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PATERSON, N.J. — Mercury Development Group is nearing completion for Silk City Lofts, a 48-unit residential loft building located at 175 Broadway in Paterson. The project comprises the conversion of a five-story former silk mill into residences. Building amenities include 11-foot windows, on-site parking, natural oak flooring, granite countertops, a fitness center and a lobby concierge. Completion is scheduled for this summer. Ridgewood, N.J.-based Poskanzer Skott Architects served as project architect for the redevelopment.