I lived in their Iron St. property for a year and a half. Like the previous poster said, they really are awesome spaces, and they really are cheap. But, naturally, there's issues.

I think it comes down to this: how much crap are you willing to put up with to have a sweet loft for pennies?

Two horror stories:

#1. Came home one evening only to find that the upstairs neighbor's bathtub or toilet had poured water through the their floor [[my ceiling) directly onto my brand new bed. Total loss. Management credited me $100 for the damage.

#2. Live-in girlfriend was at home during the day while I was at work. Knock on the door. Her, being cautious and smart, didn't answer the door. Another knock. She didn't answer. Then, the crowbar begins prying through the door frame. She pounds on the door, scares the would-be thieves off. Thankfully, the next door neighbor with the shotgun stayed with her until I came home from work.

Again, cool lofts, but you may have to deal with some things.