I live in a loft. A beautiful loft with lots of open space, high ceilings, exposed brick, and sturdy posts and beams.
(photo courtesy of Lofts Boston)
There’s a lot to like about “loft” living. And I use quotation marks because “loft” means different things to different people. Some purists only consider a loft a loft if it has raw, open space (and maybe a lack of heat and insulation?); lately however, developers have been building lofts with all the bells and whistles, rattling some.
On the marketing front, lofts come with a colorful backstory. Artists started moving into New York’s abandoned industrial spaces back in the 1960s, with painter Chuck Close paying $150 a month for an unheated loft on Greene Street and Andy Warhol setting up his art-producing “factory” in a loft. Richard Serra collected scrap metal from the street outside his loft to use in his sculpture. With their sprawling layouts and avant-garde aesthetic, lofts soon took off from Boston to San Francisco. As newly gentrified areas breathed life into dying cities, politicians gave tax abatements to encourage more conversions. Everything from bra factories and old steel works to abandoned churches became lofty, and ever more fashionable. Recently, News Corp. Chairman Rupert Murdoch sold his three-story SoHo loft, in a former candy factory, for $25 million.
Complete story: Gritty Inner-City Lofts Make Their Way Into the ‘Burbs – By June Fletcher, The Real Estate Journal
(P.S. My condo was on the market, but is currently under agreement (Hi Chris!).)