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$4,500,000
Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 883134
Rental Info No
Property Sub-Type Other
Source onekey2
Property Description
Nestled in the heart of Utica's remarkable urban renaissance, The River Lofts represents more than just a development—it's a transformative vision that breathes new life into one of the city's most storied landmarks. This extraordinary project stands as a testament to the power of adaptive reuse, where the industrial soul of yesteryear meets the sophisticated demands of today's discerning residents. The River Lofts honors the rich industrial heritage of a building that has witnessed Utica's evolution for over 140 years. Originally constructed circa 1880 as a textile industrial facility, this architectural gem later served as a manufacturing hub for the renowned Dunlop Tire Company. Today, this solid historic structure is being meticulously transformed into a vibrant live/work community that preserves its authentic industrial character while introducing cutting-edge residential and commercial functions. This isn't merely new construction—it's a strategic adaptive reuse that celebrates the building's robust bones and industrial DNA while creating something entirely fresh and relevant for modern living. The project exemplifies Utica's commitment to mixed-use development, which the city actively supports through various incentives including loans, grants, and tax breaks for developers who breathe new life into historic structures. The initial phase of The River Lofts delivers an impressive 37 spacious residential lofts, each thoughtfully designed with integrated workspaces that cater to today's hybrid lifestyle demands. The development seamlessly blends residential comfort with commercial vitality, featuring a ground-floor retail component and convenient on-site parking garage. The second floor showcases a diverse collection of 2 & 3 bedroom condominium units, ranging from approximately 960 to over 2,000 square feet. Each residence offers open-concept living areas that maximize space and natural light, soaring high ceilings that celebrate the building's industrial heritage, separate office/work space and a private terrace offering personal outdoor retreats and overlooks a tranquil, landscaped courtyard sanctuary. The first floor transforms into a vibrant retail destination that serves both residents and the broader Utica community. The carefully curated mix includes an international market bringing global flavors to the neighborhood, Artisanal bakery/cafe creating a natural community gathering space. The Semiconductor Advantage: Utica occupies a uniquely strategic position, cradled between 2 major electronic chip manufacturers: Micron and Wolfspeed. This proximity to cutting-edge technology companies creates unprecedented employment opportunities and attracts high-skilled professionals seeking quality housing options, exactly the demographic that The River Lofts is designed to serve. The River Lofts benefits from the expertise of renowned architect Anthony Morali, whose impressive portfolio includes iconic projects such as the Rainbow Room in Rockefeller Center, Cipriani at Grand Central Terminal, and numerous successful Tribeca developments. With over 30 years of experience, Morali has established himself as a true master of transforming historic structures into repurposed architectural gems. Morali's approach to The River Lofts exemplifies his signature ability to honor a building's historic character while creating spaces that exceed contemporary expectations. His track record of successful adaptive reuse projects makes him the ideal architect to guide this transformation from industrial landmark to residential masterpiece. This project has full approvals and an active development timeline. The River Lofts isn't just a place to live, it's a chance to be part of Utica's renaissance, to own a piece of history reimagined for the future. This is where the past meets the future, where industrial strength meets residential, historic significance meets modern functionality in a prime location within a rapidly revitalizing city.
Location
State NY
County Out Of Area
Interior
Heating Natural Gas
Cooling Multi Units
Fireplace No
Exterior
Parking Features Garage
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
View Mountain(s)
Building
Lot Description Interior Lot, Other
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick,Stone
Others
Special Listing Condition None
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Listed by Briante Realty Group, LLC
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.