In the late 19th century, freight ships used the slip to unload their cargo directly into the building, which served as a distribution center, according to Barbara Dudeck, a sales agent with MCL. Today the building is home not only to the new conversion (dubbed The Lofts at River East Art Center) but also offices, artist workspaces and Fox & Obel, an upscale grocer.
The lofts have exposed brick and timber ceilings more than 10 feet high. Standard finishes combine modern cabinets by Avanti and hardwood floors with a rustic finish. The south-facing units have balconies overlooking the slip, and the north-facing units overlook a two-acre park developed by MCL for its new high-rise, The ParkView, at 505 N. McClurg Court.
MCL reported today that about 30 of the 150 units at The Lofts at River East Art Center had sold. (The developer re-launched the project in November after scrapping plans to include two stories of new construction to the roof.) Prices start in the $430s and top out at more than $900,000. Deliveries are slated for spring or summer 2009.
-Story by Kate Hawley, photography by Michael Kardas