In 1998, Developers Dennis Norman and Peter Rothschild purchased the eight-story building at 1324 Washington Avenue for $265,000 from downtown developer Larry Deutsch, who had applied for a demolition permit. Norman and Rothschild had planned to invest close to $1.5 million to convert it to lofts.

The building is now owned by the McGowan Brothers Development; a family owned development company that has been active in the Washington Avenue loft district. The building has taken the name of Grace Lofts, and is to be a $6 million project calling for 24 rental units ranging in rent between $1100 to $1700 per month.

The building is notable for its glazed brick facade with bas-relief concrete obelisks loft apartments are planned on the upper floors, commercial space on the ground floor and tenant parking in the basement.

 
NOW OPEN | March 11, 2005 -- Flannery's Restaurant & Sports Bar
Flannery's is a 3,000 square foot neighborhood pub and sports bar that offers 10 kinds of beer on tap, with over 45 beers from the bottle, entertainment, dartboards, video games, and a 40-foot wall of televisions.
 
UPDATE Opening on October 01st, 2004
Pre-Leasing Now! Call 314-588-1170.

• Thumbs-Up for Flannery's on Washington Avenue

Related Links:

• Grace Lofts
• McGowan Brothers Development Corp
• Norman, Rothschild buy building; plan for more lofts
• Fallout from Rothschild plan