Retail Lofts, Live/work Thriving Despite Real Estate Slow-down

July 23, 2008 - PRLog -- PORTERDALE, GA  – Despite the slow-down in the housing market, there continues to be a surge of growth in live/work properties, as well as the retail condo markets. We are even starting to see these properties available in suburban communities, such as Porterdale, GA, just two miles from Covington Square.

Developer, Denis Burke, transformed Lofts at IronWorks from a 1923 office building into 18 mixed-use loft units across from the Porterdale Mill on the Yellow River. Since the mill itself was rehabilitated a few years ago, residents in 154 lofts have revitalized this historic community, attracting retailers and business entrepreneurs. “The funding for the mill rehab came with a stipulation that the residential and commercial units could only be rented, not purchased, explains, Denis. “Savvy professionals are learning that there are opportunities to own their space, and obtain the benefits on both the business and real estate side of the equation.”

In addition to the benefit of tax deductions and property appreciation when owning a work/live loft, new owners can configure their space to meet their business and personal needs. Wide open floor plans, exposed brick and high ceilings allow limitless build-out opportunities.

Lofts at Ironworks offers ground floor retail spaces directly on main street, and bordering what will be a community park-style courtyard. Second floor units can be configured for office and live/work space. Porterdale Ventures will begin hosting “Open House” hours next door at “Party on Main” on Wednesdays and Saturdays from 2 pm to 5 pm, allowing entrepreneurs, real estate agents and potential residents to preview the property, floor plans and renderings.

About Lofts at IronWorks
Developed by Porterdale Ventures, LLC, Lofts at IronWorks was developed with a vision to contribute to the revitalization of Porterdale, Georgia, and empower business owners and residents to own a unique loft property.

Founded by Denis Burke, the development company has partnered with a variety of preferred lenders, interior designers and furniture providers as resources for potential Porterdale business owners and residents.

FOR ADDITIONAL INFORMATION CONTACT:
Denis Burke
Porterdale Ventures, LLC
678.760.7246
www.LoftsAtIronWorks.com