Grand
University Commons
THESE SIX HEAVY CONCRETE buildings were operating, albeit inefficiently, as cold storage for a wholesale fruit and vegetable market when architect Pappageorge/Haymes purchased them for condo loft conversions. Located in the South Water Market historic district, the 926 units are within financial reach of first-time buyers, thanks to their compact floor plans averaging 1,055 square feet and a property tax freeze that came with compliance with its landmark status. Another cost-saver was the speed at which the buildings were brought to market. The first one was occupied within 18 months of the start of construction, with units selling for an affordable $150,000 on average.
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