SoHo: The First Artist-friendly
Residence
One of the first areas to see an influx of artists
was the once drab and dilapidated area that lay south of Houston
Street and north of Canal Street, an area known as SoHo. Where
the roads were barren and dotted with closed warehouses, the creative
minds of local artists saw the wide open spaces and minimalist
design as a chance to individualize and market themselves. The
artists’ arrival effectively turned a previously foreboding area
of large, looming buildings into a trendy neighborhood of small
boutiques, shops and fine restaurants.
Once SoHo saw the development of artistic lofts,
something strange happened. SoHo property values increased. While
this was good for the economy of the area, it also pushed the low-income
artists away from the area and into other, less expensive parts
of town such as the Lower
East Side and Hell’s Kitchen.
While all of this was
happening, developers and owners began to realize that the artists
had an idea here, with these "loft" apartments. They
renovated their properties to reflect the new ideal, except they
catered to a higher tier of residents. They retained the lofts’
high ceilings and huge industrial windows, while adding more
amenities and expensive décor.
Evolution of the Loft
When creative types moved into old warehouses and turned them
into unique, expansive homes full of personality, they started
a new trend in New York City living. Early lofts were drafty and
often less than perfectly suited for human occupancy. Lighting
was substandard, pipes leaky and wood or concrete floors gouged
or stained. But the loft had seemingly unending space, with no
internal walls dividing the expanse. Now, the trend of loft living
has expanded across Manhattan. As a result of this, developers
have worked to envision a more modern idea of the loft. Newer lofts
still focus on space and lighting, but now they utilize more fashionable
materials, such as hardwood floors and custom-designed kitchens
and bathrooms. Modern loft developments have also added community
perks, such as fitness centers, landscaped terraces and barbeque
areas. No longer are lofts just for artists; all manner of people,
from writers to actors to stock market analysts, call Manhattan
lofts home.
Elika Associates understands and appreciates the modern interest
in loft living. We are passionate about the loft tradition; many
of us have found loft-living desirable for our own families. As
such, whether you want to buy or sell, design or renovate, we can
help you fulfill your vision. Our extensive selection of luxury
lofts fits the bill whether you wish to relocate or invest.
Come to Elika Associates with your loft needs. We have a respected
team of brokers who would be glad to get you started
in your loft search. Through our knowledge and creativity, we
can turn your dream of owning a New York loft into a reality.
Put your trust in the most trusted.
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