Tag: la

LA – That’s short for Los Angeles, spanish for The Angels. That should probably now be changed to The Dodgers, which would be Los Esquiveros in spanish.

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Los Angeles Metropolis Condo Prices – Special Preview of the Preliminary Price List

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

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $10,000,000
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RealtySource Inc presents
New Los Angeles Metropolis Condominium Prices
Special Preview of the Preliminary Price List

The actual price list has not yet been printed for the new super luxury Downtown highrise condos now under construction, but the L.A. Loft Blog has a special preview of the preliminary prices not yet released to the public. Monthly HOA dues are expected to be around 90 cents per sq ft. These prices are not official prices, and they are subject to change.  The smallest 526 sq ft studio is around $511,000, while the largest 1,720 sq ft 2-bedroom is about $1,576,000.  These are selling out now.  Get on the new condos interest list at https://laloft.wufoo.com/forms/metropolis-los-angeles-new-condos-interest-list/ Below are the preliminary prices:

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If the economy continues to improve, the prices are likely to go up.  Savvy buyers and investors will take advantage of the risk-free early incentives to try to lock in an expected profit with the opportunity to cancel and get a full refund if desired. This strategy is usually in the buyer’s favor as the buyer may gain significant equity before actually committing to buying the property.

The developer recently began accepting deposits, and was offering $10,000 off the list price for the refundable early deposits with no obligation to buy during the construction process.  That has apparently changed.  A broker certificate for $2,000 off buyer closing costs is available from RealtySource Inc for qualified VIP buyers.

Find out more by requesting more information. Fill out the online form:

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Home Seller Alert!!
What Will Your Home Sell For? Free Quick Over the Net Home Evaluation www.LAcondoEval.com
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Copyright © 2014 This free information provided courtesy Corey Chambers, Realtor, RealtySource Inc BRE#01889449 We are not associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LosAngelesMetropolis.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.  Not affiliated with the developer or seller. Certificate for savings of $2,000 off closing costs is offered to Corey Chambers VIP buyer program members only.  VIP buyer program costs nothing to the buyer, and there is no obligation to buy.

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Garey Building Apartments Comes to Downtown Los Angeles Arts District

Garey Building Apartments
Downtown Los Angeles Arts District
905 E 2nd Street, Los Angeles, CA 90012

Now it’s back on track and moving forward.

A group of of developers and financiers announced that construction has begun on a two-building, 320-unit project at 905 E. Second St. Demolition of two vacant warehouses on the 2.9-acre site has been completed.

The project arrives as a joint venture between toy manufacturer and wholesaler MegaToys, owned by longtime Downtown leader and landowner Charlie Woo, real estate company Lowe Enterprises and private investors advised by J.P. Morgan Asset Management.

A similar condominium project on the property received city approvals in 2009, but was delayed because of a sagging economy and a shift of focus to apartments instead of condos.

Woo renewed talks for the project with Lowe Enterprises a couple years ago, according to the company’s Senior Vice President Tom Wulf. That coincided with MegaToys’ move out of the warehouses — which Woo has owned for more than 20 years — as the company relocated its distribution operations to the City of Commerce.

Although Woo had envisioned a larger, denser condo development for the property, he says that a smaller mixed-use plan made more financial sense to the investors who are backing the project.

“If I did it all myself, it might’ve been a condo. That was my gut instinct about what I wanted to do. But we had to be realistic about the market conditions and what financing was available,” Woo told the Downtown News. “There was a lot of internal debate, but we’re proud of the current plan.”

The project will be composed of two five-story apartment buildings flanking Gary Street. That street will be developed into a 15,000 sq ft pedestrian plaza with space for retail outlets and restaurants. Altogether, the project is slated to cost between $90 and $100 million dollars, according to Wulf. The new project moves forward as a surge of construction has occurred in the Arts District.

The project, being designed by Togawa Smith Martin Architects, features a primarily brick facade with balconies and other articulations to give it an industrial look. The buildings will be constructed to LEED certification standards.

Units will range from studios to two-bedroom apartments with an average size of 728 square feet. Construction is slated for completion in the third quarter of 2015.

For more info, fill out the online form:

DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO
The Garey Building
Corey Chambers, REALTOR®
213-880-9910
corey@laloft.org
http://www.LAloftBlog.com
Realty Source Inc.  DRE#01889449