Average square foot calculated using Size range provided by listing agent.
Description
Take this amazing project to the finish line. Approximately 40 units plus and indoor garage to park 80 cars PLUS a commercial restaurant space (6, 000 sqft) and a Food Court (5, 000 sqft). Just some quick thoughts worth mentioning with this NEW construction project: water service, sprinkler service, all materials are fireproof, system insulation exceeded NYS energy code, all units with direct venting, all walls are moisture and mold resistant, all floors will be self-leveling concrete and sealed with 2.5 inch of concrete. 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. 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. Nestled in the heart of Utica’s remarkable urban renaissance. 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 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. This project has full approvals and an active development timeline. There is an estimated $500, 000 approved grant associated with this project.Show Description
MLS® Number898053
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Central VacNo
FireplaceNo
Acreage20
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GarageNo
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