Lofts For Sale – For those who prefer to own their own destiny in Downtown, feel the pride and reap the rewards of home ownership, such as growing equity and return on investment in the most exciting place on earth.
On February 10, 2016, the Los Angeles City Council adopted the “HI” Hybrid Industrial Live/Work Zone Ordinance. The new rule creates a new zone classification in the City of Los Angeles called the Hybrid Industrial (HI) Zone, along with accompanying land use and development standards. The new law comes online March 30, 2016. The main purpose of this new zone classification is to allow the development of residential live-work units, hotels and other specified commercial uses on property within an existing industrial zone and designated as Hybrid Industrial in the General Plan.
The newly approved HI Zone is the first industrial zone of its kind in Los Angeles. In addition to adding an assortment of residential and commercial uses on industrial land, projects sited on land zoned as HI must provide public benefits and other development requirements, such as below-ground parking. The new rules provide development incentives in exchange for affordable housing, additional non-residential floor area, public art and public open space.
The new ordinance is not likely to create a huge impact because it requires builders to construct very expensive underground parking below historic buildings, partially defeating the purpose of re-purposing.
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It’s official — Ten50 has announced that it is now taking registration for those who wish to be among the first to see the latest luxury high-rise condominium building coming to Downtown Los Angeles.
Calling itself “One Unparalleled Address”, the anticipated project was originally scheduled to open in 2016, but now the 25-story condominium building at 1050 S. Grand Ave in South Park is under way. It is the first Downtown project from San Francisco-based Trumark Urban. The sales office is now open, and the developer has requested that buyers come in and must bring an agent on the first visit if a real estate agent is desired. To make an appointment to see the finishes and get information on all of the new condominiums under construction, as well as the free buyer protection program, call Corey Chambers at (213) 880-9910.
Ten50 Condos, South Park, Los Angeles
The 10 Fifty will deliver the first batch of new-construction condos to hit the market in years, and the tower will feature 151 one and two-bedroom residences, with amenities such as a pool deck, a full-featured gym and a video screening room. It will also be the first condominium building in the area to have an Amazon-ready drone landing pad. The $100 million project was initially conceived before the recession, but then stalled. Trumark Urban purchased the project in June 2014.
Ten50 Condos, South Park, Los Angeles
Ten Fifty promises to bring the perfect fit for your daily life with 1-bedroom, 2-bedroom and penthouse plans that are designed to be spacious and modern. The development is offering home buyers a combination of revival., reinvention., resurgence and renaissance. The builder states, “Whatever it is, it’s real.”
The developer calls it “A COOL NEW CORNER OF DOWNTOWN LA.” The new building is a quick walk to the Lakers, Kings, concert halls, movie theaters, shopping and restaurants of L.A. Live and Restaurant Row.
Located on the desirable corner of South Grand Avenue and 11th Street, TEN50 will be Downtown LA’s first luxury residences designed and built from the ground up in nearly a decade. Sales have just begun.
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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
