Downtown Los Angeles hasn’t seen this much residential growth in 100 years!

Historic Lofts by Pershing SquareWe’ve have had building booms in the past, but what is happening now is unprecedented!

At this point in the last century was a prosperous era for Downtown Los Angeles, it became one of the top five largest city in the country.  Jump ahead to present and history is repeating itself, workers are putting the finishing touches on the West Coast’s tallest building. And, if it were a country, the State of California has surpassed the United Kingdom to become one of the top five economies in the world.

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Downtown Los Angeles is digesting the largest construction boom in modern times, bankrolled with an influx of international finance that’s adding legions of residences, restaurants and shopping. A much needed boom to a city core that is overly commercial and empty at the end of the work day.  A big part of this construction are much anticipated condos in a large number of projects all within walking distance of each other and the commercial and retail hot spots.  Of great interest to a growing population of condo buyers looking to stake a claim in this creative hot spot is the redevelopment are adaptive reuse projects such as converting an aging industrial and commercial spaces into new offices and residential lofts.  If you want to see awesome properties like this, fill out this easy online form:

#LA #Lofts #ArtsDistrict

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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.

Arts District Downtown Los Angeles Loft Development Boom in Full Swing

This former DTLA industrial zone is undergoing a sweeping transformation

Arts District loft
Arts District loft

Downtown LA Arts District is hosting a flock of cranes.  Every few blocks there is a construction project in the works under a construction crane bringing transformative new developments and adaptive reuses to the former industrial zone that encompasses some 50 blocks of former industrial spaces that are quickly having a rebirth into a hipster zone with pool topped decks and smart retrofitted designed loft and live work spaces.  People are flocking to the Arts District to live out their aspirations for creative expression and  to take advantage of the synergy of other innovative business  and artists looking to develop there dreams. #artsdistrict #dtla

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Projects range from single story restaurants to major towers of mixed used lofts office spaces and even a school.  On a tour of a loft space recently I was pleased to see the melding of original clear story windows and roughly patched hard wood floors with convenient modern kitchen appliances and well-appointed shower and tub combo bathrooms.

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SEARCH LOFTS FOR SALE  Affordable  |  Popular  |  Luxury  |  Sold
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arts district downtown Los Angeles real estate market
Arts District Downtown Los Angeles real estate market

Not surprisingly, many of the developments are aimed at the crowd of creative industry youths flocking to the neighborhood. At least seven of the 25 projects in the works incorporate creative office space.  Other Down Town L.A. loft and conversion projects have been announced.

 

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.