I'm not sure which Cordish property you're referencing with the "cheap loft, concrete floors, exposed duct work" line either????
I think he means One Light, and probably meant the exposed concrete ceilings and walls instead of floors. In some apartments in One Light, there are exposed pipes and ducts. Again you are wrong StrangerThings. You can see in the photos I'm providing that there are exposed ducts and pipes in the living area and kitchens of One Light.
I hope Cordish limits that look to just One Light, since only has a limited appeal for most people. I guess it's not a big deal since it's a rental apartment building. Most people who buy in luxury buildings want a more finished look. The ceilings in One Light make me think the apartments were built in a former parking garage.
I wouldn't live in One Light simply because of the exposed pipes and ducts, and the concrete ceilings. I don't like that unfinished look. And don't overestimate the market for it. If one ever sells the apartments, more people will be put off with those features than attracted. For rentals, it's not as big a deal because many of the tenants will not be long-term and will move on at some point.