Elysian Valley Riverfront Creative Campus – New Apartment Homes For Lease on the LA River

New Apartments Los Angeles Riverfront Creative Campus Coming to Elysian Valley

Elysian Valley Creative Campus
Elysian Valley Riverfront Creative Campus on the Los Angeles River

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.

Get a list of new construction condominiums for sale in Frog Town Elysian Valley. Fill out the online form:

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Frogtown New Construction on the LA River
Frogtown New Construction on the LA River

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.

New Homes For Sale Los Angeles and Downtown – Update: Condos by L.A. River More Than 50% Sold

Real Estate News Downtown Los Angeles and Nearby Communities

The new condos on the LA River are now more than 50% sold.   #lariver #newhomes

New Homes For Sale Los Angeles River Condos
New Homes For Sale Los Angeles River Condos – More than 50% Sold

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.

Homes For Sale Los Angeles River
Homes For Sale Los Angeles River – Moving In

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.

River Single Family Homes Los Angeles
New single family homes and duplex houses by the Los Angeles River. Phase 1 Sold Out.

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.

OceanWide Plaza, Circa and other new highrise residences Downtown LA
New highrise residences Downtown LA

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.

Get a list and priority access to new homes under construction, along with new build homes that are ready for move-in. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

New Homes Los Angeles River For Sale
New Homes Los Angeles River – Officially Successful Condominiums 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.