The source of that PR is ...
BlitzTrader.com
COMPANY PROFILE
LoftWerks (LFWK.pk)is a leading provider in the emerging market trend of revitalizing formerly decayed and underutilized urban real estate. America’s inventory of historical buildings has sadly been left to decay…until recently. Several real estate developers have begun restoring these gems and are breathing life back into the classical city through these structures. LoftWerks is poised to become the industry leader in this field. The conversion from warehouse and office buildings into New York or Soho styled lofts is the first step towards real renaissance. LoftWerks believes it can play an integral role in helping first time homeowners in identifying, acquiring, and renovating loft spaces in the top 100 media markets across the United States. Opportunities for urban retail and commercial expansion will follow as more people return to the heart of the City.
In addition to the construction services provided by LoftWerks, the company is launching several associated projects to promote the overall revitalized urban lifestyle. These include:
LoftWise Furnishings. The LoftWise product line will feature retail and catalog sales of furniture and fixtures specifically targeted at the new urban lifestyle. These cutting edge products will serve to enhance the unique living spaces created by converting warehouse or office buildings into urban living space. At present, there is no single source where urban pioneers can turn to for finding furnishings and fixtures specifically designed for use in converted loft spaces. The LoftWise line will streamline the search process, and should become the first choice when loft-owners seek unique solutions to decorating and furnishing their new spaces.
LoftWise Television Show. LoftWerks is in the process of launching a cutting-edge cable television series which will highlight the new urban lifestyle, and promote the type of restoration projects that the company is already completing. Intended for broadcast on the Home and Garden or DIY networks, LoftWise will feature profiles of completed urban revitalization projects, present interviews with industry leaders and innovators, highlight furnishings, fixtures, and decorating ideas uniquely suited for loft living, and present “how-to” restoration and construction techniques.
Completed and Ongoing Projects: The following is a partial listing of projects begun or completed by the LoftWerks team:
• Landsberg Lofts North. Detroit, Michigan. 8 units. Purchased for 460K. Appraised value prior to construction 750K. Construction costs 650K. Estimated value after construction 2.1M.
• Milwaukee Junction. Detroit, Michigan. New construction. 52 Brownstone units. 14,000 sq retail space.
• Ambrose Lofts. Nashville, Tennessee. Joint Venture. 20 unit loft conversion. Total sale price $4.7M. Ground floor retail (occupied). 40% of project to LoftWerks.
• Doctor’s Building. Nashville, Tennessee. Approx. 50 units. Total sale price $15M. Ground floor office/retail (occupied).
• Mid-rise condominium project. Detroit, Michigan. New construction. Approx. 50 units. Total sale price $40M.
Management:
Dennis Ammerman. President and CEO. Founded LoftWerks in 1994. Supervises all aspects of construction, product development and procurement of working capital. Dennis has spent his life absorbing the trends of the past and using them as tools of prediction for how the American cultural climate is going to shift next. Although Dennis’ background includes ventures as diverse as asbestos remediation, importing of exotic sports cars, marketing for the Calgary Winter Olympics and notoriety as a national champion ice sculptor, today he is dedicated to the revitalization of metropolitan centers—urban living at its best.
Charles Loveman. Director. Former Senior City Planner for downtown Los Angeles. Lead Hollywood Equitable Building renovation and redevelopment project, the Old Bank District Loft housing project, and the Rowan Lofts project. Currently Loveman serves as Executive Director for Heritage Housing Partners.
Merrick Malone. Director. Former Washington D.C. Deputy Mayor for Economic Development and Director of Housing and Community Development. He spearheaded the management team that constructed the MCI Sports Arena. Executive advisor for BET Television Corporate Offices and Studios. Currently a principal at Metropolis Development Company, based in D.C., which focuses on new and existing solutions for urban mixed use residential and retail projects.
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