Spotted: Industrial Loft On Washington Avenue Before it Was Cool

If there is a potential for $1 billion in future investment in Washington Avenue, then this place at the Lofts at Bella Vista might become a bargain.

TREND images via BHHS Fox & Roach, Center City, Rittenhouse Hotel

TREND images via BHHS Fox & Roach, Center City, Rittenhouse Hotel

Washington Avenue is a hotbed of activity (and talk) these days. And hell, if Bart Blatstein is bullish on the strip currently marked with shopping malls, massive industrial buildings, home improvement centers and cars parked everywhere from the sidewalk to the median to the bike lane, well then, we are, too.

You know who else was rather keen on Washington Avenue? Developer David Grasso, when his development company transformed a former industrial building at 11th and Washington into the at the Lofts at Bella Vista, a 78-unit condo building topped with classy penthouse units.

That was back in 2006. Now, #505 is available for $425,000, and if Blatstein’s thinking that Washington Avenue could see a potential of $1 billion in future investment (as he said in the Citified piece, you should read it), then that might actually turn out to be a bargain.

The expansive loft features 18-foot ceilings and walls highlighted by exposed brick and tall warehouse windows. It’s hard not to love the wood and steel-beamed ceiling in the kitchen that’s under the loft space. It’s packed with high-end stainless steel appliances and opens up to the living space. The polished concrete floors really complete the industrial-chic look.

The master suite runs the length of the loft space above, and boasts hardwood floors, ample storage and an updated en suite bath with stone floors, a jewel box shower and soaking tub.

Beds: 1
Baths: 1
Square Feet: 1,380
Price: $425,000
Additional Info: HOA fees are $686/month, Garage Parking