Before you continue your Loft or Condo search in Downtown Los Angeles, spend 2 minutes and read this:
Whether you've just begun your loft search or you've just placed a deposit on a loft or condo, our Loft Living LA real estate agents want to help you with your investment. Fifty percent of our callers are people who spent one week-end in Downtown and placed a deposit on a loft after comparing it to only 2 to 3 residential developments. We want to show you other properties in both Resale and New Development communities. Together, we will make sure your investment is solid and priced right.
Call 877 - 4LA - LOFTS to begin. All of our services are always free of charge to the Buyer.
There are over 120 residential communities in Downtown Los Angeles. Over 50 For Sale communities want you to choose their Development. The odds of you discovering the best community, the best unit in that community, and then purchasing that unit at the best possible price -- without using a Downtown specialist -- are very low. Plus, using a Buyer's agent from a company like Loft Living LA (a Keller Williams team) is done at no cost to you. We provide peace of mind by ensuring you've seen everything on the market that matches the results from your confidential "Needs Consultation."
GETTING TO KNOW YOU
When we first meet, we spend about an hour getting to know you. We ask lots of questions so we can be certain there is a property out there matching your unique search criteria.
ALREADY HAVE AN AGENT?
Even if you are already working with a real estate agent, (unless they are a part of the Downtown Real Estate Association) you should be talking to our team. Agents are coming out of the woodwork consulting Buyers about communities they have no experience selling. After you speak to us for about two minutes, you will see the difference it makes working with specialists and people who actually live in Downtown. DOING IT ON YOUR OWN?
Another portion of our clients find us as they are searching for the cheapest lofts in the Downtown market. We are here to tell you that in most cases, you do not want to purchase the cheapest loft in THIS market. Call us and we will explain why. New Development, Foreclosure, Short Sale, or Resale
Our Los Angeles loft experts are here to help you find a loft or condo and negotiate rock-bottom sale prices at no cost to you. In addition, we sit down with every client and provide charts, information, and strategies to help navigate this daunting task. When looking at unsold lofts or condos, understanding the type of sale and the reason the loft/condo is up for sale is a top priority. Downtown foreclosures and short sales have a story behind them. We want to make sure you understand what is actually going on. Since Downtown only has a few foreclosures and short sales, it's best to know which ones are the BEST values and which ones are the snakes in the grass.
OUR GOAL
From getting you the very BEST price to showing you your ideal location, we work from the very first phone call to ensure our clients walk-away from their experience -- Happy!
With loft and condo prices ranging from the high 200s to over 12 million, we have discovered there is a large opportunity for the average home owner to make a few BIG mistakes. We have spent hundreds of hours investigating Buyer concerns and getting to the bottom of the truth behind the facades of Downtown Los Angeles.
Call us 9 AM to 11 PM
(877) 4LA-LOFTs
The Loft Living Team
Elicia & Drew, our Buyer Agents, specialize in showing only excellent loft values in the New Development and Resale markets.
99% of all lofts shown are listed by OTHER companies. We prefer to represent "Buyers" instead of representing "Developer's" interests. If the properties are awesome and priced right, we do list excellent values. We always let you know when we are showing you our own listings. And when we do show you one of our own, really pay attention to that listing because we only agree to represent great values.
Ted, our founder, and Drew search out individual loft owners, past clients, and Developers who want to know more about selling their current loft. We educate Sellers about the NEW Downtown and help them compete in a fierce and changing market. Educated Sellers and Buyers make it to the close of escrow.
If you are looking for GOOD VALUES, insider info, and powerful negotiation on your behalf,
call us at 877 - 4LA - LOFTs.
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Bartlett Building
Higgins Building
Toy Factory Lofts
NEW LOFT LISTINGS
10th Floor Loft
6th Floor Corner Loft
6th Floor Loft
Amazing Penthouse Loft
Brentwood Loft
Cheap Loft!
Downtown Penthouse Loft
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Loft on Montana Avenue
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Penthouse with Rooftop Access
Perfect Starter Loft
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NEW DEVELOPMENTS - For Sale
1100 Wilshire
Biscuit Company Lofts
Broadway @ Hollywood & Vine
Broadway Exchange Building
Chase Plaza
Douglas Building
Eastern Columbia Lofts
El Dorado Hotel
Elleven-South
Grand Avenue Lofts
Jewelry Trades Building
Luma
Molino Street Lofts
Olive Street Lofts
Packard Lofts
Panamerican Lofts
Santee Court (Phase 2)
The Lofts @ Hollywood & Vine
The Union
NEW DEVELOPMENTS - For Rent
2nd and Central
Alexan Savoy
Library Court
NOHO Live/Work Lofts
Olympic Lofts
Pacific Electric Lofts
Santa Fe Lofts
Security Union Lofts
Stock Exchange Building
The Wilshire at Western
Valuta Building (Barry II)
RECENTLY COMPLETED
Barry Lofts (rent)
Factory Place Lofts (rent)
Gas Company Lofts (rent)
Grand Central Square (rent)
Little Tokyo Lofts (rent)
Orpheum Lofts (rent)
Pegasus Lofts (rent)
Santee Court (rent)
Trinity Towers (31 stories)
The City House (60 stories)
The Olympic (50 stories)
8th & Grand (40 story tower, 24 story tower, and 15 story tower)
Hilton Hotel (55 Story Hotel/Condo)
Fig Central (40 and 27 story towers)
Fig South
Developer: Williams & Dame Development Inc
Description: 2 towers each 34 stories with 324 total condos.
Metropolis (Three towers at 53, 47 and 38 stories)
Developer: City Centre Development Company (John Vallance)
Architect: Michael Graves
Grand Avenue (Four to Six Towers from 25-65 Stories)
Glass Tower (25 stories)
Northeast corner of 11th and Grand
Pacific Stock Exchange Towers (30 stories each)
Olive Street Tower (35 stories)
LAPD Headquarters
Federal Courthouse (16 stories, but over 400 ft)
8th & Figeroa Office Tower
Zen Tower (50 stories)
Developer: Kawada Group
Residences at 9th & Flower (37 stories)
755 Tower
Elleven (13 stories)
Evo (24 stories)
Luma (17 stories)
Grand Lofts* (7 stories)
Hope Street Condominiums (25 stories)
Hope Street Lofts (6 stories)
YWCA Job Center (7 Stories)
The Medallion (Two 11 Story Towers)
The Colburn (10 Story Tower)
Metropolitan Lofts (8 story)
California Plaza 3rd Tower
Grand Hope Park Lofts (14 Story Tower) Shown in orange
Ralphs Market + Lofts Above (6 Stories)
High School #9
Little Tokyo Block Eight Project (20 story apartment tower)
Fashion Institute of Design & Merchandising Tower (19 Stories)
Hanover Tower (27 stories)
Sci-Arc Towers (Two 50 stories each)
Concerto at Figueroa and 9th street (Two Towers, 27-story towers and a
5-story building)
12th & Fig Tower
Alexan Savoy Phase 2 (18 stories)
Alexan Savoy Phase 3 (25 stories)
Herald Examiner Residential Tower (24 stories)
ANGELS FLIGHT RECONSTRUCTION
Slow fundraising has stalled the start of the reconstruction of Angels
Flight, the funicular railway linking Bunker Hill and the Historic Core.
Construction now will likely start by July and finish in spring 2006,
said John Welborne, president of the Angels Flight Railway Foundation.
The short railway, which opened in its current location in 1996, closed
after a Feb. 1, 2001 accident in which one car slid down the track and
crashed into the other, killing one person and injuring seven. The two
cars have been restored and are in storage. Volunteers recently started
re-painting the railway's two station houses.
BILLS
The basement of the Los Angeles Trust and Savings Bank Building at 215
W. Sixth St. is being converted into a "speakeasy-style" bar
by Two One Three, the company behind the popular Golden Gopher bar at
Eighth and Olive streets. Bills, as it will be called, is being constructed
in an immense bank vault that features 12-inch thick circular doors that
were thought to be the thickest, strongest and largest in the world. The
intricate inner workings can be viewed through a glass cover. The 6,000-square-foot
basement will also feature white marble floors, walnut wood paneling,
polished stainless steel walls and much of the original architecture.
The $1 million cocktail lounge is expected to open in late summer, said
owner Marc Smith. The bank building above is vacant, and is being proposed
for residential use.
CHAPMAN BUILDING
Developer All Pacific Financial, Inc. plans to convert the 1913 Chapman
Building at the northeast corner of Eighth Street and Broadway into condominiums.
The 13-story building formerly housed garment businesses, and currently
leases ground-floor space to retail tenants including a jewelry store.
The developer is considering affordable units ranging from 500 to 600
square feet to meet demand from people making less than $100,000 a year.
Plans include restoring the historic marble and columns throughout the
building; construction could start by the end of the year. Architect Wade
Killefer is designing the project.
ECO-VILLE
A developer is raising funds to create 40 live-work spaces on a 2.5-acre
plot at Main and Llewellyn streets east of Cornfield State Park, said
Jennifer Siegal, whose Office of Mobile Design is behind the project.
The residential units, pitched to artists, would be fashioned out of prefabricated
and converted shipping containers, stacked and arranged in an "S"
pattern, with roof gardens and communal areas. Siegal said the developer,
who does not want to be identified, is creating a master plan for the
site.
EXPOSITION LIGHT RAIL
The Metropolitan Transportation Authority (MTA) board of directors last
month approved up to $640 million for the Exposition Light Rail Transit
Project. The eight-station, 9.6-mile line would run from the Metro Center
at Seventh and Flower streets south through Exposition Park, then head
west to a terminus at Venice and Robertson boulevards in Culver City.
Construction could begin as soon as next year. The MTA is also proposing
a second phase that would extend the line from Culver City to Santa Monica.
FOURTH STREET LOFTS
Construction could start as soon as this month on a 10-unit for-rent loft
structure at Fourth Street and Lucas Avenue in City West. Brentwood-based
Thomas Safran Associates is planning an 8,000-square-foot structure with
four stories of residential units above a floor of parking, said project
manager Andrew Gross. The one-bedroom apartments will range from 800 to
1,000 square feet and cost up to $2,000. The project sits on the staging
area for Skyline Village, an affordable housing project the developer
and Housing Corporation of America finished earlier this year. Construction
is scheduled for a May 2006 completion.
HOMEBOY INDUSTRIES
Boyle Heights-based Homeboy Industries, a pioneering gang prevention program
founded by Father Gregory Boyle, plans to break ground in August on a
20,000-square-foot building at Alameda and Bruno streets in Chinatown,
said spokesman Michael Baca. The two-story building will house the entity's
headquarters, a bakery and the 3,000-square-foot Homegirl Café
and Catering. Homeboy Industries helps former and at-risk gang members
with job training, counseling and job placement. The project is scheduled
for a fall 2006 completion.
1717 OLYMPIC HIGH RISE
First-time Downtown developer the Hanover Company is building a 156-unit,
ground-up project at 1717 W. Olympic Blvd. in City West. Plans from the
Houston-based entity call for a 28-story tower with one- and two-bedroom
market-rate apartments, said Kevin Batchelor, the development partner
in charge of the project. The units will average 1,061 square feet; the
company is still working on rental rates, Batchelor said. The project
is being designed by RTKL Architects. Construction is scheduled to start
this September, with a September 2007 completion, Batchelor said.
SHYBARRY TOWER
Developer Barry Shy said he plans to convert the 122,000-square-foot building
at 215 W. Sixth St. into 84 condominiums. Units would range from 600 to
1,200 square feet. The project would include about 20,000 square feet
of ground floor retail. Construction, which Shy pegged at $20 million,
would last a year and could start as soon as June.
UNIVERSITY GATEWAY
Urban Partners is working on plans to turn a former used car lot at Figueroa
Street and Jefferson Boulevard into a $130 million mixed-use residential
center for USC undergrads. University Gateway will house 1,658 students
in 421 units. The building will also feature 83,000 square feet of ground-floor
retail space and 1,029 parking spots. USC alumni Glenn Togawa and Timothy
Smith of Pasadena-based Togawa & Smith are designing the project.
Construction is scheduled to start in spring 2006 with a fall 2008 completion,
said Fred Jackson, a development associate with Urban Partners.
USC HEALTH SCIENCES CAMPUS
USC is tackling two projects on its Health Sciences Campus north of Downtown.
Construction is scheduled to finish in April 2007 on the Harlyne Norris
Cancer Research Tower, a 172,400-square-foot medical office building at
Biggy Street and Eastlake Avenue. The eight-story building will serve
the Keck School of Medicine, with five floors for research, two for preventive
medicine, a conference center, atrium, lobby and landscaped courtyard.
Additionally, crews will break ground next summer on the Institute for
Genetic Medicine, a 225,000-square-foot biomedical research building.
The project is scheduled for completion in early 2009, according to a
USC timeline.
USC UNIVERSITY PARK CAMPUS
USC has committed $288 million to construction projects on its campus
south of Downtown. The largest is the $70 million Galen Center, a 255,000-square-foot
arena at Figueroa Street and Jefferson Boulevard that broke ground in
December. The 10,258-seat venue also includes a 45,000-square-foot pavilion
with offices and practice courts. It is scheduled to open next summer.
Other campus projects include the 17,750-square-foot Fine Arts Graduate
Building at 3001 S. Flower St., set for a September completion, and the
100,000-square-foot Molecular and Computation Biology building near Vermont
Avenue and 36th Place, which opened this month. In addition, the university
is adding a new USC Credit Union branch at Flower Street and Exposition
Boulevard and a 1,200-car parking structure. Another project, a 143,000-square-foot
residential center for 440 students, will break ground in October, with
completion scheduled in July 2007.
VERMONT SENIOR HOUSING
Construction is scheduled to start this month on a four-story building
at 39th Street and Exposition Boulevard. The project by Century City-based
developer Century Housing Corporation will add 140 mostly one-bedroom
units, said spokesman Shelby Jordan. The development, for seniors over
62, includes ground-floor parking and common areas. The project is partly
funded by a 2002 Housing and Urban Development grant. Completion is scheduled
for September 2006.
RESIDENTIAL - FOR SALE
BISCUIT COMPANY LOFTS
Demolition is underway on Linear City's second condo project, and a building
permit is expected in late June, said principal Yuval Bar-Zemer. The 1925
National Biscuit Company factory at 673 S. Mateo St. will contain 104
live-work units ranging from 750 square feet to 3,779 square feet. There
will also be some three-level units with 1,500-square-foot gardens and
private elevators. Features include hardwood floors, brick walls, oversized
windows, 11-foot ceilings and a pool. Prices have not been determined.
The seven-story project will set aside more than 3,000 square feet for
retail, and is expected to open in July 2006. It is being designed by
Santa Monica-based Aleks Istanbullu Architects.
BROADWAY EXCHANGE
Construction is about 70% complete on 69 units at the Broadway Exchange
Building, said Project Manager Gabriel Frig. The 12-story structure at
219 W. Seventh St. was built in 1911 as the headquarters for the Bank
of Italy, but retains almost none of its original Art Deco façade
and architecture. Only the marble corridor and wooden doors on the sixth
and seventh floors will be preserved, while the dark steel façade
will be updated with a contemporary finish. Pricing has yet to be determined
on the open loft-style studios and one-bedroom units. Construction crews
are currently installing plumbing, electrical and drywall. Pre-sales are
set to begin in the fall, with completion in the first quarter of 2006.
The developer is Broadway Exchange Building, LLC. Architect Lucas Rios-Giordano
& Associates is leading the design.
BROCKMAN BUILDING
Construction of the historic Brockman Building is about 65% complete,
with the project's 80 condos expected to open in late fall, said Senior
Project Manager Dan Yogel. Urban Pacific Builders has partnered with West
Millennium Homes to develop the $21 million project at 530 W. Seventh
St. Units in the 12-story edifice, also known as the Brooks Brothers Building,
will start in the mid-$300,000 range, while penthouses with private rooftop
decks and views of South Park could fetch more than $1 million. The project
will include a spa and fitness center, community rooms and barbecues.
DOUGLAS BUILDING
Construction on the five-story Douglas Building at Third and Spring streets
is nearing completion. The developer, Downtown Properties, plans to secure
a temporary certificate of occupancy for four of the completed floors,
with move-in expected by the end of May. The former office building, constructed
in 1898 by prominent developer Thomas D. Stimson, is being converted into
50 high-end condos with German kitchens, hardwood floors and brick walls.
The common areas will include an atrium, a dog park and 20,000 square
feet of retail. The project has been delayed several months due to rainstorms
and lengthy preservation of historic features. Units were sold out within
the first few weeks. Rockefeller Architecture led the design.
EASTERN COLUMBIA LOFTS
A sales office and model unit are set to open June 1 for the striking
Eastern Columbia Lofts at 849 S. Broadway. The Art Deco turquoise-and-gold
terra cotta structure, which is being developed by the Kor Group, will
be converted from offices into 147 condominiums by early 2006. Units will
average 1,200 square feet with 11- to 14-foot ceilings. Amenities will
include a rooftop fitness studio, leisure terrace, pool deck and fireplace.
The development will also have retail space and possibly a restaurant.
Kelly Wearstler Interior Design and Killefer Flammang Architects are spearheading
the redesign. The building was constructed in 1930 and is listed on the
National Register of Historic Places.
810 GRAND LOFTS
As part of the existing 22-story Chase Plaza office complex at 801 S.
Grand Ave., the Lee Group and CIM Group plan to redevelop floors 12-22
into 132 live-work condos. The units will have an open floor plan and
will average about 1,500 square feet. Pricing has not been determined.
Construction began a month ago and demolition of the upper floors is underway,
said Jonathan Lonner, director of development for the Lee Group. A sales
office for the lofts is scheduled to open on the bottom floor in the next
few months, and prices are expected to be upwards of $500 per square foot.
The ground floor will remain a lobby and will hold restaurant and retail
space, while floors two through 11 will house offices. A new residential
entrance will be crafted on the building's west side. Completion is set
for the end of the year. Santa Monica-based Van Tilburg, Banvard and Soderbergh
is the architect.
EL DORADO HOTEL
Downtown Properties, a consortium that includes investor Goodwin Gaw and
developer Tom Gilmore, plans to begin construction in the fall on 65 condos.
The units will start in the mid-$300,000s and exceed $1 million; sizes
start at 850 square feet and top 1,700 square feet. The 12-story structure,
vacant since 1998, once housed 264 rooms for low-income occupants. The
distinct Gothic Revival design with Art Nouveau touches, ornate columns
and grand staircases will be restored and modernized by Rockefeller Architecture.
1100 GRAND LOFTS
This 66-unit condo project is set to open in July, and is nearly sold
out, said Jonathan Lonner, director of development for the Lee Group.
The 81-year-old building at 330 W. 11th St. is being converted by developers
the Lee Group and CIM Group. Most units in the $15 million project will
consist of two bedrooms and will range from 1,151 to 2,609 square feet.
Three additional floors have been added to the four-story structure, which
once housed the UCLA Extension program. Santa Monica-based Killefer Flammang
is the architect.
1100 WILSHIRE
Construction is underway on turning the top half of the wedge-shaped office
tower at Bixel Street and Wilshire Boulevard into 228 condominiums. Developed
by Hampton Development, TMG Partners and Forest City Residential West,
plans call for a mix of dual-level (660 to 1,980 square feet) and single-level
(700 to 1,200 square feet) condominiums. The 27-story, triangular office
tower atop a 15-level, nearly windowless parking garage has been largely
vacant since it was constructed in 1987. The project is slated for completion
in spring 2006, though the first phase of occupancy will begin late this
year, said senior project manager Greg Lebon.
HOPE CONDOS
Los Angeles-based Venice Development Group is in the planning stages for
a $60 million ground-up condominium tower at Hope Street and Olympic Boulevard,
said General Manager Sean Marouf. The Killefer Flammang-designed development
would feature 200 condominiums in 18 stories, with two floors of parking.
The building would total about 300,000 square feet and take 18 months
to build, Marouf said.
MAYFAIR HOTEL
Officials from L.A. Property Investment & Management Group did not
return calls regarding the residential conversion of the Best Western
Mayfair hotel at 1256 W. Seventh St. in City West. Past accounts said
the developers are looking to convert the 294-room hotel into 250 condominiums.
MOLINO STREET LOFTS
Most of the 30 lofts being constructed by the Kor Group in an existing
artist-in-residence structure at Fourth and Mateo streets were reserved
early this month. The Arts District development currently contains 61
live-work rental units in two adjoining 1920s warehouse buildings. The
Molino Street Lofts will feature condominiums ranging from 900 to 3,700
square feet. Construction is set to wrap by the end of this year.
OLIVE STREET LOFTS
Developers CIM Group and the Lee Group are still in the entitlement process
for this 17-story, ground-up condo tower. Plans call for the $35 million
project at 11th and Olive streets to rise on a vacant lot; it will feature
105 units ranging from 700 square feet to 1,500 square feet. Olive Lofts
will include ground floor retail and a skycourt. Construction is expected
to last 15 to 18 months. This is the fourth Downtown project on which
the developers have partnered.
PAN AMERICAN LOFTS
Urban Pacific Builders is developing 40 high-end lofts at the northwest
corner of Third Street and Broadway. Phoenix Realty Group and Bank of
America are financing the $13 million project, which is expected to come
online by January 2006. Demolition is complete and crews are beginning
interior framing and structural retrofitting. Floor plans range from 675
to 1,300 square feet, and prices will start in the low $300,000 range.
The edifice, formerly known as the Irvine Byrne Building, will feature
a recreation room and gym, as well as historic features like copper elevators,
brick walls and hardwood floors. Ten penthouses will come with private
roof decks. The Beaux Arts-style structure was designed by Sumner Hunt,
and in the 1940s housed a Mexican consulate. It is just north of Grand
Central Market and the Million Dollar Theatre.
ROWAN BUILDING
The Beaux Arts-style building at 458 S. Spring St. will be converted into
more than 200 units beginning this fall, with condominiums ranging from
500 square feet to more than 1,000 square feet. Developer Downtown Properties
is pricing the units from the high $200,000s to $700,000. Built in 1912,
the Rowan once housed stock brokerages and law firms. Killefer Flammang
is the architect.
SEVEN WEST
Developer Bret Mosher of Seven West LLC said he is awaiting permits from
the city for a 62-unit condominium project at 1401 W. Seventh St. in City
West. Mosher said he hopes to start construction by January 2006, with
completion by early 2008. Plans are still being worked out, he said, but
designs call for the five-story building to hold 3,000 square feet of
retail space. Mosher would not give a cost for the project. Killefer Flammang
is the architect.
SHYBARRY LOFTS
Demolition is complete in the residential conversion of the building at
548 S. Spring St. (known at times as Barry's Lofts II, the Wilson Building,
and the 548 Building). Developer Barry Shy, who is partnering with Albion
Pacific on the $25 million project, is turning the property into 84 condominiums
with units ranging from 700 to 1,100 square feet. The Historic Core project
is slated for completion in May 2006.
SKY LOFTS
Developer Linear City plans to start construction in the first quarter
of 2006 on 125 condos, said principal Yuval Bar-Zemer. The 12-story, ground-up
project will be built on the same plot as the company's Biscuit Company
Lofts at 673 S. Mateo St. Units will start at 600 square feet and will
top out at 1,800 square feet. Pricing for the contemporary-style lofts
has not yet been determined. The project will include terraced roof gardens,
a swimming pool and a landscaped breezeway that cuts through the building's
center. Construction is expected to last 18 months. German architect Behnisch,
Behnisch and Partner will design the Sky Lofts.
SOUTH/ELLEVEN
The first of three ground-up condo towers being developed by the South
Group near Staples Center, the $85 million Elleven is expected to be completed
in April 2006. The 13-story tower at 11th Street and Grand Avenue will
feature 176 lofts and four live-work townhomes, most of which have been
sold. Floor plans range from 850 to 2,800 square feet and units will cost
from $300,000 to more than $1 million. The project broke ground last year,
and the basement through fourth floors have been completed, with the fifth
floor underway. Elleven is Downtown's first new residential building to
be certified by the U.S. Green Building Council for Leadership in Energy
and Environmental Design.
SOUTH/LUMA
Construction on the second phase of South - a tower called Luma - is scheduled
to start this month, with occupancy set for early 2007, according to developer
the South Group. The 19-story, ground-up tower at the southeast corner
of Eleventh and Hope streets will house 236 condominiums, including two-story
live-work townhomes, as well as four levels of parking. The $80 million
endeavor will feature a more sophisticated, upscale urban design than
the project's first phase, though the two will share some amenities. Building
permits are expected in the next few months.
SOUTH/THIRD PHASE
Construction on the final phase of South is set to begin in the fourth
quarter of 2005, with anticipated occupancy in fourth quarter 2007, according
to developer the South Group. About 311 loft-style condominiums, including
two-story live-work townhomes accessible from the street, will be constructed
in a 23-story building at the northwest corner of 12th Street and Grand
Avenue. The $100 million project (currently unnamed) will include five
levels of secured parking above and below ground. It will share almost
the entire block with the previous phases, Elleven and Luma, and will
include an 8,500-square-foot pedestrian mid-block connection.
TERAMACHI SENIOR HOUSING
Framing is complete on the first floor of the $35 million Teramachi Senior
Housing, said developer Thomas Wong. The 127-condominium project on the
northwest corner of Third and San Pedro streets in Little Tokyo will offer
upscale housing for people 55 and older. Units range from 775 to 2,100
square feet. Amenities include a swimming pool, spa, exercise room and
courtyard gardens. The structure will contain three retail tenants on
the ground floor and one level of subterranean parking. Some tenants will
be from the nearby Senshin Buddhist Temple. The project is scheduled for
completion in November 2006.
1010 WILSHIRE BUILDING
Construction could start in October on the residential conversion of the
building at 1010 Wilshire Blvd. in City West, said project manager Ali
Afshar. Redwood City-based Amidi Real Estate Group plans to convert portions
of the 17-story office building into as many as 250 for-sale units. Designs
by Santa Monica-based architect Killefer Flammang call for turning 13
floors into 800- to 1,200-square-foot condominiums with 15% priced as
affordable housing. The project will include four levels of parking, a
swimming pool, a recreation area and possibly a health club. Telecommunications
company SBC currently leases the entire building from Amidi. The lease
expires in July when the company finishes moving 850 employees to the
SBC Tower in South Park. Afshar said the project is in the entitlement
phase. They hope to finish by February 2006.
RESIDENTIAL - FOR RENT
ALEXAN SAVOY
Construction of the first phase of the $65 million Alexan Savoy at First
and Alameda streets near Little Tokyo is nearly complete, said Alex Wong,
project manager for Costa Mesa-based developer Trammell Crow Residential.
Early move-in for the 303 apartments is scheduled for August, with full
occupancy by December. Rents start at $1,400. Wong said construction of
the project's second and third phases is scheduled to start this summer.
The second phase will add 117 condominiums; the third will create 210
condominiums.
BROADWAY PLAZA LOFTS
The conversion of the Blackstone Department Store into 82 lofts is about
65% complete, said Wolfgang Kupka, president of developer Vista Realty
Advisors. He said the project at 901 E. Broadway should be finished by
November. Designs call for converting the 89-year-old complex into 400-
to 1,200-square-foot units ranging from $700 to $2,300. About 16 will
be set aside for affordable housing. Plans also call for keeping the ground
floor businesses, which include a cellular phone store, an accounting
firm, a florist and a travel agent, and restoring the building s façade
and sidewalks. Last year, the Los Angeles Conservancy awarded Vista Realty
Advisors $100,000 to rehabilitate the building. The 1916 structure was
designed by John Parkinson, who drafted plans for Union Station, the Coliseum
and City Hall.
COULTER AND MANDELL BUILDINGS
The opening of the 137,000-square-foot Coulter and Mandell Buildings at
500-518 W. Seventh St. has been pushed back to July from April, said developer
George Peykar. The 88-year-old Jewelry District properties, which once
held offices and a dry-goods store, are being converted into 55 live-work
lofts and 28,000 square feet of ground floor retail. Peykar purchased
the structures in 2003 for $8 million.
EMERALD TERRACE
The site of the Emerald Terrace project at Lucas Avenue and Emerald Street
is undergoing site clearance, said Nancy Morris, a spokeswoman for Meta
Housing, a Westwood-based developer partnering on the deal with Century
Housing of Culver City. Construction should start in August, Morris said.
Plans call for a four-story multifamily apartment complex with 85 units,
all affordable. The $21 million development is set for completion in November
2006. Meta is also behind the Northwest Gateway apartment complex one
block north, on the corner of Lucas Avenue and Glendale Boulevard.
HARTFORD PROJECT
Construction is scheduled to start in September on the $13.7 million affordable
housing complex at San Lucas and Fourth streets, just west of the 110
Freeway, said Dora Leong Gallo, chief executive officer of nonprofit A
Community of Friends. Designed by architect Killefer Flammang, the 54-unit
complex will contain mostly three- and four-bedroom units, as well as
a Boys & Girls Club to serve the students of an elementary school
being built next door. Construction should wrap in September 2006.
JAMES WOOD APARTMENTS
Construction could start as soon as this month on a 61-unit affordable
housing project in City West. 1010 Development Corp., the development
arm of First United Methodist Church, is building the project on two lots
on opposite sides of the street; one at 1322 and the other at 1405 James
M. Wood Blvd. The project includes 40 two-bedroom units, 21 three-bedroom
units, 1,340 square feet of office space, a 1,740-square-foot community
room and a childcare center for 45 students. Kelle Rose, a community liaison
for the developer, said construction is scheduled to wrap in September
2006. Pasadena-based Ken Kurose Architects is designing the $16.7 million
development.
LIBRARY COURT
The conversion of the University Club building in the Financial District
into 90 units should be complete by September, said Jenny Cunningham,
a representative of Newport Beach-based Greystone Group. The $20 million
project is turning the 630 W. Sixth St. structure into high-end one- and
two-bedroom apartments, as well as five townhouses with a private entrance
on Hope Street. Units will rent from $1,500 to $2,600 a month. Named Library
Court for its proximity to the Richard J. Riordan Central Library, the
building's exterior features a new glass curtain wall in combination with
the existing marble. The property also includes an 11,000-square-foot
retail space that could house a restaurant. The complex will contain two
levels of underground parking.
LOFTS AT THE SECURITY BUILDING
Pre-leasing should start this month for units in the $28 million residential
conversion of the Security Bank building, said Bernard Sandalow, a spokesman
for Long Beach-based developer Simpson Housing Solutions. Construction
is scheduled to finish by July. The 99-year-old structure at 510 S. Spring
St. in the Historic Core has 153 lofts with floor plans ranging from 630
to 1,850 square feet. Twenty percent of the units will be priced as affordable
housing.
LORENZO
Brentwood-based developer GH Palmer Associates still intends to build
a 600-unit apartment complex on Sixth Street between St. Paul and Bixel
streets in City West, said the company's executive vice president, Peter
Novak. Although Lorenzo is in the planning stages, Novak said the developer
is looking for a summer 2007 completion.
MAIN MERCANTILE BUILDING
The completion date on the loft conversion of the six-story building at
620 S. Main St. has been pushed back from May to July, said Renee Elias,
director of finance for developer Oxford Street Properties. The developer
is adding 35 to 40 housing units as part of an $8 million transformation
of the 75,060-square-foot edifice. The industrial-style lofts will average
1,200 to 1,300 square feet and rent for $1,100 to $2,200. Construction
is about 75% complete.
MERCANTILE ARCADE BUILDING
The $15 million residential conversion of the Arcade Building at 541 S.
Spring St. is scheduled for completion by early 2006, said Ramon Nicolas,
an accountant with Fifth Street Funding. The developer is turning the
12-story Beaux Arts-style structure, also known as the Broadway-Spring
Arcade, into 143 market-rate lofts. Each of the building's two towers,
which are separated by an interior retail arcade that stretches from Spring
Street to Broadway, will house six one- and two-bedroom apartments per
floor. The 195,000-square-foot edifice will function as a mixed-use project,
a concept common when the structure was built in 1924. Architects David
Denton and Killefer Flammang designed the project.
METRO 417
The $60 million residential conversion of the former Subway Terminal Building
at 417 S. Hill St. is scheduled to be completed by August, said Kevin
Ratner, senior project manager for developer Forest City Residential West.
Plans call for 277 luxury live-work lofts in the 626,000-square-foot edifice,
which was the underground terminus of the Pacific Electric Railroad and
held 600 offices. The studio, one- and two-bedroom units range from 450
to 2,200 square feet. The 80-year-old structure will also feature three
penthouses and a 108,000-square-foot parking garage. AC Martin Partners
is the architect.
METROPOLITAN LOFTS
The $50 million Metropolitan Lofts in South Park is scheduled to finish
by August, said Kevin Ratner, project manager for developer Forest City
Residential West. The eight-story ground-up development will have 264
one- and two-bedroom units ranging from 700 to 1,400 square feet. Market-rate
apartments will go for $1,400 to $2,800; 52 affordable units will have
rents beginning at $500. The F-shaped structure at Flower and 11th streets
will also have 11,500 square feet of retail space. Pre-leasing started
this month. Johnson Fain Partners is the architect.
NINTH AND FIGUEROA
Developer Sonny Astani is seeking entitlements for a mixed-used complex
in South Park, said Brenda Rodriguez, a representative from Astani's Beverly
Hills office. Proposals call for two, 15-story apartment and condominium
towers with around 450 units, 40,000 square feet of retail and 1,200 parking
spaces. The project would rise at the southeast corner of Ninth and Figueroa
streets near Staples Center. Astani purchased the property last October
for $29 million from Equitable Life Assurance Society.
NORTHWEST GATEWAY
Crews are preparing the site at Second Street and Glendale Boulevard for
the 276-unit, mixed-income Northwest Gateway apartments. Graffiti covered
walls on the property have been torn down. The $55 million development
will include studio, one- and two-bedroom floor plans, and such amenities
as a community room, computer lab, pool, spa, dog park, fitness center
and two levels of underground parking. Developer Meta Housing hopes to
start construction this month, with a completion by January 2007, said
spokeswoman Nancy Morris. Construction has been delayed twice because
of permit filing errors. Community groups failed in efforts to turn the
site - the former Toluca train yard and Belmont tunnel, which runs beneath
Bunker Hill - into an art park. A mechanic's garage, demolished in January,
also sat on the plot. Last September, the city's Cultural Heritage Commission
designated the tunnel a Historical Cultural Monument. Developers said
they will keep the tunnel intact, although it will not be open to the
public.
ORSINI II
GH Palmer Associates plans to break ground this month on the ground-up
Orsini II at 505 N. Figueroa Street, said Peter Novak, executive vice
president of the Brentwood-based developer. Plans call for 600 luxury
studio, one- and two-bedroom apartments with rents ranging from $1,250
for studios to $1,725 for two-bedrooms. The development is part of Palmer's
three-phase Orsini. The project is scheduled for a May 2007 opening, Novak
said.
PACIFIC ELECTRIC BUILDING
Crews are working on the final phase of the $60 million conversion of
the nine-story Pacific Electric Building into 314 lofts, said Lourdes
Hernandez, a representative from Downtown-based developer ICO Investment
Group. The project is about 90% complete, with crews working on the eighth
and ninth floors of the 610 S. Main St building, Hernandez said. Plans
by architect Killefer Flammang call for 650- to 3,200-square-foot lofts,
a gym and roof garden. The 482,000-square-foot Historic Core structure
was built in 1908 and was once the terminal for the Pacific Electric Railway.
The building also houses Cole's Pacific Electric Buffet. The first phase
of the project should be complete by June.
PACIFIC EXCHANGE BUILDING
Efforts to convert the Pacific Exchange building into residential and
construct two 30-story towers near the City West plot at Third Street
and Beaudry Avenue are still in the design phase, said Michael Delijani,
general manager for developer Golden Hills Properties. West Los Angeles-based
Nadel Architects is designing the 850-apartment and condominium project.
The developer purchased the boxy, 10-story building, the former home of
the Pacific Stock Exchange, in the late 1990s. It consists of eight levels
of parking, the trading floor and a single level of offices. Although
the developers have not secured permits, Delijani said construction would
take place in three phases, with the first beginning in early 2006.
PACKARD LOFTS
Crews are in the final phase of construction on the $50 million conversion
of a former Packard car dealership into 116 market-rate lofts, said Sean
Marouf, project manager for developer Venice Investments. The development
at Hope Street and Olympic Boulevard should be complete by the end of
August. Units will range from 750 to 2,000 square feet and rent for $1,400
to $2,800. The project also includes a 25,000-square-foot ground-floor
storefront space and a 450-car indoor garage.
RESERVE
Crews are in the final phases of construction on the $13 million residential
conversion of the nine-story Federal Reserve Bank building at Olympic
Boulevard and Olive Street in South Park (the project was formerly known
as Olympic Lofts). Developer Maz Gilardian said crews are installing appliances,
granite countertops and utility lines in the building's 79 luxury live-work
lofts. The units will average about 1,000 square feet and rent for $2,000,
Gilardian said. A restaurant and bar are also planned for the ground floor
of the 85-year-old structure. The building is scheduled for completion
at the end of this month.
SCI-ARC LOT
A hearing is scheduled for May 19 in Los Angeles Superior Court over a
15-acre plot in the Arts District just west of the Southern California
Institute of Architecture (SCI-Arc) along Traction Avenue. The school
had been using the empty parcel as a parking lot. In 2004, developer Merco
Group paid Dynamic Builders $12.5 million for the land; Merco planned
to build a mixed-use development of rental and condominium units on the
site. School representatives contend there was a verbal agreement that
portions of the site would be sold to SCI-Arc. Richard Meruelo of Merco
Group and Dynamic officials deny an offer was made. Efforts to resolve
the issue have failed. The case lists SCI-Arc as the plaintiff and Merco
Group and Dynamic Builders as defendants. Elizabeth Mann, an attorney
for SCI-Arc, said the bench trial should take no more than 10 days. Meruelo
said that, depending on the outcome of the litigation, construction of
the project could begin as soon as the end of the year.
SECOND AND CENTRAL
Crews are pouring the concrete base of the six-story, 128-unit complex
on a small plot in Little Tokyo, said Gino Canori, project manager for
the Related Companies. The development will contain studios and one- and
two-bedroom apartments. The luxury complex will include a pool, spa, fitness
center and 12,500 square feet of retail. Units will range from 400 to
1,100 square feet, with the average apartment renting for $2.45 per square
foot. About 20 units will be priced as low-income housing. The development
broke ground last June and is aimed at students from USC and SCI-Arc,
empty nesters and young professionals working in the nearby Financial
District and Civic Center. The project is a joint venture between New
York-based Related and San Francisco-based MacFarlane Partners. Canori
said the project is slated for a March 2006 completion, although crews
are pushing for an earlier date.
TEXERE PLAZA
Construction finished May 1 on Texere Plaza, a project by Fortuna Asset
Management that is turning three Figueroa Corridor buildings on the block
bounded by Flower, Figueroa, 22nd and 23rd streets into a $10 million
complex, said leasing manager Jean Bogena. The development includes 62
lofts in a three-story building fronting 23rd Street. Units range from
520 to 1,106 square feet. The plot also includes a one-story warehouse,
retail buildings and a 200-space parking lot at 23rd and Figueroa streets.
Several businesses have signed leases, Bogena said.
THE FLATS LA
The conversion of the 205-room Holiday Inn at 750 Garland Ave. in City
West into studio apartments should be complete this month, said Stephen
Shapleigh of Newport Beach-based owner MKT Community Development. About
85% of the apartments in the 1960s-era structure will be priced at $1,200
a month, though some will cost up to $2,000. The developer is also considering
providing hotel-like amenities such as room service, a restaurant, a salon
and even a bartender who can pour a martini for a resident who's had a
long day.
THE UNION
Construction is scheduled to start this month on the conversion of the
former Union Bank headquarters at 325 W. Eighth St. into 91 apartments,
said Rob McRitchie, a partner with developer the Heisman Company. Plans
by architect Killefer Flammang call for units ranging from 450 to 1,400
square feet and renting for an average $1,600 a month. The transformation
of the 68-year-old edifice is scheduled to be completed in the first quarter
of 2006, McRitchie said.
TITLE GUARANTEE BUILDING
Construction is slated to start in June on the $25 million conversion
of the Title Guarantee Building at 411 W. Fifth St., said developer Daniel
Swartz. Plans are still being worked out as to whether the units will
be condominiums or apartments, Swartz said. Floor plans by Killefer Flammang
call for 74 lofts starting at 800 square feet with one 4,000-square-foot
unit in the building's tower. Ceilings would be exposed concrete and range
from 10 to 14 feet. Swartz, who purchased the 12-story structure in 1983
for $9 million, bought out his investors' interest in the property. Architects
John and David Parkinson modeled the Art Deco- and Gothic-inspired edifice
after the Tribune Tower in Chicago. Built in 1930, the property is perhaps
best known for Hugo Ballin's murals in the lobby. The structure, the former
home of Spanish language newspaper La Opinión, was listed on the
National Register of Historic Places in 1984. Swartz said construction
is scheduled to finish in the first quarter of 2006.
TUSCANY
After delays due to rains earlier this year, developers from Los Angles-based
Conquest Student Housing expect to start framing next month on the 300,000-square-foot,
120-unit student apartment complex at 3760 S. Figueroa St. near USC. Construction
on the $40 million project began in July and should be complete by June
2006, said principal Alan Smolinisky. The five-story complex will house
512 students in one- to four-bedroom apartments. Amenities will include
steam rooms, saunas, tanning beds, satellite television, a gym, sundeck,
study lounge, dry cleaning, and maid and tutoring services. Smolinisky
said Conquest has also secured leases for the project's 15,000 square
feet of retail space from Coffee Bean & Tea Leaf, Coldstone Creamery,
Quiznos Subs, Pick Up Stix and Robek's. Rent will be $600 per student.
Conquest owns 18 apartment buildings around USC.
UNION STATION VILLAGE
Crews are in the framing stage on the first phase of a $34 million housing
complex at Alameda Street and Cesar Chavez Avenue near Union Station,
said John Faulk, director of development and acquisitions for Newport
Beach-based Lincoln Property Company. Excavation on the 2.75-acre plot
started last June; the project will consist of two, five-story structures
that will house 278 units. Sixty percent of the apartments will be one
bedroom and the remainder will be two bedrooms, all ranging from 640 to
1,400 square feet. The complex will feature a rooftop pool and spa, along
with a ground-floor exercise facility and computer center. A bridge will
connect the housing complex to Union Station. Faulk said the first phase
should be ready by October, with the second phase finished by January.
VICTOR CLOTHING LOFTS
The residential conversion of the five-story former home of the Victor
Clothing Co. at 242 S. Broadway was scheduled to begin in February. Representatives
of the non-profit Neighborhood Efforts have discussed plans for 38 live-work
lofts ranging from 900 to 1,600 square feet. The building is best known
for its exterior wall mural of Anthony Quinn as Zorba the Greek. The developers
have said they hope to restore the mural.
VILLA VERONA
Crews are excavating a plot on Wilshire Boulevard between Bixel and Witmer
streets, just west of the 110 Freeway, for a 250,000-square-foot project.
Plans by developer Sonny Astani call for a six-story structure with 234
lofts, 10,000 square feet of retail and 450 parking spots. The development
includes 35 workforce apartments. Brenda Rodriguez, a representative from
Beverly Hills-based Astani Enterprises, said construction should be complete
by July 2006.
VISCONTI
The ground-up, $45 million construction of 297 units at Third and Bixel
streets in City West is scheduled for completion by the second quarter
of 2006, said Peter Novak, executive vice president of developer GH Palmer
Associates. The project broke ground in December and excavation was completed
earlier this year. Crews are now pouring the foundation, Novak said. Last
year, the developer agreed to pay $2.8 million to the city; this will
exempt the firm from including low-income units in the Visconti, and allow
them to convert 60 low-income units in another Downtown project, the Medici,
into market-rate apartments.
WILSHIRE COURT
Developer Holland Partners of Vancouver, Wash., has begun excavation for
a two-tower ground-up apartment complex in City West. The four-story building
at Bixel Street and Wilshire Boulevard will house 108 units. A second,
five-story, 93-unit tower will rise just south, at Bixel and Ingraham
streets. The two buildings will be linked with a skybridge. The development
will include two- and three-bedroom units averaging 800 square feet. Principal
Tom Warren said the project is scheduled for a summer, 2006 opening. This
marks Holland Partners' first project in Downtown Los Angeles.
MIXED USE
BLOSSOM PLAZA
A groundbreaking is scheduled for next summer on the site of the former
Little Joe's restaurant (it closed in 1998) at Alameda and College streets;
the property will be turned into a mixed-use complex known as Blossom
Plaza. The development is a collaboration between the city and private
developers. The city purchased the plot for $4.7 million from owners Laeroc
Partners and Bond Companies. Plans call for a parking garage, as well
as a pedestrian bridge linking the adjacent Chinatown Gold Line station
to Broadway. Construction on the parking garage is set to begin this summer
and last a year. Laeroc and Bond retained the air rights to build on top
of the garage. Larry Bond, who heads Bond Companies, said the housing
will be compatible with Chinatown's design. Construction will last about
two years, he said. Ultimately, Blossom Plaza could connect with another
mixed-use development on the site of the Capitol Milling Building.
CAPITOL MILLING BUILDING
Plans are in place to convert the 60,000-square-foot Capitol Milling Company
building into a mixed-use development. Steve Riboli of S&R Partners
plans to turn the 1231 N. Spring St. building into 40 apartments and 25,000
square feet of retail. Riboli is working with Larry Bond, who is developing
the nearby multi-million dollar mixed-use Blossom Plaza, on creating a
public space to fuse the two sites. Riboli said he would not begin construction
until Blossom Plaza is completed in 2006 or 2007. The structure is a former
grain mill and silo. The plans are part of the large-scale Riverview Project
at the Cornfield, a mixed-use development on a triangular piece of land
stretching from College Street to the Los Angeles River. The four-phase
project would use the Capitol Milling Building as a southern anchor and
include up to 300 residential units in four four-story ground-up structures,
said John Deenihan, a principal with Downtown-based Rothenberg Sawasy
Architects, who is designing the project. Construction is not scheduled
to start until at least 2007. The Riboli family also owns the San Antonio
Winery north of Chinatown.
GRAND AVENUE PLAN
The Joint Powers Authority on May 23 is scheduled to consider the $1.2
billion plan to turn a strip of Grand Avenue into a massive multi-use
project. New York-based Related Companies has conducted numerous public
meetings, and is moving forward on plans to turn the street, from Cesar
Chavez on the north to the Richard J. Riordan Central Library at Fifth
Street on the south, into a collection of high-rise apartments, hotels,
offices, clubs and cafes. The development includes what are expected to
be massive structures and 3 million square feet of space, mainly rising
on two county-owned and two city-owned parcels
HERALD EXAMINER BUILDING
Plans for the former home of the city's last afternoon newspaper are still
in limbo. Developer Urban Partners is exploring the possibility of turning
the 1914 property at 11th Street and Broadway into a mixed-use development,
with retail and office space, as well as for-sale and rental properties,
said Devan Pailet, a development executive for the company. The property
consists of three buildings, and has been largely empty since the newspaper
shut down on Nov. 2, 1989. Urban Partners is working with the building's
owner, San Francisco-based Hearst Corporation, to create a plan for the
complex.
MEDALLION
The groundbreaking of a 207,000-square-foot mixed-use project at Fourth
and Main streets in the Historic Core has been pushed back. Developers
Saeed Farkhondehpour and Morad Neman now hope to break ground in September
on the $125 million Medallion, which will include 375 market-rate rental
units and 200,000 square feet of retail space in two 11-story towers.
One would rise on the northeast corner of Fourth and Main, across the
street from Pete's Café and Bar, and the other at Third and Main.
Units would average 850 square feet, with rents from $2 to $3 per square
foot. The complex would include three commercial structures of up to three
stories. About 25 housing units fronting Main and Los Angeles streets
would be scattered on the upper floors. The project would also include
a two-acre courtyard and park. M2A Architects and Leo A Daly are the architects.
Farkhondehpour said he hopes construction will wrap in mid-2007.
METROPOLIS
City Centre Development Company is moving though the entitlement process
for a project on a 6.3-acre plot bounded by Ninth and Francisco streets,
said Executive Vice President John Vallance. Construction is expected
to start in early 2006 on the first phase, which will include a 53-story
building with 548 apartments and 25,000 square feet of retail. Phase two
calls for a 47-story structure with 288 apartments, a 480-room hotel and
10,000 square feet of retail. The third phase envisions a 38-story tower
with more than 893,000 square feet of office space, 11,000 square feet
of retail and a 95,000-square-foot space for a cultural institution. The
project originally had a larger office component and retail elements,
but was downsized after negotiations with the Community Redevelopment
Agency in favor of more residential units. Construction on the first phase
is expected to last two years.
SANTEE COURT
Construction is slated to wrap Dec. 17 on the second phase of Santee Court,
a $130 million conversion of nine former garment factories in the Fashion
District, said developer Mark Weinstein of Santa Monica-based MJW Investments.
Crews in January started demolishing the interiors of the Textile Center
Building at 315 E. Eighth St. and the Gray Building at 824 S. Los Angeles
St. to make way for 299 apartments and 30,000 square feet of retail. The
three-phase mixed-use and mixed-income project will eventually add 578
units to three blocks bounded by Los Angeles, Seventh and Ninth streets
and Maple Avenue. The first portion, with 165 apartments, opened last
year and is 90% leased. There is also a Rite-Aid drugstore. Construction
on the final 80-condominium phase should start before July, with construction
scheduled to wrap in 2007, said Weinstein. The entire project includes
about 780,000 square feet of live-work lofts, shops and restaurants, with
amenities including a basketball court and a golf driving range. MJW Investments
has secured a 70-year lease allowing it to build a parking structure on
Maple for Santee Court tenants. The lot would also serve as a staging
area for MTA buses.
SOUTH VILLAGE/RALPHS
Excavation started late last month on Market Top Flats, the grocery store
and condominium component of South Village, a $220 million mixed-use project
that is transforming a 7.2-acre plot bounded by Eight, Ninth, Flower and
Hope streets. Construction will start this summer on the six-story building,
which includes the 50,000-square-foot Ralphs grocery store and 267 condominiums.
The Lee Group is the project's housing developer, while CIM will oversee
financing and the development of 10,000 square feet of retail along Ninth
Street. The first phase, the 251-unit Gas Company Lofts at 800, 810 and
820 S. Flower St., opened last year. Phase three, estimated at $21 million,
would develop 152 rental lofts and 25,000 square feet of retail on the
southwest corner of Eighth and Hope streets. Phase four, estimated at
$90 million, would develop sites that flank the supermarket on the northwest
corner of Ninth and Flower, as well as a vacant parcel on the northeast
corner of that block. Two new buildings would be constructed with 520
for-sale units and another 30,000 square feet of retail. Construction
of Market Top Flats is expected to take about two years.
VIBIANA PLACE
Construction is nearly complete on the $4 million Little Tokyo branch
of the Los Angeles Public Library, which fronts Main Street. It is expected
to open this month. It sits in front of St. Vibiana's Cathedral, the former
headquarters of the Los Angeles Archdiocese; the 1876 structure is being
converted into a performing arts center to be programmed by California
State University-Los Angeles. The cathedral had been shuttered following
the 1994 Northridge earthquake. Future plans for the property could include
a residential element, said developer Tom Gilmore of Gilmore Associates.
A hotel and restaurant could also be
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LOS ANGELES, 90012 Downtown Loft
BARTLETT BUILDING LOFTS 215 W 7TH STREET
LOS ANGELES, 90014 Downtown Loft
HIGGINS BUILDING LOFTS 108 W 2ND STREET
LOS ANGELES, 90012 Downtown Loft
EASTERN COLUMBIA 849 S. BROADWAY
LOS ANGELES, 90014 Downtown Loft
ELECTRIC LOFTS 1628 ELECTRIC AVE
VENICE, 90291 Venice Loft
TOY WAREHOUSE LOFTS 215 S SANTA FE AVE
LOS ANGELES, 90012 Downtown Loft
FLOWER STREET LOFTS 1130 SOUTH FLOWER STREET
LOS ANGELES, 90015 Downtown Loft
DOGTOWN STATION 902 MAIN STREET
VENICE, 90291 Venice Loft
GRAND LOFTS 330 W. 11TH ST.
LOS ANGELES, 90015 Downtown Loft
ORANGE GROVE LOFTS 1011 N ORANGE GROVE AVE
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Loft
LAUREL GARDENS 1420 N LAUREL AVE
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Condominium
COLONNADE WEST 1050 N EDINBURGH AVE
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Condominium
LOFTS ON ORLANDO 710 N ORLANDO
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium NORTON COURT
8223 NORTON AVE
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Condominium
No 850 NORTH CROFT
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
No LAUREL ON SUNSET 1426 N LAUREL AVE
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Condominium
CAROLWOOD CONDOMINIUMS 1033 CAROL DRIVE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
8601 WEST KNOLL
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
FOUNTAINVIEW 8455 FOUNTAIN AVE.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
EMPIRE WEST 1100 ALTA LOMA
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
THE COLONIAL HOUSE 1416 HAVENHURST DRIVE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
SIERRA TOWERS 9255 DOHENY
LOS ANGELES, 90069 West Hollywood Vicinity Condominium
REGENCY HOUSE 1014 N. DOHENY DR.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
930 N. DOHENY DR.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
REGATTA SEASIDE 13600 MARINA POINTE DRIVE
MARINA DEL REY, 90292 Marina Del Rey Condominium
SUNSET PENTHOUSE 1400 N SWEETZER
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
BEACHWOOD CANYON 2225 N BEACHWOOD DRIVE
HOLLYWOOD HILLS, 90068 Hollywood Hills East Townhouse
621 N. ORLANDO AVE.
WEST HOLLYWOOD, 90048 West Hollywood Vicinity Townhouse
THE GRANVILLE 1424 N. CRESCENT HEIGHTS
HOLLYWOOD, 90046 West Hollywood Vicinity Condominium
DOGTOWN STATION 902 MAIN STREET
VENICE, 90291 Venice Loft
846 WESTBOURNE DRIVE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
818 N DOHENY DRIVE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
848 N. KINGS RD.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
720 HUNTLEY DR.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
COUNTRY CLUB MANOR 316 NORTH ROSSMORE AVE
LOS ANGELES, 90004 Hancock Park - Wilshire Condominium
TRAFALGER 949 NORTH KINGS RD
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
WESTVIEW TOWERS 1155 N. LA CIENEGA BLD
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
1328 HAVENHURST DR.
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Condominium
7505 HAMPTON AVE.
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Condominium
SKYLINE 3880 FREDONIA
HOLLYWOOD HILLS, 90068 Hollywood Hills East Townhouse
LOS FELIZ TOWERS 4411 N LOS FELIZ
LOS ANGELES, 90027 Los Feliz Condominium
KINGSWOOD SOUTH 1015 N KINGS
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
THE ASCOT 927 N KINGS RD
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
THE DESMOND 851 N. SAN VICENTE BLVD.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
FLORES COURT 625 N FLORES
WEST HOLLYWOOD, 90048 West Hollywood Vicinity Condominium
906 N. DOHENY
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
1010 HAMMOND STREET
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
8550 HOLLOWAY DRIVE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
1140 ALTA LOMA ROAD
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
8400 DE LONGPRE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
914 N. KINGS RD
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
DOHENY WEST TOWERS 999 N. DOHENY DR.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
906 N. DOHENY DR.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
1134 N. ALTA LOMA RD.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
PARK WELLINGTON 1131 ALTA LOMA RD.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
1310 N. DETROIT
LOS ANGELES, 90046 West Hollywood Vicinity Condominium 700 WESTMOUNT DR.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
FRANKLIN TOWERS 7250 FRANKLIN
HOLLYWOOD, 90046 Sunset Strip - Hollywood Hills West Condominium
SHOREHAM TOWERS 8787 SHOREHAM DRIVE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
PLAZA TOWERS 838 N. DOHENY DR.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
THE CASTLE GREEN 99 S RAYMOND AVE
PASADENA, 91105 Burbank Glendale Pasadena Condominium
750 N. KINGS RD.
LOS ANGELES, 90069 West Hollywood Vicinity Condominium
1233 N. FLORES ST.
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
1222 N. OLIVE DRIVE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
1200 N. FLORES STREET
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium
AXIS AT UNION STATION ALAMEDA ST AT CESAR CHAVEZ AVE
LOS ANGELES, 90012 Downtown Condominium
SAVOY CONDOMINIUMS 100 S ALAMEDA STREET
LOS ANGELES, 90012 Downtown Condominium
BUNKER HILL TOWER 800 WEST FIRST STREET
LOS ANGELES, 90012 Metropolitan Condominium
SKYLINE CONDOMINIUMS 600 WEST 9TH
LOS ANGELES, 90015 Metropolitan Condominium
THE PROMENADE 121 SOUTH HOPE STREET
LOS ANGELES, 90012 Downtown Condominium LIBRARY COURT CONDOMINIUMS 630
W 6TH STREET
LOS ANGELES, 90017 Downtown Condominium PROMENADE WEST 880 W 1ST STREET
LOS ANGELES, 90012 Metropolitan CondominiumTOKYO VILLA 222 S CENTRAL AVE
LOS ANGELES, 90012 Downtown Condominium
LOS FELIZ VILLAS 4301 LOS FELIZ
LOS ANGELES, 90027 Los Feliz Condominium
GARDNER 9 1050 N GARDNER
WEST HOLLYWOOD, 90046 West Hollywood Vicinity Condominium 924 NORTH PALM
AVENUE
WEST HOLLYWOOD, 90069 West Hollywood Vicinity Condominium AZZURA 13700
MARINA POINTE DRIVE
MARINA DEL REY, 90292 Marina Del Rey Condominium 1100 WILSHIRE 1100 WILSHIRE
BLVD.
LOS ANGELES, 90017 Downtown Condominium