Adaptive reuse transforms 114-year-old warehouse into loft apartments

Originally built by General Electric more than a century ago, a six-story, 365,000-sf warehouse in Bloomfield, N.J., is being turned into the Parkway Lofts, a multifamily adaptive reuse housing 361 loft apartments. The 14.5-acre site will be transformed into a high-density residential village also featuring 150 for-sale townhomes and a clubhouse. Inside the apartments, 17-feet ceiling heights and heavy floor loads will allow the Building Team to add a new intermediate second floor and a penthouse level. Prism Capital Partners owns the property.