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Robert Powell, III// May 11, 2016//
Two Richmond-based firms, The Monument Cos. and Sensei Development, plan to turn a former peanut storage and processing facility in downtown Suffolk into a mixed-use development.
The $30 million project is expected to create 290 apartments and 5,000 to 10,000 square feet of office and retail space in the former Golden Peanut facility.
The project is the sixth and largest venture Monument and Sensei had handled in Suffolk. The companies have invested more than $24 million and have redeveloped 165,000 square feet of commercial and residential space. They now manage more than 150 apartments in the city.
The Golden Peanut site covers more than 10 acres at Saratoga and Wellons streets in Suffolk and includes 100,000 square feet of former warehouse and processing space. The facility dates back to the 1890s and employed up to 300 workers in the 1920s.
Monument and Sensei are expected to soon begin the rezoning process for the project with a goal of seeing its first residents in late 2017.
