Less than seven months after a loft conversion project opened in downtown Atlanta, its units are almost completely leased.
The concept behind Fulton Supply Lofts, a former distribution center in Castleberry Hill, is in line with current trends of developers reviving old industrial buildings as lofts. The practice, known in the trade as adaptive re-use, has been seen in projects such as Ponce City Market, Armour Yards and the forthcoming redevelopment of dozens of historic downtown buildings.
The circa 1923 warehouse was occupied for 94 years by industrial equipment and machinery supplier Fulton Supply Company. The business relocated to Stone Mountain years ago.
But the Nelson Street building’s original 20-foot ceilings and brick and granite stone walls survived the renovation — a clear selling point. Ninety percent of the 74 rental units have been claimed since January.
Pricing ranges from the mid $800s to low $2,000s, according to the website. However, units "through the $1,100s” are unavailable due to high demand, an availability inquiry response from Provence Real Estate said. “Units ranging from $900s to $1,100s will be (available) in 2018 upon lease expirations.”
Further keeping with recent trends, the redevelopment focused on energy conservation and sustainability.
The $12 million conversion process cut down the old building’s energy use by 90 percent. Eco-friendly amenities for the one and two bedroom apartments include an electric car charging station, LED lighting and Energy Star appliances.
The property, which qualified for National Park Service’s Federal Historic Preservation Tax Incentives program, has also been given an EarthCraft certification for energy conservation and sustainability by the Southface Energy Institute.
In May, the city’s urban design commission recognized the warehouse with a Design Excellence Award.
Potential tenants may submit an application here.
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