Since the early nineteen-nineties, a renewed interest in urban revitalization has spiked the number of loft and condo projects in major urban areas across the country. Downtown Albany is no exception. A number of lofts cropping up in the Albany, Saratoga Springs, Troy and Schenectady area are new construction, but some of the most interesting projects are happening in dilapidated historic retail and residential spaces all over the downtown areas.

What exactly is a loft? Essentially, a loft is very similar to a condominium. Like a condo, a loft is typically a portion of a property owned separately from the other units in a building. Additionally, the common areas are usually maintained by the homeowners association. Lofts are known for expansive rooms, open layouts -- sometimes without any separation between living areas. Architectural elements like exposed ducting, brick, old timber, concrete and high ceilings, add to the urban feel of loft living.

There is no shortage of residents in this new downtown housing trend. Many groups of people, including young professionals, retirees, young marrieds, empty-nesters and students alike, are drawn to the ease and convenience of living in the immediate downtown area. Residents want to near cafés, museums, theatres, shops, parks, and the Albany nightlife. For those who want to cut their commute, the appeal of walking or biking to work, school or both is a huge plus.

Another reason residents are drawn to loft living is the contemporary design of the interiors. Sleek, high-end finishes are set against rough-hewn timber and exposed brick for a look that delicately balances aesthetic beauty with practicality. Open layouts give residents the opportunity and flexibility to define their own living spaces according to their needs. Also, many lofts are being designed with the environment in mind, with expansive windows bringing in an abundance of natural light, built-in home recycling systems and environmentally-friendly flooring and finishes.

Choosing to live in a loft is a lifestyle choice-one that connects you to a diverse mix of residents and gives you the opportunity to experience all that a vibrant urban area has to offer.

Written by Chelsea for AlbanyLoftsandCondos.com
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