A former convent, this property underwent a $3million renovation, transforming 30 dormitory rooms into 12, modern apartments, two of which are duplexes. This redevelopment not only added a formerly tax-exempt asset to New York City’s property tax rolls but also significantly enhanced the neighborhood’s appeal and ongoing revitalization.
While New York has long been a mecca for artists, the city has become increasingly unaffordable for those who help contribute to the Big Apple’s cultural relevance. As luxury condos continue to edge out artists’ living and working spaces, an increasing number of creatives are looking for cheaper alternatives that still offer many of the amenities and conveniences of big-city life.
Built along the banks of Fishkill Creek in Beacon, New York, The Lofts at Beacon offers a unique, rustic alternative to the glossy steel and brick multifamily developments now crowding cities like New York. The Lofts at Beacon are located in a refurbished 19th-century textile mill. The multiphase project stretches across 10 buildings, providing lofts, community, workshops and gallery space to artists and professionals.