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The loft conversions were more profitable to the landlords than industrial use. [1] By 1977, the New York City Department of City Planning found that 91.5 percent of the conversions were illegal [2] and 44.9 percent of those lofts were occupied by heads of households who were artists. [3]
A building's maximum floor area is regulated according to the ratio that was imposed to the site where the building is located. Another feature of new zoning solution was adjacent public open space. If developers put adjacent public open space to their buildings, they could get additional area for their building as a bonus.
The law was administered by the New York City Loft Board. The 1982 Loft Law should not be confused with the artists' loft law, Article 7-b of the New York State Multiple Dwelling Law nor with rent control legislation, which limits the ability of landlords to increase the rent of certain long-term tenants. The artists' loft law requires that the ...
2015 saw a surge in demand for loft conversions by homeowners in the UK as a result of the new and simplified planning regulations. There are different types of loft conversions chosen because of price, space available, aesthetic appeal, property style, the height of the roof, and the planning permission required. [1]
In US usage, a loft is an upper room or storey in a building, mainly in a barn, directly under the roof, used for storage (as in most private houses).In this sense it is roughly synonymous with attic, the major difference being that an attic typically constitutes an entire floor of the building, while a loft covers only a few rooms, leaving one or more sides open to the lower floor.
Loft or warehouse conversion can be an apartment building wherein part of the unit, usually consisting of the bedroom(s) and/or a second bedroom level bath is sub-divided vertically within the structurally tall bay between the structural floors of a former factory or warehouse building.
Strengthens and makes permanent the system that protects tenants in buildings that owners seek to convert into co-ops or condos. Eliminates the option of "eviction plans" and institutes reforms for non-eviction plans. Requires 51 percent of tenants in residence to agree to purchase apartments before the conversion can be effective.
Adaptive reuse is defined as the aesthetic process that adapts buildings for new uses while retaining their historic features. Using an adaptive reuse model can prolong a building's life, from cradle-to-grave, by retaining all or most of the building system, including the structure, the shell and even the interior materials. [6]