DTLA Historic Core Lofts Anticipate Pershing Square Redesign And Welcome Two New Playgrounds

Historic Core Play Grounds
Historic Core Play Grounds Open in Pershing Square.

 

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This has been a big week for Downtown’s Pershing Square. Part of DTLA’s Historic Core. Recently, a design competition launched to address who will ultimately overhaul the underutilized and sparingly adorned park. Its current concrete pad is really only utilized for the yearly holiday ice rink. Also, yesterday marked the opening day for a smaller but still very major alteration to the park: the addition of two playgrounds. The playgrounds are in the southern-ish part of the park, by Sixth Street, and they are pretty hard to miss, this news as reported by Curbed Los Angeles.

The new playgrounds have two areas for kids, one for children under 5 and one for children under 12 says a release from LA’s Department of Rec and Parks. The new play zones include a traditional merry-go-round, at least one slide, and so many things to climb—even a structure that looks like an enormous, scaleable spider web. The playgrounds both have that bouncy, rubberized flooring and, like the playground at Grand Park that opened last year, are surrounded by fencing.

If you’re looking to slip into DTLA’s increasingly pricey housing market, you may end up narrowing your search to Lofts. There are solid options in the Historic core of DTLA near to Pershing Square in the heart of Downtown LA.

The location is prime, not only because it’s close to public transit but because Pershing Square is poised for a major makeover that will transform it from an uninviting concrete plaza to a greener space with themed gardens and a large lawn. And, at the corner of Fifth Street and several loft buildings are in walking distance to the park and other popular destinations like Clifton’s Republic, the Last Bookstore, and Grand Central Market. #millsact

Lofts are a smart step up from a traditional apartment style condo in the same price range. Also, some historic building offer Mills Act tax advantages to owners. If you are looking for features like tall ceilings, polished concrete floors, and a contemporary kitchen have a look at our links to see what is available now. Remember, Lofts don’t come with rooms so you will have a chance to get creative when it comes to partitioning that space yourself if you want sleeping privacy from the live/work area.

#pershingsquare

Mills Act tax status is assigned to some historic buildings and is a fantastic bonus when loft shopping.  You can get free information here.  Fill out the online form.

 

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Pershing Square DTLA
Pershing Square DTLA

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.

TOP POSTS & PAGES From Mills Act, To For Sale Industrial Lofts In DTLA

See all our top ten posts below for the last week.

Mills Act Downtown Los Angeles
Mills Act Downtown Los Angeles

Here are the 10 most popular posts from this week.  Mills Act Continues to be one of our most popular topics at LA Loft Blog.  As you can see from the list we cover a variety of interests and topics about DTLA.  LA Loft Blog has a passion for all things downtown be it street fares, streetcars, or real estate.  #AltaLofts

TOP POSTS & PAGES

#millsact

To help preserve the historic buildings of Los Angeles, a tax incentive has been created by California state and local governments called the Mills Act. The special law offers homeowners of qualifying historic buildings as much as 70% or more off of their property tax bills. Owners of lofts in a historic building can potentially save thousands of dollars each year. That money can be used to help furnish your the loft home, put more money down at purchase to reduce monthly mortgage payments, trade up to a larger loft or even just put in your pocket. But, buyers should also be prepared and save some of the money for potential special assessments in the future should a building need major restoration.

Mills Act Buildings offer tax savings based on several conditions.  Get the facts for free.  Fill out the online form.

 

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alta-lofts Los-Angeles one of our most popular industrial loft buildings click to view what’s for sale.

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.