Next up for warehouse-turned-office building on Callowhill Street: Apartments

Greenwich, Conn.-based Ivy Realty is borrowing $23.3 million from Santander Bank N.A. to convert an industrial building that currently houses offices at 1600 Callowhill St. into apartments.

 The real estate investment firm plans to redevelop the six-story property into 93 rental units and 2,600 square feet of ground floor retail, commercial real estate firm Cushman & Wakefield, which brokered the loan, said in a release Tuesday.
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