The popularity of New York City lofts started back in the 1960s when artists, mostly of the hippy generation, needed large spaces to sling paint across massive canvases, creating the “art” of the day. Many factory buildings in SoHo, NoHo, NoLiTa, and Tribeca that had housed textile workers were deserted with the vast open spaces of their workshops. They were filthy with dirt and dust, but they had the space these artists needed so they illegally “squatted” there and spread out the tools of their trade. When coffee shops and galleries took note and opened to serve the new artist population, factory owners paid attention, observed the increase in their property values and started sprucing up and restoring their buildings. The city followed their lead and rezoned residential. The evolution in the popularity of loft living now draws the most affluent young trend and fashion conscious real estate buyers.
Now for sale is one of the largest lofts in Tribeca. It last changed hands in 2014 at over $6 million and has since undergone multi-millions in renovations by a couple with an exceptional art collection. To do the work, they hired HGTV’s Stephen Fanuka, who transformed the loft into an architectural work of art. At 5,800 square feet of mostly open space, the options are many.
Now with wide-plank ash flooring, a large fireplace with an eye-catching surround of book-matched marble that extends to the ceiling and a totally new kitchen, also included are a media room with 100-inch projection screen and wet bar and a separate library. The four-bedroom, five-bath loft includes a 75-foot span of cathedral windows ensuring a bright and cheerful environment to display an art collection. The listing agents are John Gomes and Fredrik Eklund of Douglas Elliman.
One of the largests lofts in New York City designed by HGTV’s Stephen Fanuka is now offered at $15 million.
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