the 381-unit asset.

Soap Factory takes its new name from the historic Menger Soap Works building that houses the community’s management office. The limestone structure, built by Simon Menger in 1873, is considered a rare example of pre–Civil War industrial architecture.

"Our goal with these properties is to offer a housing option that the working class San Antonio residents can afford,” Michelle McMillan, regional vice president for Capstone Real Estate Services, said in a statement. “There are currently several affordable properties within a 2-mile radius of Soap Factory. On the flip side, there have been many new communities built downtown in the last five years with average rent nearly twice our average renovated rents.”

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