Soho Lofts

HOA Fees on above sold units range from $650 to $965 a month

SoHo Lofts is a story building with 122 loft-style units in all. Sizes range from 1,277 to 5,206 sq. ft. The 5-floor garage puts the first residential units on the 6th floor. Amenities include a rooftop lap pool, Jacuzzi, sauna, and fitness center. All units have 11 ft. eleven foot ceilings, exposed mechanicals and ductwork and wide-open living spaces . The building itself is done in classic art-deco design. Additional unit amenities include large glass-enclosed terraces, Italian cabinetry, stainless steel appliances, granite countertops, LBL Designer lighting, Jacuzzi tubs, oversized picture windows, and sealed concrete flooring.

This was the first high-rise to be developed north of Sahara. Juhl, Newport Lofts, and Streamline Towers have since followed. The building was finished and occupied in 2005. The retail space on the first floor as as of yet, I do not believe been leased. Sam Cherry, the builder/developer took a chance building in this older central area and it worked out well for him. This older central area is home to the Arts District and has been undergoing a revitalization over the last few years. Union Park, a 61-acre development just west of Fremont, is becoming a reality. The Lou Ruvo Brain Institute is now finished and the Smith Center for the Performing Arts is also now finished. The World Jewelry Center with 1 million sq. ft. is in the planning stages. The World Market Center, just to the west of this is partly finished and in operation. The World Market Center will have over 12 million sq. when completed.

All this development is in the general area of Soho Lofts Las Vegas. I have been skeptical of this and other high-rise developments downtown and in some ways still am, but I do think that in the long term, Soho Lofts could turn out to be a surprisingly good investment.

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