Weekly Update                                                   REMAX 1st CHOICE
Issue #97                                                             March 29, 2010

     WeLoveLofts.com    

 

To my Loyal Loft Loving Friends and Clients,    

 

So after years of living on the water in Warwick, RI, my wife and I have chosen to downsize from our current home.  The budget for our search is a pretty reasonable $215K.  We are looking for a home with at least 2 bedrooms, 2 baths and two garages.   We quickly confirmed that the chance of finding a loft in this budget, with these minimum requirements was out of the question.  Read below about how a developer in Philadelphia is building homes that would not only fit our needs, but are also Leed Platinum Certified.

 

I knew that there were people out there waiting for owners of the mills in Fall River to build Lofts.  See one of several letters that I received from my readers on this subject below.

 

The Church in Westport is not going up for sale immediately, but we got some serious action on the links to the articles.  if anyone is interested in type of property, give me a call.  The owner would gladly entertain showings.  

 

We closed Unit 201 in Mile Square Lofts yesterday.  The two raw units might take a little longer than expected, but should be closed in a week or two.  Either of these two raw units can be build to spec.  I would say the budget for 101 (2000+ SqFt) should be around $159K and the budget for 203 (3200+ SqFt) should be around $199K.

 

We will be running our OPEN HOUSE at 46 Cucumber Hill Road in Foster for at least one more week.  Read about the huge 30x38 foot garage on 5.2 acres below.  This represents a unique opportunity to have a huge work space on a huge piece of land.  I know that its not a Loft, but.....

 

I will be starting a blog to show the photographs of Artist Jeanne Risica and to promote the upcoming show at PeaceLove Studios.  I've included links to both my WeLoveLofts Blog and the new Jeanne Risica Blog below.

 

Please call me when you are ready to start looking for a Loft or other type of home.  It is a gift to be able to help clients find homes that they love.

 
John

  

Links to Blogs
 

I've been having some fun with my WeLoveLofts Blog. I can't say that it 100% is a loft blog, but it's 100% me.  Check it out, but please don't hold what I say or post against me.

 

WeLoveLofts Blog

 

I have begun a blog to show the world Jeanne Risica's art and to tell her story.  Please check it out when you have a moment.  I hope to upload one painting every day for the next 100+ days.  There is also a place to tell a story about your memories of Jeanne and upload pictures that go with the story.  Please feel participate in this interactive project.

 

Jeanne Risica Memorial Blog 

 

LEED Platinum Single Fam for under $200K
 

Please read the attached article in DWELL Magazine about Philadelphia's Postgreen Homes and their mission to create housing that is both green and affordable.

  

Dwell Magazine Article 

 

I am working with a developer in Providence that wants to build Loft condos that are similar to the ones in this article, but needs an infusion of cash from an investor.  Is anyone interested in LEED Platinum Single Family Homes for $200K.  I would be interested in feedback from my readers.

 

Fall River Update
 

John,

Thanks so much for updating us on the Fall River mill loft situation, I've been waiting years for them to build lofts out of all those old mills especially down by the water near Battle Ship Cove. I think it'll just take a couple of brave mill owners, developers and contractors who are willing to make loft living in Fall River a possibility and bring a young crowd to the city. I always read your news letter so I look forward to the day that you can write that some more sweet lofts are going to finally be built in south eastern Mass.

Thanks again,

D.S.

 

Loft Development Opportunity!! 

 

The owner of 629 Prospect Street has expressed willingness to swap his unit for a loft, condo, single family home or multifamily home of similar.  if there is a disparity of value, one of the parties could bring some cash to the table to make the deal work.  If anyone out would like to discuss a deal, give me a call.

629 Prospect - Full Listing on WeLoveLofts.com   

Mile Square Lofts Unit 304

 

Unit 304 in Mile Square rocks.  I'm not sure why someone hasn't made an offer on this loft, but let me say it again...1900 SqFt two bedroom loft for $149K. 

Click on the link below for the full listing:

Unit 304 in Mile Square Lofts   


    

 

Unit 8 in Ropeworks LOFTS

The price for Unit 8 in Ropeworks Lofts has dropped to $219,000.  This is an incredible price for a wonderful loft.

Please note that this is a Visual Artist's Community and buyers and tenants must have some working interest in the arts.  Click on the link below to see more pictures and the full listing:

Unit 8 in Ropeworks Lofts

For RENT - Unit 202 in LOFTS at the Strand

   

Unit 202 in Lofts at the Strand is now rented.  Luckily, we're now showing Unit 206.The address is still 79 Washington St in Providence, RI. 

The asking price is $995 per month.  This is a brand new unit with new carpet in the Bedroom, Living Room and Hallways, new paint, and new curtains for the windows. 

If you are looking for a downtown Providence Loft at a very reasonable price, this might be your chance!!

 

Weekly updates

PROV18 Imperial Place3F$209,900ActivePending
LINC2 School St115$149,900ActivePrice Changed to $129,900
LINC2 School St530$249,000ActiveNew Listing
PAWT300 Front Street111$119,900PendingSold For $115,000
NEWP426 Spring St205$525,000ActiveNew Agent, PC to $520,000
NPRO494 Woonasquatucket Ave411$127,000Active Withdrawn
Woon63 Blakeley St104$148,500Active 
PROV755 Westminster St302$309,000ActiveNew Listing
           

Good luck in your search.  I am usually available to help you find the home that you dream about. 

Sincerely,

John Risica
In RI   401-439-3634
In MA 617-755-5564