Sudbury developer aims to start building Brewer Lofts this year
Former Northern Breweries building to be turned into lofts and condos
A sales office for the new loft-condominium project called Brewer Lofts is expected to open in the coming weeks and the developer hopes to sell enough condos to enable construction to move ahead this year.
The old building no longer contains beer cases and fermenting tanks, but developer Greg Oldenburg said he plans to refill the building’s vast, empty rooms with dozens of living spaces.
“You can buy [a] big house, small house, lake house, valley house, whatever, but there really isn’t a loft-condominium like this,” he said.
'Appeal' for something different
The lofts range in size from 600 to 2,500 square feet. The 1,000 square-foot lofts cost around $380,000 — about $100,000 above the average home price in Sudbury.
Royal LePage sales representative Gwen Price said the price is typical for new condo developments in the city.
She said there’s a good chance the project will succeed.
“There will be always an appeal to people to have something different from everyone else, to say ‘I live at this address,’” she said.
Price added there’s reason to believe the project will be successful because there aren’t any lofts on the market in Sudbury.
“I think it’s going to appeal to an upscale client, also young professionals,” she said.
“So it’s not just necessarily going to be the baby boom generation looking in there.”
Oldenburg said he’s sold 10 out of the 50 lofts, and added he needs to sell about 35 lofts to finance construction.