This ruling could have a seismic impact on these new lofts.

It is the centerpiece of the new loft.

Even though the huge new lofts might sell for over $1 million each, many do not even come with a kitchen, he said.

He confided that this was not the first party at the new loft.

The new lofts average 2,000 square feet instead of 1,200, and come with more services, like doormen and storage areas.

Even before Sept. 11, many of the new lofts - agents estimate more than 300 were created - were still empty, and unsold.

Not that he likes leaving his new loft.

Now the screen has been moved back to its original position, a new loft formed and the balustrade reunited with the lower part.

The firm puts the average sales price for new lofts at $400 a square foot, with some going as high as $500.

As several characters are shopping for furniture for their new lofts, they buy a Persian rug on the street.