Everyone has their own definition of a loft, it has 2 floors, or is one open space, has exposed beams or concrete floors. What matters most is that lofts are incredible and unique spaces that can be used in almost any way the owner wants them to be.
Loft apartments are apartments that are generally built from former industrial buildings. When industrial developments are developed into condominiums instead of apartments, they may be called loft condominiums. The general term warehouse-to-loft conversions may sometimes be used for development of industrial buildings into apartments and condominiums. "Loft-style" may also refer simply to developments where a street-level business occupies the first floor while apartment "lofts" are placed above the first floor.
Sometimes, loft apartments are one component of municipal urban renewal initiatives that also include renovation of industrial buildings into art galleries and studio space as well as promotion of a new part of the city as an "arts district."
Originally popular with artists, they are now highly sought-after by other bohemians, and the gentrification of the former manufacturing sectors of large cities is now a familiar pattern. One such sector is Manhattan's Meatpacking District. The adoption of the Adaptive Reuse Ordinance (2001) in the City of Los Angeles (primarily the Arts District) is another example of such legislation to encourage the conversion of no longer economically viable industrial and commercial buildings to luxurious residential loft communities. Such is the demand for these spaces among the well-off that real estate developers have taken to creating ready-made "lofts" in urban areas that are gentrifying or that seem primed to do so. While some of these units are created by developers during the extensive and costly renovation of old buildings, a number of them are included in the floor plans of brand new developments. Both types of pre-fab loft offer wealthy buyers or renters the proximity to urban amenities afforded by traditional lofts, but without the perceived safety risks of living in economically depressed industrial areas.
A commercial loft refers to a building that has ceilings over 17 feet (5 m) in height and a second story area for storage or offices above. These are usually industrial spaces with an added office element on a second level.
A live/work loft is a space designed to house a resident and their business. This concept has been a vital part of the redevelopment of major downtown cities inner cores. The concept of cutting costs on space, travel and more is essential in the live/work loft.
A large, open, high ceilinged space where parachute riggers re-pack parachutes into parachute containers.
It is fairly common to convert a loft instead of moving home, with the most common additions being an extra bedroom or study. The loft area of a building tends to be unused, but when converted can add a large amount of floor space.
Craig Rushton, CENTURY 21 In Town Realty, Vancouver, 604.505.6503, www.craigrushton.com