DOWNTOWN LUXURY BOOM
Recently we had the pleasure of listing a large corner
loft unit in the iconic Eastern Columbia Building. Since
the opening of the Ace Hotel, the Historic Core continues to get luxury upgrades, such as high end fashion retailers, the Broadway Trade Center revamp, the
opening of the Historic Globe Theater and even more
new announcements are on the way. The owner of Loft
#1003 at 849 South Broadway contacted Shelby Wood
Design to help her stylize her loft in order to find a great
new tenant who would most likely choose Beverly Hills
to call home. With the help of her design team Jennifer Giersbrook and Andrew Henbest, Shelby Wood
created an extraordinary living space. The high quality of Shelby’s furniture (featured on this month’s cover)
allowed our team at LA LOFTS | Realty ® to lease the
loft within a week and several applicants were fighting
for it.
Spring Street is now set to see new luxury condominiums breaking ground very soon, including a 40 story
high-rise residential tower located between 5th and
6th streets that will be giving Gallery Row a new look.
This project will definitely create a new era for the most
densely populated neighborhood of Downtown LA
with more than 20,000 residents, new bars, restaurants
and art spaces. When the South Park district is getting
several new high end condos that are hitting prices at
more than $1,500 per square foot, we are not far off
becoming more like San Francisco. Even Manhattan’s
creative talent is relocating to Los Angeles more and
more. Downtown LA’s renaissance is the main driver for
this exodus of people leaving New York City for DTLA.
It is totally understandable, who can resist the excitement of a great evolving new city center, combined
with the world’s best weather.
Please visit: www.shelbywood.com
Alex LiMandri
Editor-in-Chief
DTLA LIFE TM
www.laloftsrealty.com
www.dwellhomes.com
www.dtlalife.com