Elon Musk’s Hyperloop Comes to Downtown Los Angeles

Company developing Elon Musk’s Hyperloop is setting up shop in an Arts District warehouse in Downtown L.A.

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The Hyperloop, an idea developed by technology oracle Elon Musk, will transport passengers in capsules through a pneumatic tube at more than 700 miles per hour.

hyperloop-dtla-ccThe Los Angeles Times recently reported that Hyperloop Technologies, a company involved with the supersonic transportation plan, has leased warehouse space, and is now quickly hiring new engineers, technicians and other staff at the 6,500 sq ft Downtown industrial space. The company has also contracted for an additional 32,000 sq ft of space in the Arts District neighborhood.

Given as a free intellectual property gift to the public by Musk in 2013, the Hyperloop has attracted experts in technology and finance, raising around $29 million so far. The train of the future will implement a combination of vacuum tubes, rail gun and air skids to shoot passengers and freight at speeds of 750 mph, zooming from Los Angeles to San Francisco in 3o minutes.

stumptown-coffee-artsLocated at the South-east edge of Downtown’s Arts District by the Los Angeles River and railroad tracks, Hyperloop has chosen a nondescript industrial building to work out of, but the gentrifying Arts District neighborhood has become a hotspot of creative types, and now boasts an assortment of trendy, new restaurants and stores, including a Stumptown Coffee roastery, the Greenbar Craft Distillery liquor company, Bestia and Factory Kitchen restaurants and the artsy bar Villains Tavern.

Get a free list of lofts and apartments in the Arts District. Fill out the online form:

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Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.

New Apartments Join Old Historic Core Buildings – More Condos to Be Rented Instead of Sold

525-springReplacing what is now a parking lot between the Spring Arcade building and the Alexandria Hotel, a new building is being designed with modern style that includes wavy white architecture and balconies.  Its aesthetic is very different from the historic buildings that will sandwich it.

The LA Downtown News recently reported that Australia-based developer Joseph Hellen has spruced up his plan for a 40-story apartment tower with a proposal to renovate and activate three small Broadway theaters.

Across the street are the Security Building lofts and SB Spring lofts for lease.

Spring Arcade During Renovation

The proposed new building will be designed as a condo, but will be leased, as has been the trend for most recent residential developments in Downtown.

Get a free list of Historic Core loft rentals.

Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $10,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Copyright © 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.