Why it worked: With their proximity to universities, museums, shopping, and business centers these SoHo-style lofts with new-construction upgrades make urban-style, loft living appealing to a wide spectrum of buyers.
Prices range from $280,000 to $524,000. Units are designed as one-bedrooms with dens, up to three-bedroom units. More than 50 percent of the units sold at opening. Units feature 11-foot ceilings with exposed ductwork, hardwood and Italian marble floors, and either a terrace or a balcony.Units are pre-wired for DSL, cable TV, and HDTV. Maple cabinets and granite-top island counters are standard.Most popular upgrades are Whirlpool stainless steel appliances and upgraded Moen bath fixtures.
Three-bedroom lofts with balconies were the the most popular floor plan for Conrad Properties' Hi-Pointe Lofts in the Richmond Heights neighborhood of St. Louis
Credit: Courtesy Casey Communications
The Tribeca at Hi-Pointe Lofts, Richmond Heights, St. Louis;
Sales started: October 2001;
Sales through December 2001: 18;
Units planned: 28;
Price: $280,000 to $524,000;
Unit size: 1,352 to 2,428 square feet;
Developer/Builder: Conrad Properties, St. Louis;
Architect: Angie Trivers and Associates, St. Louis;
Landscape architect: Horstmann Brothers, St. Louis