The historic Hannah Lay Building, built in 1883, will showcase this premier downtown, luxury condominium. Perched on the north side of the building, this loft overlooks the marina and has unobstructed views of West Grand Traverse Bay. This Penthouse Loft is built to your specifications, with the potential for a 3-bedroom, 2.5-bathroom open concept condominium. The main floor contains 1, 015 square feet, with a 665 square foot open loft area, for a total space containing 1, 680 square feet. This condo features a large bayside room with ceiling heights up to 18' 6". The 10-foot tall windows and door provide the gateway onto your balcony, overlooking the Farmers Market, the Bijou Theater, and the Bay. This penthouse, listed at $1, 218, 000, is purchased in an unfinished shell condition (at $450/sq. ft., equaling $756, 000) which makes the unit your blank canvas. You and the builder will fully customize the buildout of your condo to make your dream home a reality. The buildout budget included in the listing price is $275/sq. ft. ($462, 000), which can be adjusted to the new owner's specific wants and needs. Residents will have the option to purchase up to two underground parking spaces. This building has two elevator banks located conveniently at each end of the building. With only 3 lofts remaining, this historical project is like no other. Make downtown Traverse City your home.