You’re invited to be part of an exciting opportunity in the Valley Arts District.
Hat City Lofts is a redevelopment project of the former F. Berg hat factory complex by Housing and Neighborhood Development Services, Inc. (HANDS). Hat City Lofts will present 32 distinctive loft condominiums for sale. The emerging market condos is an anchor project for the Valley’s redevelopment from the former hat making capital, that left a graveyard of abandoned manufacturing sites, to the now vibrant Valley Arts District.
Redeveloping the Former F. Berg Hat Factory
The historic F. Berg hat factory is being converted into 32 distinctive condos with urban style loft layouts – big windows, high ceilings, polished exposed beams and beautifully preserved original architectural details – at affordable pricing.
Redevelopment of the Berg complex will occur in two phases and includes 32 affordable loft condos, with sizes ranging from 750-1,150 SF. Most units will be affordable based on HUD affordability standard for Essex County. Many of the units will be made available with 100% financing. Additionally, a 20 year tax abatement lowers the total cost of ownership. These attractive financing options make the “cost to own” lower than “the cost to rent”.
• Modern fixtures and state-of-the-art appliances
• Private off-street parking
• 20-year tax abatement
• Own for the cost of renting