NEW LOFTS DOWNTOWN LOS ANGELES – Plans have changed several times regarding the renovation of the Downtown LA Jewelry District’s historic Foreman and Clark building into new lofts for sale or for lease. #foremanclark #millsact
Foreman Clark Building Historic Core DTLA
REAL ESTATE NEWS – The developer had previously planned to create a mixed-use conversion and and/or a hotel. New homes: The latest construction plans filed with the City of Los Angeles planning department state that the Canadian developer Bonnis Properties intends to convert the 1929 building into residential use with 8,500 square feet of retail space on the ground floor. It is not clear yet if the new lofts will be for sale or for lease, but making loft apartments for lease is more likely based on what most other developers have decided to do recently. They are making a pretty penny on the high rents, and the big developers obviously believe that rents will continue their upward trajectory for loft conversion rentals. Prospective home owners can get onto the New Homes Interest List at no cost.
The 13 story historic Foreman and Clark building at 7th and Hill Streets was originally designed by Curlett & Beelman Architects. The structure was once home to the flagship store for men’s clothing retailer Foreman and Clark on its second through fourth floors. The clothier moved out of this location in the 1960s.
The Art Deco Gothic building is a city Historic-Cultural Landmark for its architectural elements, and because it exemplified the expansion of the early Broadway shopping district according to its application for landmark status.
A bar and restaurants may or may not be the anchors of the future renovation, depending on who you ask and when. We have also been told that it is actually 165 units that are slated to be created for residential use.
Historic Core DTLA
It is also said that the developer intends to fill out the 1920s Foreman and Clark building with 124 market-rate apartments (meaning none will be set aside for low-income tenants), with sizes ranging from 470 to 1,075 square feet. The loft redevelopment will also include two penthouses, which will be converted from space that was historically used as mechanical rooms. Hopefully the developer will keep . The penthouses measure about 1,300 and 2,600 square feet, respectively, with the larger penthouse being a prized two-story luxury condominium unit.
The Foreman and Clark building, which sits at the corner of 7th and Hill streets, is rectangular for the first four floors, but then it splits into a U-shaped structure, meaning that on top of the 4th floor, there is open space to be made into communal space for residents.
There will be no parking on site. The building’s never had parking, says Bartolo, and there are no plans to add any.
Bonnis is applying tax credits under the Mills Act right now and also seeking permits. Construction is scheduled to start some time in the next 12 to 15 months. The architect is Los Angeles-based OKB Architects.
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Because the L.A. Loft Blog has proven such a big success, attracting thousands of readers per day to the greatest wealth of information on homes for sale, lofts, condominiums, buildings, neighborhoods and real estate news, the publishers have decided that many more home buyers also need a website that includes more surrounding neighborhood information with home search to find houses and condos for sale in the up-and-coming outside of Downtown Los Angeles. See the homes for sale in all So Cal cities and neighborhoods at www.SoCalHomeBlog.com. #socalhomeblog #homesforsale
For Immediate Release: March 30, 2017
Of Interest To : Real Estate Columnists, Business Journalists
Contact: Corey Chambers,
coreychambers@yahoo.com
(213) 880-9910
New SoCal Home Blog Is THE Authority On Southern California Real Estate
Los Angeles, CA (March 30, 2017) — Southern California has a brand new resource for interested home buyers eager to find the right home and neighborhood for them with the ‘official’ launch of the new “SoCal Home Blog”! Located on the web at www.SoCalHomeBlog.com, the “So Cal Home Blog” is all about furnishing prospective home buyers with the very best and most essential aspects pertaining to local neighborhoods, houses and condos throughout the Southern California area — along with enabling them to take advantage of more access to more properties, and allowing buyers to get the best deal guaranteed in writing!
Homes for sale home search
The brainchild of noted LA Real Estate Broker and a recognized Authority on the city’s Downtown area, Corey Chambers, the effectiveness of such on-line real estate blogs has long been known to Chambers, who himself is also the man behind the successful L.A. Loft Blog, which he started back in 2010. Located on the web at www.LALoftBlog.com, LA Loft Blog has itself since become highly regarded as the go-to place on the internet for anyone interested in keeping up-to-date on all things regarding the lucrative and much in-demand loft market for LA’s downtown areas. Now, the new website is poised to similarly become a consumer’s best bet to find the latest information about Southern California homes for sale in the Greater Los Angeles Area and beyond, including houses, condominiums, lofts – and the very best neighborhoods in which to find them throughout all of Los Angeles County. In addition, Chambers advises that “The SoCal Home Blog” will also soon offer the same news and listings for , Orange County, The Valley, Riverside County, Palm Springs, San Diego and other SoCal areas as well! “The So Cal Home Blog website easily finds favorite neighborhoods with homes for sale,” Chambers further stresses, “and popular adjacent neighborhoods, with complete property descriptions and photos!”
He goes on to note that home sellers too, can benefit substantially from the information contained on “The So Cal Home Blog”— information that can lead them to obtain serious buyers for their property leading to more guaranteed home sales! In fact, so confident is he in this revolutionary new resource, that he is making a big offer. Chambers promises to sell homes at a price acceptable to the seller, or the Chambers team will buy it. (The seller and Corey Chambers must agree on the price and terms.)
Chambers explains that his idea behind “The SoCal Home Blog” came about when he, as a broker himself, observed a continuing problem within the current real estate industry, wherein most agents would advertise various properties (or even simply advertise themselves and their individual company’s services) all designed to get buyers to come into their offices, after which, they would drive the prospective home buyer from house to house trying to sell them on every home they’d see. “Frankly, sometimes this works, but just as often it doesn’t after all that strenuous work and effort on the client’s behalf,” Chambers declares; “Also, the prospective home buyers themselves are apt to feel pressured to perhaps even buy the wrong home for them”. The SoCal Home Blog solves that problem, providing more — and more easily accessed — information to buyers, so that the buyer is in complete control, and does not feel pressured to buy a home they may not like. Better yet, the blog also tells them how buyers can get written guarantees that they will save thousands on any home they choose!
So Cal Home Blog houses for sale along with condominiums and lofts
The SoCal Home Blog provides still other advantages as well! As Chambers goes on to point out, the real aim of the blog is to assist buyers to obtain the vital information they need about the Southern California real estate market faster and more thoroughly than previous, more conventional market resources allowed. It effectively concentrates all that information into one, easy to navigate place on the internet! There you’ll gain priority access to find all the best property bargains — helping interested buyers to find those otherwise hard-to-find opportunities, such as: Bank owned or Company owned listings, Real estate owned foreclosures or distressed properties (REO), those offered as “For Sale By Owner” (FSBO), Fixer uppers, Unlisted properties, the latest “Pocket listings” and “Off-market listings,” as well as many others that are not listed by more orthodox realty websites — or even those not to be found anywhere else on the internet!
“Southern California retains some of the most competitive real estate markets in the world,” Chambers advises, “Southern California is always the hottest real-estate market, and has been for decades,” he further asserts; “ Now, it’s the fastest growing area, given its vast resources, infrastructure, education, sources of wealth and comfortable lifestyles, with warm weather much of the year, and near easy access to both beaches and snowy mountains, with the oasis of the desert also less than an hour’s drive away!”
For those who want to invest in real estate but do not currently have the $616,900 that it costs to buy the average Los Angeles area home, the SoCal Home Blog sister site at www.RentalIncomeHomes.com helps investors to find Americas best rental income under $50K, adding that all of Southern California’s main cities and main areas within those cities will be well, represented among the blog’s regularly updated reports:
SoCal Home Blog has info on all types of homes in all neighborhoods
Sure to become among the most powerful tools the internet has to offer for web-based home search tools, “The So Cal Home Blog” can help you find the best deals, and top homes to buy, throughout the Southern California area, whether they be in Glendale, Palm-Springs, the movie colony, Lincoln Heights, Glassell Park—where ever—we’ll have you covered!” Chambers maintains, before ultimately proclaiming. “The So Cal Home Blog’ will save buyers thousands off a home’s listing price when they decide to buy a home– guaranteed in writing—that they’ll be just as certain to love just as much a year later when buying a home in some of the most popular neighborhoods in Southern California–and they’ll have more positive cash flow in the process!”
Prospective home buyers—or anyone interested in learning more about the lucrative Southern California Home Buying markets—are invited to check out The SoCal Home Blog — www.SoCalHomeBlog.com ; for more information regarding “The So Cal Home Blog”, “LA Loft Blog” or for any questions regarding your real-estate need, contact Corey Chambers at: (213) 880-9910, via e-mail at: info@socalhomeblog.com or log onto: www.GuaranteedSalesSoCal.com.
Get a free list of homes in any neighborhoods in Greater Los Angeles and all of Southern California from the SoCal Home Blog along with property details, photos and information on neighborhoods. Fill out the online form:
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Based on information from the Association of REALTORS®/Multiple Listing as of [date the AOR/MLS data was obtained] and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
*seller and Corey must agree on price and time of possession – details and conditions visit coreychambers.com
