Water, the symbol of life, attracts civilization — except when it is storming and flooding. That’s why the once green Los Angeles River was paved over as a make-work project in the 1930s. While water features usually increase property values, the monstrous concrete eye-sore caused real estate to literally turn it’s head. Homes that would normally face the water were built to face away from the ugly scene. Eighty-five years later, this is now finally changing as the L.A. River goes green again with trees, fish and waterfowl, leading to new homes being built with river views. #lariver #newhomes #dtla
LA Curbed recently reported on the plan to ecologically restore an 11-mile section of the Los Angeles River. Eighteen projects are currently under way, including parks, bridges, houses, condominiums and lofts. Several new developments of houses and condos have already completed construction along the river near Glassell Park, Elysian Valley, Frogtown and Downtown LA.
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New Apartments Los Angeles Riverfront Creative Campus Coming to Elysian Valley
The new development will re-use two existing riverfront buildings and re-develop a vacant lot that was used as a bulldozer storage yard. It will also construct a 3-story mixed-use building with 40 live-work units arranged in a U shape around a landscaped central courtyard; eight of the units will be reserved for low-income households. About 8,000 to 15,000 square feet of commercial space will be on the ground floor.
The new construction will be set back between 60 and 90 feet from the River and will feature 33 studios and seven 3-bedroom units . #apartments #evrcc
Developed by Terra River LLC, the Elysian Valley Riverfront Creative Campus seeks to “create meaningful connections to the Los Angeles River”. The 40,000-square foot building also has eight low-income units. Tax credits have enabled Terra River to offer discounted rents for non-profits, and river or community businesses.
Building height is expected to reach to 56 feet. The development will have underground parking, three stories of studio units (about 700 square feet), and three-bedroom units (around 1,100 square feet).
It also plans to eventually lower or remove the seven-foot concrete wall that separates the property from the Los Angeles river and open up the existing 1947 bow-truss building to the Los Angeles River bike path, so people can move freely from the path into the development. “This building is really just like a tent, supported by poles. We can open up this whole structure to allow the Los Angeles River through,” explains de Forest.
Terra River is also working on a street-end park concept on Allesandro Street, which they hope would soften the transition between the development and the river. Landscaping also plays a large role in the project. In site plans, seating areas can be found alongside riparian landscaping. De Forest also says that a storm water recycling system with a giant cistern at the basement would be implemented at the project, which would help capture, treat and re-use the water instead of allowing urban runoff to flow through pipes and onto the river, which is what the current neighborhood infrastructure does.
The River Campus is now under construction. It is not known exactly how lofty the live/work units will be, whether all of the residential units will be new construction, or if any of them will occupy the re-used existing structures. Currently, it appears as thought the units will soon be available as new apartments for lease and not for sale.
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Real Estate News Downtown Los Angeles and Nearby Communities
The new condos on the LA River are now more than 50% sold. #lariver #newhomes
There are 3 units remaining under $500,000 and 2 of those are facing the river near Downtown Los Angeles. Get on the New Homes Interest List or see how to compare new home purchase to resale at www.NewHomesLA.com.
The two new condo units priced at around $499,000 are expected to be sold quickly, likely within the next week or two. Over 50% sold means that the project is a success and the buyer can use nearly any lender because the home loan mortgage companies now recognize that the development is not likely to fail, and there is little or risk involved now that the condos have achieved triumphant progress.
Across the river, the other new development, single family homes and duplex houses on the north side of the Los Angeles River have sold out the first phase. The model home is now for sale, and the newest phase is expected to start selling sparkling newly built houses in the next few months with prices starting in the high $600,000s.
In addition to the relatively small number of traditional new condos and houses, the bulk of new homes in the area are the thousands of new construction high-rise condominium units for sale in the tower buildings that are popping up in Downtown’s newer South Park district.
The L.A. Loft Blog recently reported that some of the highrise buildings are uniquely positioned, while others are at risk as they may represent a potential glut due to the large number of cookie-cutter new-highrise developments with large numbers of units that the builders will need to try to sell in order to be profitable. Some modern condo owners such as those at nearby Evo, Luma and Elleven buildings have already started to panic, causing a softening of South Park modern loft prices, due to the coming throngs of brand new condo units for sale in the South Park district neighborhood of Downtown Los Angeles.
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It’s hard to believe that it’s finally happening in Los Angeles — Facing the water, new homes are coming up for sale in Elysian Valley (otherwise known as Frogtown), and appointments are now being scheduled to show the new condos available for purchase. See the best new condominium units and the best deals in person starting next week.
Near Dodger Stadium, Elysian Park, bike paths, fishing, kayaking, trees and waterfowl, the new development is also convenient to Downtown Los Angeles. Take a look.
Those with a pioneering spirit are eager to become one of the first to own a home on the L.A. River so that they may witness its revitalization first hand while enjoying outdoor space surrounded by the outdoor lifestyle hidden in the middle of Los Angeles.
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Real Estate News – New Condominiums to Open For Sale Soon
The L.A. Loft Blog is not affiliated with River House
New information has been released with details on the new River House condos now completing construction on the Los Angele River in the Elysian Valley, also known as Frog Town.
It is described as an eclectic collection of 56 stylish townhomes and flats (so far, see nothing eclectic, townhome-like nor flat-like as the construction continues to look more like a common, albeit new, apartment-style condo complex). We certainly agree that River House offers the chance to be part of history in the making as the residents will be among the first to witness first hand the revitalization of the LA River. The Los Angeles River is in the preliminary planning stages of a possible $25 billion facelift.
Just steps away from a popular new bicycle path and kayaking area of the river, the new condominiums are also next to the large, new Marsh Park.
The community will feature contemporary industrial inspired exterior finishes with metal siding accents and custom designed ornamental iron; outdoor fireplace at deck level complemented with several seating and gathering areas; landscaping at the deck level in self-watering pots, water-conscious landscaping and natural surfaces at ground level areas; landscape features, barbeques and an outdoor fireplace; water feature at the ground level area along the river; energy-efficient lighting throughout the common areas; shade sails in the courtyard; gated underground parking garage; EV electric vehicle charging stations; guest parking and state-of-the-art entry access system.
The residential units will include central heating & air with state-of-the-art thermostat control unit; low E dual-glazed windows; Cat5 e and RG6 communications package structured to accommodate service by Time Warner and Direct TV; spacious 9 foot ceilings; extensive use of energy-saving LED lighting throughout; ceiling fans with lights in all bedrooms; contemporary industrial style accent lighting in kitchen and bath; humidistat-controlled bath ventilation; designer-selected paint throughout; contemporary square-nose drywall corners; light orange peel finish on the walls with a light knockdown texture on the ceiling; contemporary slab-style front door; Masonite West End Collection interior doors; engineered wood, tile and carpet flooring per plan; decorative 2-inch horizontal blinds throughout; walk-in closets in bedrooms per plan; smoke and carbon monoxide detectors with battery back-up.
With construction nearing completion, the gourmet kitchens will be equipped with stainless steel Whirlpool kitchen appliance package that include: Energy Star® qualified counter-depth french door refrigerator; Energy Star® qualified dishwasher; free-standing self-cleaning gas range; combination microwave and exhaust hood vented to the outside; roll-out two-bin trash and recycling component; quartz countertops finished with polished 1-½ inch mitered-edge, 6-inch backsplash and stainless steel undermount sink. >> MORE
Master bathrooms come complete with European-style cabinetry, quartz bath vanity finished with undermount sink, mitered edge and 4-inch backsplash, glass shower enclosure per plan; framed mirrors; Delta® ARA™ faucets and shower/tub fixtures; full porcelain tile shower stall with shampoo shelf; porcelain tile floor throughout.
The powder rooms include European-style cabinetry; quartz vanity countertop with undermount sink, mitered edge and 4” backsplash; and porcelain tile floor.
The secondary bathrooms have European-style cabinetry; quartz vanity countertop with undermount sink, mitered edge and 4” backsplash; porcelain tile tub/shower surround and tile floor.
The laundry option includes a GE® Energy Star® qualified frontload washer and a GE® Super capacity frontload gas dryer.
KCET has more details about the improvement of the LA River.
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A resident of Alta lofts recently ran into some kids rehearsing in the park while walking his dog. The youths told the local resident about a free performance art community event that’s coming up there in the new Ed Reyes Greenway Park.
2-Bedroom 1 Bathroom House Duplex Upstairs Unit For Lease
Cypress Park near LA River Center and Lincoln Heights Metro 555 W Avenue 26 Los Angeles, CA 90065
ALREADY LEASED – Newly renovated in nice neighborhood with treetop view of Elysian Park — All tile floors in this all-upstairs unit in an historic Victorian duplex house with newly remodeled extended kitchen, new appliances, new bathroom with shower, den (or 3rd bedroom) and walk-in closet. Window A/C, heat. 800 sq ft. Walk to Los Angeles River Center, Lincoln Heights Metro Station, Coin Laundry, Elysian Park, 110 Freeway, 5 Freeway, Dodger Stadium, Downtown, Silver Lake, Glendale. $1,700 / month. THIS UNIT HAS ALREADY BEEN LEASED.
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