Six months ago, Geva Theatre Center, along with local developer Patrick Dutton, unveiled plans for what was to become new artist housing. That project is now complete and the artists will be moving into the fully-furnished Geva Lofts beginning Monday.
Geva signed a 10-year lease on the 1 Woodbury Blvd. building, located 150 steps from the theater, for 11 studio loft units to house artists and actors. The redeveloped building highlights the existing architectural features of the building and includes modern, loft-style design with exposed brick, soaring ceilings and windows, and polished concrete floors.
The artists’ lofts are part of the remodel of the former Merkel Donohue building dubbed Woodbury Place. While the artists’ lofts are exclusively for Geva, the 20,000-square foot building initially constructed in 1870 is being carved into 44 loft apartments with rents ranging from $650 to $1,100. The first phase of the development featuring 21 apartments is due to be ready this spring. They have all been leased before the completion date, Dutton said.
The building is owned by Florida investors Eduard and Sveta Nakhamkin. They plan to make the complex into a mixed-use facility.