05-16-11

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SPECIAL DOWNTOWN DOWNTOWN LOS ANGELES

NEWS

Boutique building – only 35 Units, 7-units per floor, units are light and airy

“Real” loft, not “soft” loft (high ceilings, floor-to-ceiling windows, exposed brick in some units)

Large units, up to 1800sf available

Low HOA Dues including parking with every unit, developer has “pre-funded” HOA at $125,000

For extra $100/mo, owners can “opt-in” to services next door at Pacific Electric Lofts, Including roof-top pool, sun deck, dog-run, conference room and gym!

All appliances included in purchase price Located in the heart of the Historic Core

Main St. is a wide, one-way street with less traffic and no buildings directly across the street 35 Re-Imagined “Live/Work” Residences Now Offered for Sale • •

of downtown Los Angeles, The Mercantile Lofts

are home to 35 re-imagined “live/ work” residences.

These are “true”District” lofts, featuring 13-ft Edge of the “Historic Core”, away from the chaos of the “Fashion yetceilings, close to everything

For more information, see our ad on page 22.

floor-to-ceiling windows, and a floor-plan

DEVELOPMENT

to suit any need, from 600sf – 1800sf*. With low HOA dues, including on-site parking, Mercantile offers some of the most flexible space, location

and amenities available. Showroom hourS Friday 2-6 PM, Sat/Sun 12-5 PM and by appointment Boutique building – only 35 Units, 7-units per floor, units are light and airy

ISSUE: 9-25

• •

“Real” loft, not “soft” loft (high ceilings, floor-to-ceiling windows, exposed brick in some units)

Large units, up to 1800sf available

310.888.3729 Units from the High $200,000’s Located in the heart of the Historic Core

Low HOA Dues including parking with every unit, developer has “pre-funded” HOA at $125,000

For extra $100/mo, owners can “opt-in” to services next door at Pacific Electric Lofts, Including roof-top pool, sun deck, dog-run, conference room and gym!

Los TheW Mercantile Reichling W W W . D O W N Tof downtown OJoeW NAngeles, N| 323.395.9084 E S .Lofts C OKeRRy MMaRsico | 213.700.6515

May 16, 2011

Volume 40, Number 20

joe.reichling@sothebyshomes.com are home to 35 re-imagined “live/ work” residences.

Back From the Dead

All appliances included in purchase price

Main St. is a wide, one-way street with less traffic and no buildings directly across the street

Edge of the “Historic Core”, away from the chaos of the “Fashion District” yet close to everything

kerry@thedowntownmls.com

Showroom hourS Friday 2-6 PM, Sat/Sun 12-5 PM and by appointment

These are “true” lofts, featuring 13-ft ceilings,

INSIDE

floor-to-ceiling windows, and a floor-plan

to suit any need, from 600sf – 1800sf*. With low

310.888.3729 Units from the High $200,000’s

Joe Reichling | 323.395.9084 joe.reichling@sothebyshomes.com

KeRRy MaRsico | 213.700.6515 kerry@thedowntownmls.com

HOA dues, including on-site parking, Mercantile offers some of the most flexible space, location and amenities available.

Revival of Seven Stalled Downtown Projects Gives Some Hope, But Others Say Don’t Call it a Comeback Urban Scrawl on the Lakers’ demise.

4

Boutique building – only 35 Units, 7-units per floor, units are light and airy

“Real” loft, not “soft” loft (high ceilings, floor-to-ceiling windows, exposed brick in some units)

Large units, up to 1800sf available

Low HOA Dues including parking with every unit, developer has “pre-funded” HOA at $125,000

For extra $100/mo, owners can “opt-in” to services next door at Pacific Electric Lofts, Including roof-top pool, sun deck, dog-run, conference room and gym!

All appliances included in purchase price

Main St. is a wide, one-way street with less traffic and no buildings directly across the street

Edge of the “Historic Core”, away from the chaos of the “Fashion District” yet close to everything

Showroom hourS Friday 2-6 PM, Sat/Sun 12-5 PM and by appointment

310.888.3729 Units from the High $200,000’s

Joe Reichling | 323.395.9084 joe.reichling@sothebyshomes.com

Will Rick Caruso run for mayor?

KeRRy MaRsico | 213.700.6515 kerry@thedowntownmls.com

5

Opening a Downtown time capsule.

8

photo by Gary Leonard

Developers Yuval Bar-Zemer (left) and Leonard Hill at the former 2121 Lofts. Their firm Linear City recently acquired the project, now known as Seven and Bridge, and is finishing it. It is one of seven stalled Downtown developments that have been reactivated. by Ryan VaillancouRt staff wRiteR

A

t first glance, the recent construction work on the Gallery Lofts in the Arts District seems fairly inconsequential. San Diegobased Pacifica Companies last year purchased the relatively small, stalled project previously known as Hewitt Street Lofts and began finishing the development.

Residential living in Downtown.

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Chinatown, construction crews are working and residents are being wooed. “We like projects like Hewitt Street Lofts, where no one’s really sure exactly what the status is with the courts, with how much work needs to be done,” said Scott Russell, director of development for Pacifica, which is making its first investment in Downtown. “Groups like ours get in and roll up see Housing, page 26

So a Rabbi, a Priest and a Nun Walk Up to a Bike…

A Little Tokyo dance battle.

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31 CALENDAR LISTINGS

Annual Blessing of Local Cyclists Returns to Good Samaritan Hospital by RichaRd Guzmán

32 MAP

city editoR

33 CLASSIFIEDS

ers Cho ead ice R

DO

Sales for the 33 condominiums at 120-130 S. Hewitt St. began last month. Prices start in the high $300,000s. What makes the project worth a closer look is that it is not alone. In recent months, seven Downtown Los Angeles developments that were derailed by the recession have come back from the dead. From housing projects in the Arts District to a major mixed-use effort in

NEWS

BEST of DOWNTOWN

W

hat do a priest, a nun and a rabbi have in common? Well, in addition to busy church and temple weekends, the answer is some serious blessing skills. Those skills will be on display on Tuesday, May 17, for one of Downtown’s most unique

events. At 8 a.m., the religious leaders and hundreds of cyclists will roll up to Good Samaritan Hospital in City West for the eighth annual Blessing of the Bicycles. The event was started in 2004 by avid cyclist and hospital President and CEO Andy Leeka to raise awareness of bike riders and to encourage safety. It also seeks to provide see Bikes, page 30

photo by Gary Leonard

Hundreds of bicycles and their riders will be blessed at Good Samaritan Hospital on May 17. The Blessing of the Bicycles began in 2004.

The Best is Here!

It’s tIme to vote! see page 6 for a lIst of categorIes & nomInees.


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