Primarily an owner-occupied community

The Lofts is a primarily owner-occupied residential community, thoughtfully designed for long-term living rather than short-term or investment use. To preserve quality of life, community stability, and property values, leasing is intentionally limited.

• Owner Residency Required
  New owners must occupy their residence for a minimum of 12 months before becoming eligible to lease.
• No Short-Term Rentals
  Short-term rentals—including Airbnb, VRBO, and similar platforms—are not permitted.
• Lease Terms & Approval
  Approved lease terms range from 6 to 12 months and require prior Board approval.
• Leasing Cap in Effect
  A leasing cap is currently in place, and all available lease slots have been filled. A waitlist exists, and placement does not guarantee future leasing approval or timing.
• Lease & Renewal Fees
  Lease application and renewal fees apply in accordance with Association policy.

Bottom Line:
The Lofts is best suited for buyers seeking a primary residence in a stable, owner-focused community, rather than purchasers seeking rental flexibility or investment use.

Yes. To protect the building’s structure, shared systems, and overall living experience, all interior renovations require prior Board approval.

What Buyers and Owners Should Know

• Advance Approval Required
  Renovation requests must be submitted at least 7 days prior to the start of work. All work must comply with approved days and hours.
• Licensed & Insured Contractors
  Only properly licensed and insured contractors may perform renovation work.
• Design & Material Standards
  Depending on the scope of the project, specific material, construction, or design standards may apply to ensure consistency and protect shared building elements.
• Sound Mitigation Requirements
  The Lofts is committed to maintaining acoustic standards consistent with modern luxury condominiums. Flooring replacement requests must include acoustic testing documentation demonstrating compliance with minimum sound transmission standards for wood-joist construction.
• Hard Flooring Coverage
  Areas with hard-surface flooring must include area rugs covering at least 75% of the floor surface, as required by Association guidelines.

These requirements help preserve comfort, minimize disruption, and protect the long-term value of the community for all residents.

Parking at The Lofts is primarily deeded and unit-specific, with limited supplemental options.

• Deeded Garage Parking
  Each residence includes one or two deeded garage spaces, depending on the original unit sale.
• Additional Parking (Limited Availability)
  A limited number of garage spaces may be available for lease. Availability is subject to a waitlist.
• Vehicle Size Considerations
  Due to garage clearance and turning constraints, oversized vehicles may not be accommodated.
• Accessible Parking
  A very limited number of accessible parking spaces are located within the garage. When available, these spaces may be exchanged with a homeowner’s standard garage space at no additional cost, subject to availability and eligibility requirements.
• Public & Nearby Parking
  Public and designated accessible parking is available in nearby areas within Perkins Rowe.
• Electric Vehicle Charging
  Installation of EV charging equipment may be considered on a case-by-case basis, subject to Association review and at the homeowner’s expense.

The Lofts at Perkins Rowe Homeowners Association does not participate in the marketing, listing, or sale of individual units. All condominium sales are handled independently by owners and their licensed real estate professionals.

Prospective buyers interested in viewing available residences should contact a licensed real estate agent of their choosing. The Association does not maintain or publish a list of units currently for sale.

When purchasing a condominium at The Lofts, ownership extends beyond your individual residence. Each owner also holds a shared interest in the building and its common areas, supporting the long-term quality and value of the community.

Monthly assessments currently range from approximately $210 to $710 (as of July 2025), based on unit characteristics and ownership share.

As part of a mixed-use development, assessments fund the operation, maintenance, and improvement of both Lofts-specific common elements and Lofts expense to the broader Perkins Rowe common areas. They also support long-term reserve planning for major capital projects within the Lofts.

Assessment-funded expenses include:

• Reserve funding for future capital repairs and replacements
• Common area property and liability insurance
• On-site security services
• Landscaping and exterior maintenance
• Pool maintenance and operations
• Common area cleaning and janitorial services
• Trash and waste services (excluding oversized items)
• Elevator maintenance and service contracts

These shared expenses ensure the building and surrounding development are professionally maintained, protect property values, and support a consistent, high-quality residential environment.

The Lofts is designed with a centralized chilled-water air conditioning system, a solution commonly used in high-quality, multi-residential buildings to deliver consistent comfort while minimizing mechanical equipment within individual residences. Instead of separate A/C compressors in each unit, chilled water is supplied from a central plant, reducing noise, heat, and visual impact throughout the building.

The thermostat installed in each residence is an integral part of this system. It functions both as a temperature control device and as a chilled-water usage meter. Because of this dual function, the thermostat is owned and maintained by the chilled-water provider, not the homeowner. Chilled-water usage is billed directly to homeowners by SubmeterOnebased on metered consumption.

To preserve system integrity and ensure accurate billing, thermostats may not be replaced or modified, including the installation of Wi-Fi–enabled or smart thermostats. If a thermostat or meter is removed, altered, or replaced without authorization, the chilled-water provider must reinstall an approved unit, and all associated costs will be the responsibility of the homeowner.

Centralized chilled-water systems support a quieter, cleaner, and more reliable living environment by consolidating mechanical infrastructure and professional maintenance at the building level. This approach enhances long-term system performance, protects the building’s infrastructure, and provides residents with consistent, dependable comfort—without the burden of individual A/C equipment ownership or upkeep.

The Lofts currently provides standard trash disposal services for residents. At this time, the community does not participate in a separate recycling program.

Residents are asked to follow established trash disposal guidelines to ensure the compactor and common areas remain clean, safe, and well maintained.

The Lofts offers a range of thoughtfully designed residences to accommodate different living styles.

• Available floor plans include studio, one-bedroom, and two-bedroom units
• Unit sizes range from approximately 429 square feet to 1,795 square feet
• Monthly assessments currently range from $210 to $710 (as of July 2025), depending on unit size and ownership share

The Association provides resale, insurance, and governing-document information in connection with an active or pending transaction.

To ensure accuracy, privacy, and proper use of Association records, documentation is made available only to:

• Licensed real estate professionals representing a buyer or seller
• Current homeowners
• Mortgage lenders or closing professionals involved in a transaction

The Association does not distribute documents for general inquiry, informal review, or speculative interest.

Prospective buyers should request all required Association documents through their real estate agent or lender as part of the purchase process.

• Building A and The Lofts are located in Flood Zone X. Supporting FEMA documentation can be provided upon request for lenders.
• All units are required to carry full Replacement Value insurance coverage, regardless of mortgage status.
• Minimum coverage requirements vary by unit size and interior finishes.
• Insurance premiums vary by owner based on coverage selections and provider, so an average cost cannot be reliably estimated.

Owners are encouraged to consult directly with their insurance professional to ensure compliance with Association requirements and appropriate personal coverage.