10 new urban-inspired loft residences are set to open in Downtown North Bay.

Malmac Properties says the revitalization project at 240 Algonquin Avenue has had a million dollar local economic impact.

The project began in 2014.

There are still five of the luxury rental suites available for occupancy March 1st.

President of Malmac Properties, Ian Macpherson says, “North Bay has not seen rental suites like these before. The property offers a unique combination of convenient downtown location and premium amenities.”

Officials say the Algonquin Lofts feature 10 ½ foot exposed concrete ceilings with concrete beams, beautifully clad concrete columns, air conditioning, 2 bathrooms, in suite laundry and very chic, industrial flavoured interiors that were designed by Paisley Park.

On the web: www.malmacproperties.com/rentals/algonquin-lofts