Mathis Development is transforming an old building on Madison into Loft-style condominiums.
There will be six condos, ranging in price from $180,000 to $250,000. Half of the units are expected to be sold in the next 90 days.
Alderman Doug Mark says he is not surprised by this development. He believes the shortage is not in buyers, but in supply.
The lofts are expected to be complete by mid-summer.