Studioplex, in the heart of the Old Fourth Ward, was constructed in 1906 and was originally a cotton warehouse. In 1998, Historic District Development Corp. converted the building to apartments and the joint venture was formed in January to convert it to condominiums, Baynes says. The building will have 145,000 sf of loft units with 112 loft residences and 18 loft offices. The average loft size is 1,100 with units ranging from 760 sf to 2,100 sf. The units are being sold for approximately $200 per sf, Baynes tells GlobeSt.com.

The units have 12-foot to 17-foot ceilings and exposed brick walls. Some of the renovations to the units included the addition of granite countertops and stainless steel appliances. Renovations to the property include new landscaping, "significant exterior shell improvements," doors and windows and the addition of a rooftop deck, he says. The units are being marketed by the Marketing Directors with David Patton/Prudential Georgia Realty.

Businesses to be located in the building include Dencity Architects, Hilltop Design and Sterling Investments. "We have an eclectic mix of design types and real estate and financial types who are more entrepreneurial in nature," Baynes says. The building also has 28 retail studios for artwork to be produced, displayed and sold.