Tag: new

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More New Condos in Downtown Los Angeles

The L.A. Loft Blog presents an update on the new condos under development in the Downtown Los Angeles area:

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River House LA with balconies facing the river LARiverLofts.com

River House LA – RiverHouse.com – Elysian Valley AKA Frog Town is the strip of neighborhood north of Elysian Park between Lincoln Heights and Silverlake. River House is a new condominium complex under construction facing the newly revitalized portion of the Los Angeles River. The sales office is expected to open within a couple months.

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oceanwide-plaza-fly-throughOceanWide Plaza – OceanWideDTLA.com – Currently with construction on hold for an unknown reason, OceanWide DTLA is a mixed-use condominium tower and shopping center complex being built right between L.A. Live and Flower Street Lofts.

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metropolis02Metropolis – LosAngelesMetropolis.com – Changing the skyline of Downtown L.A., Metropolis is a new luxury condominium and hotel complex that is making rapid progress with 7 cranes running nearly round the clock.

 

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [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

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Ten50 – LATen50.com – The newest announcement, this new condo complex will sport Downtown’s first Amazon-ready drone package delivery helipad, and is already taking reservations in just a few weeks.

More New Condos – Get on the New Lofts Interest List. Fill out the online form:

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OceanWide Plaza Downtown Los Angeles Resumes While Metropolis Rises Steadily

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SPECIAL UPDATE: OceanWide Plaza has resumed construction. Details coming soon.

The L.A. Loft Blog previously reported that the tide may be going out for Oceanwide Plaza. We had received several unconfirmed reports that new luxury condominium high-rise project that recently broke ground is on hold with construction halted. The reports specified at the time that the developer or lender may be having second thoughts about the expected financial results. The developer has not released any details.

This sounds somewhat similar to what we saw just a few months ago when the owner of the Title Guarantee Building decided at the last minute to change their mind and keep renting the units instead of selling them.

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The reasons are clear.  Downtown apartment owner a making big profits from rentals and the billion dollar investor types predict that the rental dollar signs will continue to soar as many highly mobile urban professionals continue to pour into Downtown Los Angeles to lease homes while they check out the urban renaissance.

The big investors are betting billions that the influx of renters will continue, and that many renters who currently think that renting is cool will soon find themselves forced to keep renting as home prices grow faster than their ability to come up with the required down payment. The average rent in Downtown L.A. is now $2,500 per month.

Meanwhile, new luxury Downtown high-rise condo complex Metropolis construction is proceeding promptly on schedule with 7 cranes building all three phases almost simultaneously.  Get Metropolis Los Angeles listings, details and photos at www.LosAngelesMetropolis.com

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

button        button (1)        

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

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