The Financial District contains some of the city’s tallest skyscrapers, and other significant destinations and buildings, including Los Angeles Public Library, MCI Center, Aon Center, City National Bank Plaza, Figueroa at Wilshire, Citigroup Center, 611 Place, 7+Fig Shopping Center and the Millennium Biltmore Hotel. The Financial District is also home to the 7th St/Metro Center station, which is served by the Metro Rail Red Line and Blue Line.
Over the past couple of decades, the neighborhood has undergone a major revival, thanks in part to the introduction of the Adaptive Reuse Ordinance in 1999. First targeted at downtown Los Angeles, and extended to other areas in the city in 2003, the ordinance made it easier, cheaper and faster for “older and historic” commercial buildings to be converted into lofts and apartments.
It resulted in the creation of thousands of housing units in downtown and a rush of people moving back to the area. In 2008 DTLA had a population of 34,811. In 2013 estimates put the residential population at 58,000 along with 500,000 jobs. Downtown is not just coming back, it has set a whole new paradigm.
Check out Apartment 801 for sale now. Price Reduction! Perfect location in downtown! This stylish 8th-floor loft is in the heart of downtown LA’s financial district. Floor to ceiling windows. 655 Hope amenities include a 24-hour doorman, onsite Fitness Center, a rooftop entertainment area complete with a kitchen, BBQ, and wet bar. The home includes a storage unit in the basement and a washer/dryer in-unit. A perfect loft to live in the city at one of the best locations. 655 Hope is the right building in the perfect location in Downtown Los Angeles.
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
