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
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.
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.
Save on property taxes by owning a Mills Act historic building loft condominiums. Get Mills Act properties free list and information in your email. Fill out the online form:
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,
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!
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!
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:
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: email@example.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:
For something as important and as expensive as Downtown Los Angeles real estate, it really pays to learn and see what others are doing who are in the know. Today, we will reveal what all of the readers of the LA Loft Blog are doing, looking at and thinking about as they begin their journey in to Downtown LA condos and apartments. #lofts #sold
Here is the top 10 list for this week of the most popular topics of the LA Loft Blog:
1015 Figueroa Terrace, Los Angeles, CA 90012
DOWNTOWN LA NEW HOMES FOR SALE #theterrace #1015figueroaterrace
REAL ESTATE NEWS
Downtown Los Angeles (March 28, 2017) — To really enjoy all that the big city has to offer, there should be no need to sacrifice comfort, convenience, lifestyle, nature or privacy. Finally, all of those indispensable elements come together for the first time as the area’s newest residences are under construction nestled on the hill between Downtown, Elysian Park, Chinatown and Echo Park.
The Terrace Los Angeles new development is now under construction above Downtown L.A. with views of the skyline and Dodger Stadium in Elysian Park. The developers promise to soon deliver the homes situated high above DTLA, a new gated community that “awakens the senses and inspires movement throughout your day.” Featuring 45, 3-Story townhomes each with stunning views, chic interiors and easy access to work and play, The Terrace is “guaranteed to change on how you live LA,” according to the builder.
OWN A BETTER VIEW AT THE TERRACE
The developer is expected to begin scheduling showings of the new build homes in the coming months. 45 modern town homes from the mid $700,000’s with smart 1,700 sq ft floor plans, master walk-in, built-out closets, modern fixtures and finishes, Bosch appliances, private balconies and patios, spacious 3-bedrooms, 2.5 baths, DTLA and Dodger Stadium Views, pet-friendly community. The development was once thought to include private 2-car garages for each unit, but it looks as though it is actually just a gated community garage. The older condo townhomes at the condo complex next door each have private 2-car garages. Get on the interest list for all of the upcoming new details.
A Better Way of Life?
Taking a look at the construction site, it looks like some units will get the lion’s share of light and views while others will be relatively dark and viewless. Beat out other buyers to the best deals. Get priority access and privileged information on The Terrace and other Downtown developments. Get on the new homes interest list. Fill out the online form:
Real Estate News Downtown Los Angeles and Nearby Communities
The new condos on the LA River are now more than 50% sold. #lariver #newhomes
There are 3 units remaining under $500,000 and 2 of those are facing the river near Downtown Los Angeles. Get on the New Homes Interest List or see how to compare new home purchase to resale at www.NewHomesLA.com.
The two new condo units priced at around $499,000 are expected to be sold quickly, likely within the next week or two. Over 50% sold means that the project is a success and the buyer can use nearly any lender because the home loan mortgage companies now recognize that the development is not likely to fail, and there is little or risk involved now that the condos have achieved triumphant progress.
Across the river, the other new development, single family homes and duplex houses on the north side of the Los Angeles River have sold out the first phase. The model home is now for sale, and the newest phase is expected to start selling sparkling newly built houses in the next few months with prices starting in the high $600,000s.
In addition to the relatively small number of traditional new condos and houses, the bulk of new homes in the area are the thousands of new construction high-rise condominium units for sale in the tower buildings that are popping up in Downtown’s newer South Park district.
The L.A. Loft Blog recently reported that some of the highrise buildings are uniquely positioned, while others are at risk as they may represent a potential glut due to the large number of cookie-cutter new-highrise developments with large numbers of units that the builders will need to try to sell in order to be profitable. Some modern condo owners such as those at nearby Evo, Luma and Elleven buildings have already started to panic, causing a softening of South Park modern loft prices, due to the coming throngs of brand new condo units for sale in the South Park district neighborhood of Downtown Los Angeles.
Get a list and priority access to new homes under construction, along with new build homes that are ready for move-in. Fill out the online form:
With the new construction of huge shiny, super luxury high-rise condominium towers Metropolis, Ten50, OceanWide Plaza and 1133 Hope St, one begins to wonder if Downtown Los Angeles is headed for a high-rise condo glut. #1212flower #southpark
When two huge towers are added onto that at 1212 Flower St., the risk of an upper class housing overage becomes palpable. Let’s explore the need and merits of the new build before jumping to any conclusions. Here’s this week’s real estate news:
One block east of Staples Center and the L.A. Live complex, Onni kicked off construction in October for 1212 Flower Street, a two-tower residential development.
The mixed-use complex replaces the parking lot of a mid-century style office building. The coming new luxury condominium towers shall rise to 40 and 31 stories, and will bring to Downtown LA a whopping 730 residential condo units for sale, along with a modest 8,000 square feet of ground-level retail space.
As with the tower at 820 Olive Street, 1212 Flower is being designed by Chris Dikeakos.
2 Tower DTLA Development Under Construction
The Pico Metro Station now will be sandwiched between high-rises. Metro might need to really upgrade that little station next door. A parking lot near Pico Station is making way for the future residential / retail complex. | NEW HOMES INTEREST LIST
After a recent ground breaking ceremony for its neighboring 1133 S Hope St., the newest Downtown development has begun preparing for construction.
Canadian real estate developer Onni Group has set up the construction zone fencing around the surface parking lot at 1212 Flower Street. The one and a half acre site, next to Pico Station, is scheduled to soon support two of highrise luxury tower condominium buildings that will be one of Downtown’s largest residential buildings full of sparkling new homes for sale. The buildings will contain parking accommodations for up to 830 cars.
Documents filed with the L.A. Department of Planning indicate that the towers that shall be some of the tallest residential skyscrapers in the area. The glass and steel structures have been designed by Canadian Chris Dikeakos Architects of Vancouver, British Columbia.
The property is already home to a 70,000-square-foot office building, which will not be torn down because the 1960s 5-story structure has recently benefitted from several substantial renovations and upgrades, such as a new gymnasium in the basement.
1212 Flower is not the first big construction project done by Onni in the Downtown area. After Level DTLA and 820 S. Olive Street, the company has also purchased the historic Los Angeles Times Building. Onni is expected to tear down part of the Times Building to make way for the construction of a multi-family residential complex. It is not yet known if the Times Building will turn into the “Times Lofts” condos for sale or “Times Apartments” for lease.
The Flower Street project is being heaped on top of an exploding number of new towers that are replacing parking lots all around block across from the east side of the Staples Center. The upcoming new towering Circa apartments and Oceanwide Plaza mixed-use condo / hotel / shopping center developments are among the most spectacular, sprawling and imposing of the bunch.
Get priority access to see the new 1212 Flower Street condominiums for sale and receive new homes photos, descriptions in your email. Fill out the online form:
12th Street is going to be a very busy place. The area is already starting to feel a little different, and Hope St. is going to look very cool in about 2 years. #newhomes #dtla
1133 S. Hope Street new condo development originally by Shanghai Construction Group America is currently under construction at 1133 South Hope Street, Los Angeles. The development has a total of 200 units. See 1133Hope.com
About a month after a construction zone fence encircled a parking lot at 1133 S. Hope Street, it looks like construction is now really starting for South Park’s newest mixed-use luxury highrise condo tower tentatively referred to as 1133 Hope.
Construction crews are now digging up the old parking lot asphalt from the .65-acre lot property, which will give way to a sparkling new upcoming 28-story tower of 200 condo units atop 5,000 sq ft of street-front retail space and its own parking garage.
Virtual photos from Chris Dikeakos Architects depict a modern coming 330-foot tower building that looks a lot like Onni Group’s 1212 Flower Street project that is already under construction about a block south.
The project is now being developed by Fulton Street Ventures, the American affiliate of Chinese real estate company R&F Properties. The property was originally connected by Canadian developer Amacon.
Get 1133 S Hope St new homes info, pricing, availability and priority viewing by getting on the interest list. Fill out the online form:
One of the most frequent questions to the L.A. Loft Blog is: “What is happening with the real estate market in Downtown L.A.?” #justlisted #newhomes
The best way to answer that is that Downtown is experiencing a normal market. Normal for Downtown is exceptional growth. Prices are going up about 6% per year, which is normal for a transformational neighborhood that is receiving billions of dollars per year in new infrastructure, businesses, residences, shopping, restaurants, entertainment and transportation. While the LA Loft Blog has helped thousands of buyers, sellers, renters and landlords to prevent many common mistakes, many continue to make the same mistakes: Using out-of-area agents; and failing to take prompt, informed action. Since 2003, Downtown LA has been ahead of the curve. Previously known for its large homeless population and former blight, Downtown is now among the world’s greatest boom towns. Most have no idea that DTLA has generated more than 500,000 jobs. Nearly 100% of new residents, businesses and investors who make wise choices with the aid of local experts are pleasantly surprised by their outstanding results and windfall of wealth. By paying attention to this one very important principle, one can avoid the number one mistake in Downtown real estate: DO NOT UNDER-ESTIMATE DOWNTOWN LOS ANGELES.
Some exciting new luxury townhouse style homes are now under construction by the Downtown Los Angeles area. With Downtown views and park views, each town home has its own private garage and a private rooftop deck. Get details and request an early viewing of this and other exciting new homes. Fill out the online form:
Top 10 Downtown LA Loft Home Search Topics #top10 #dtla
The hundreds of thousands of readers of the LA Loft Blog are the most valuable resource for information, news and insight into what is really happening in DTLA real estate. While the LA Loft Blog is the authority on urban residential real estate, we get our power and influence from our connections with the buyers, sellers, renters and landlords of Downtown L.A.
The real value of the L.A. Loft Blog comes from the knowledge, experience and thoughtfulness of our readers in their pursuit of lofts for lease, homes for sale, condominiums, houses with character, along with renters and buyers of these amazing abodes. Here is the week’s list of the Top 10 topics of search that shows exactly what is on the minds of the the most amazing people on Earth, the readers of the L.A. Loft Blog:
It’s fun to walk around Downtown Los Angeles, especially when one can pop right in to see the lofts and condominiums for sale. #openhouse #downtownlosangeles
Take a gander at the amazing architecture of the buildings, the walkable locations and open floor plans of the live/work historic and industrial lofts. Some of them have ultra high ceilings and 2-story lofts with mezzanine bed areas. Many have lots of windows and natural light, and some are decked out in the latest hip, chic style of furniture and decor. Stroll on in and take a look. Here are this week’s open house homes for sale in DTLA:
Prospective Downtowners on a home search should never forget about the amazing deals on unlisted lofts, pocket listings and off-market properties in Downtown LA. Get a list of all open house homes for sale just listed in the Downtown L.A. area. Fill out the online form: