Paramount Lofts reaches 80% sold

Paramount Lofts, the chic conversion of the former W. A. Wieboldt and Company “Midwest Store,” seems to be living up to its name. At press time, New West Realty had sold nearly 170 of the 207 loft condominiums at the project, located at 130 S. Ashland.

“Only six of the 44 penthouses remain for sale at Paramount, and prices start as low as $249,900,” said Sales Manager Amy Settich.

These top units have one or two bedrooms, and many include dens. They have granite in the baths and kitchens, stainless steel appliances, upgraded Moen fixtures and 42-inch maple cabinets.

More than 30 other units also are available at Paramount Lofts, including several with unobstructed views of downtown, Settich said. Prices start in the $210s for a one-bedroom of 900 square feet.

Formerly a fixture in the retail industry, the six-story terra cotta and brick Paramount Lofts structure is getting a makeover that calls for the addition of two new stories of luxury penthouses. The homes have large picture windows, high ceilings, private balconies, hardwood floors and exposed concrete piers.

Several tiers of units will have balconies facing landscaped courtyards, according to Todd Main, of Bauhs Oring & Main Ltd., the renovation architects.

“The original Wieboldt’s building was built with expansion in mind,” said Ted Mazola, of New West Realty. “The building has one-foot-thick concrete floors and heavy concrete pier support columns that extend through the roof. We plan to add two additional stories for 44 luxury penthouses on the 7th and 8th floors.”

First occupancies scheduled for fall 2005.

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