CONSTRUCTION ADVANCES FOR THE STEELWORKS LOFTS

NEW YORK CITY — Manhattan, New York City-based Fifth Square Partners is advancing construction for The Steelworks Lofts, a residential loft conversion project located on North Fourth Street in the Williamsburg neighborhood of Brooklyn, New York City. The project comprises the conversion of the 130,000-square-foot Lewis Steel Products building into 88 residential loft units, ranging in size from 640 to 1,683 square feet. Units will range from studio to three bedroom lofts and penthouses, and will feature 7-foot tall factory windows and ceiling heights ranging from 11 to 20 feet. Living spaces will have white oak flooring, custom wood detailing made from recycled building joists, and a specially crafted light at each unit entrance made from an original Brookfield Insulator. Reclaimed lumber from the conversion will be used to create shelving and interior details throughout the building, as well as a rough-hewn wood reception desk in the lobby. Building amenities include an 8,500-square-foot, landscaped roof deck that will feature a skyline cinema, open air bungalows, outdoor communal kitchens, private rooftop cabanas, and stone fire pits. Other amenities include a two-story library, a mezzanine lounge, a fitness center, refrigerated storage for residents, and a secure parking garage. Units will be price from $495,000 to approximately $1.55 million. Completion of the project is scheduled for spring 2010. Locally based AvroKO is assisted with concept development, interior architecture and marketing. Gene Kaufman, Architect, P.C., is the project architect. The rooftop deck is being designed by locally based Greener By Design.