OceanWide Plaza Downtown Los Angeles Resumes While Metropolis Rises Steadily

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SPECIAL UPDATE: OceanWide Plaza has resumed construction. Details coming soon.

The L.A. Loft Blog previously reported that the tide may be going out for Oceanwide Plaza. We had received several unconfirmed reports that new luxury condominium high-rise project that recently broke ground is on hold with construction halted. The reports specified at the time that the developer or lender may be having second thoughts about the expected financial results. The developer has not released any details.

This sounds somewhat similar to what we saw just a few months ago when the owner of the Title Guarantee Building decided at the last minute to change their mind and keep renting the units instead of selling them.

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The reasons are clear.  Downtown apartment owner a making big profits from rentals and the billion dollar investor types predict that the rental dollar signs will continue to soar as many highly mobile urban professionals continue to pour into Downtown Los Angeles to lease homes while they check out the urban renaissance.

The big investors are betting billions that the influx of renters will continue, and that many renters who currently think that renting is cool will soon find themselves forced to keep renting as home prices grow faster than their ability to come up with the required down payment. The average rent in Downtown L.A. is now $2,500 per month.

Meanwhile, new luxury Downtown high-rise condo complex Metropolis construction is proceeding promptly on schedule with 7 cranes building all three phases almost simultaneously.  Get Metropolis Los Angeles listings, details and photos at www.LosAngelesMetropolis.com

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LATITUDES at Silverlake New Tri-Level Townhomes 2753 Waverly Drive, Los Angeles 90039

Silver Lake LATITUDES New Three-story Town Houses For Sale Now

Under construction in the vibrant, trendy Silver Lake neighborhood near Atwater Village, Hollywood and Downtown Los Angeles, Latitudes models are now open for viewing and for sale.

NEARBY FOR SALE   |   FOR LEASE   |  NEW LISTINGS

Latitudes Condominiums, Silver Lake, Los Angeles for Sale
Latitudes Condominiums, Silver Lake, Los Angeles

Claim your $25,000 Savings Guarantee Certificate at Save25Grand.com

Silver Lake living is yours in the comfort of today’s 3-level town homes with a special smart style. Luxuriously designed homes offer 2, 3 and 4 bedrooms, offices, spacious roof top terraces, with wide views and sizes from 1,243 to 1,910. Silver Lake Life is minutes from the excitement of Hollywood and the renewed vibrance of Downtown. Go with the new flow, visualize a new dream.

Exciting and new, unique and colorful, Latitudes is a the community where you can grow. Today, the latest styled 3-level townhomes provide 2 to 4 bedroom luxury residences with a den or office, heavenly rooftop terraces, airy balconies and attached two-car garages. The interiors are eye-catching, with the newest designer-chosen touches and features throughout, with several choices to fashion a house that’s is truly yours.

1,243 sq ft 2-bedroom, 2.5-bathroom to  1,910 sq ft 4-bedroom, 4-bathroom

Call us first to get your FREE Buyer Protection Program with $3,000 off closing costs. Details at Save25Grand.com

Get on the New Homes Interest List for information, early viewing and savings certificate. Fill out the online form:

NEARBY FOR SALE   |   FOR LEASE   |  NEW LISTINGS

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers, REALTOR®
(213) 880-9910
coreychambers@yahoo.com
http://www.laloftblog.com/

Your Referrals Help the Kids. For every referral I receive, I donate a portion to the Children’s Hospital Los Angeles. With your referrals, you are helping Children’s Hospital ensure that critical life-saving care is available to every child they treat. http://www.ReferralsHelpKids.com

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Not associated with the homeowner’s association, seller 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.

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