Lofty vision on the North Side

Would you pay $325,000 to live in a condo on the North Side?

J. Andrew Wolfinger thinks so.

The real estate developer is banking on his $2 million renovation of transforming a shabby office building (in photo below) into six luxury lofts. He bought the Brighton Road property last spring, which is located at the corner of Beech Avenue (one of the tonier North Side streets) for $280,000 and hopes to sell the condo units for $325,000 and up. The Smith Barney financial advisor believes he can lure in potential buyers from the suburbs with rooftop views of downtown and Saveur savvy kitchen appliances.

"It's a huge leap of faith to leave the suburbs," said Wolfinger. "We need [to attract] people from out-of-town who can see the value of living close to the city, of being able to walk everyday and to appreciate seeing the lights of the city at night from your home."

Wolfinger, who owns a loft downtown, looked at buildings in the Strip District but was turned off by loud bars. "I've been visiting the North Side for years and while progress is slow, I think things are going to happen."

He's not blazing any new trails, as pricey renovations in the Mexican War Streets have made the neighborhood resemble turn-of-the-century Greenwich Village. Historic, multi-level homes-- complete with original woodwork, multiple fireplaces and yes, upscale appliances--are currently on the market for over $300,000. So why pay that much for a new condo?

"No maintenance," said Wolfinger. They won't have to spend afternoons at The Home Depot or jostle for on-street parking during Steelers games as each unit has a garage.

"Buyers who enjoy loft living will get a 2,000 sq. ft. rooftop deck with 15 ft ceilings and all glass facing south, said Wolfinger. "And since I'm going to live there I wanted it done just so."

Just so means Wolf, Sub-Zero and Beech Avenue. After he bought the Brighton Road property, he changed the address to match the appliances.

For further information and floor plans, go to JudiSayHay.com