Former Silk Mill Being Converted to Condos Nears Completion
- Jun 16, 2008
By Anuradha Kher, Online News EditorPaterson, N.J.–A former silk mill, located at 175 Broadway in Paterson, N.J. on 23,000 sq. ft. of land, is currently in the process of being converted to a five-story, 48-unit condominium building.Developed by Mercury Development Group and designed by Poskanzer Skott Architects, the Silk City Lofts features one- and two-bedroom units with and without the option of lofts. Prices for the residences, which will be ready this summer, range from $160,000 to $450,000.The conversion of the existing building, which hasn’t been used for the last four years, will take place without any new additions or expansions. “We are always interested in taking a mill and being able to reuse it in an economical way,” Larry Skott, AIA and principal of Poskanzer Skott Architects, tells MHN. “In case of the Silk City Lofts, making this space functional was a challenge. Trying to keep the character of this mill by leaving its existing structure exposed was also a challenge. There were materials and paints used to build the mill that are no longer acceptable, so we had to decide how best to tackle these problems,” adds Skott.The project features new windows, a 28-ft. lobby, as well as a fitness center and resident services facility in the basement.Other amenities of Silk City Lofts include 11-ft. windows, on-site parking, laundry facilities, natural oak flooring, granite countertops, on-site storage, fitness center and concierge-attended lobby. The building is located near industrial plants, retail and some other multi-housing projects.