Published On Jun 20, 2024
In New York City, the concept of coolness in real estate shifted from industrial buildings to lofts. Lofts became popular among artists in the 1970s and 1980s due to their raw and expansive space, exposed features, and cheap rent. However, by the 1990s, developers began converting these buildings into condos, compromising the original loft principle of abundance and flow by dividing the space for maximum value.
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