We enjoyed the location and the cleanliness and the space of the loft very much. We walked to Lake Calhoun and lots of bars and restaurants. Plenty of bicycles for rent nearby as well.
The noise level from the karaoke on Friday and Saturday nights was a little extreme, but my friend and I just had an extra drink and eventually fell asleep.
If you're planning to stay out late, then this place is perfect and really fun!