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The cheapest loft unit would go for about $2,500 a month, Mr. Ehrmann said.
COMMON SPACES: This corner loft unit has 14-foot-high timber-beamed ceilings, exposed brick and maple floors.
A somewhat larger loft unit on Newark Street, also renovated, with one and a half baths and a private roof deck, sold for $320,000 in 2003 and was offered for $510,000 last spring.
The 900-square-foot loft unit's living room will be 18 feet by 18 feet; the bedroom will be 11 feet by 15 feet.
Similar(56)
The upper stories will contain two loft units per floor.
The high ceilings left ample room for storage space in the loft units.
Coalco will open sales next month on the first 100 loft units.
Taking cues from revitalization drives in other midsize cities, they have created thousands of residential loft units.
In both buildings, the floors above will have two- and three-bedroom loft units overlooking the street and the interior courtyard from floor-to-ceiling windows.
Glencoe Lofts, a condo development by Marina Loft Ventures, has run into delays, and now its 100 loft units may be offered for rent rather than sale, according to people involved in the project.
The loft units, in the Rowan Building in downtown Los Angeles, sold for an average of 8percentt above the reserve price, according to William Stevenson, who runs the auction company Intelligent Market Systems, and who acted as a broker for the developer.
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