Coming Soon: New Construction Developments

Last year, there was a big increase in new construction in terms of planning, permits and breaking ground.  This year, new developments will be appearing on the real estate market.  How will this affect the market? Only time will tell but if a buyer looking for a great deal and a perfect move-in ready home, this could be a buyers opportunity.

Here is a list of Los Angeles area new development homes on the market or coming soon.

Downtown Los Angeles: 

Barker Block Warehouse No. 1
$400,000 +
1 Bedrooms Lofts
Grand Opening: January 25-26th, 2014

Barker Block Warehouse No. 1 is a unique residential community in the heart of the cultural and creative hub that is the Los Angeles Arts District. Blending preservation and innovation, this new residential enclave is a reinvention of the original Barker Brothers furniture factory and warehouse. Click Here for More Information

South El Monte:

The Goldwyn
$400,000 +
3-4 Bedrooms Townhomes
Spring 2014

Brand New Town Home living in South El Monte in the San Gabriel Valley. Featuring a gated community setting, community park with play area, barbecues, walking trail and gardens.  Click Here for More Information.


Van Nuys:

Azalea
$ -
3 Bedrooms Townhomes/Single Family Homes
Coming Soon

Located in the Los Angeles neighborhood of Van Nuys, this new community places you squarely in reach of shopping, dining, schools and recreation.  Click here for more Information.


San Pedro:

Harbor Highlands
$599,900+
3-4 Bedrooms Single Family Homes
Ready to Move In

This gated collection of single-family homes is set within the historic seaport town of San Pedro, close to schools, shopping, culture, parks and freeways. Click here for more information.



Northridge:

Mira Bella
$ -
3-5 Bedrooms Single Family Homes
Coming Soon

Located in the quiet Los Angeles neighborhood of Northridge, Mira Bella enjoys quaint tree-lined streets and close proximity to area amenities like California State University, Northridge. You'll also enjoy easy access to surrounding shopping, dining, outdoor parks and recreation. Click Here for More Information.

South Pasadena area:

Arroyo Ridge Estates

$ - 

5-6 Bedrooms Single Family Home

Coming Soon

Arroyo Ridge is a limited collection of 13 new executive style homes ranging up to 6 bedrooms, 3 to 4.5 bathrooms, up to approx. 3,395 sq ft of well designed floor plans that feature expansive family rooms, lofts, spacious bedrooms and kitchens perfect for the gourmet. Click Here for more information.

Highland Park:

Park 9
$800,000 +
4 Bedrooms Single Family Homes
Open in 2014

PARK 9 will be a collection of nine 4 bedroom 3 to 3 1/2 bath executive homes ranging in size from approximately 2,478 to 2,550 square feet.  Click here for more Information.


Echo Park/Silverlake:

Gaspar
$ -
2-3 Bedrooms Single Family Home
Coming Soon.

Situated on the sloped tree-lined streets from multiple cafes, boutiques and pubs on Sunset Boulevard, this enclave of single-family homes offers the best of urban living in a residential setting. Views of Downtown Los Angeles exists throughout each home and are fully enjoyed on the rooftop deck. Three-story living with two and three bedrooms and dual-master floor plans make these homes perfect for busy, social loving professionals. Click here for more information.





West Hollywood:

Row3
$ 900,000 +
2-3 Bedroom Single Family Homes
Phase 2 - NOW OPEN

Located on Fuller Avenue just a heartbeat away from iconic Sunset Boulevard, this sophisticated new home collection features tri-level residences with 2 and 3-bedrooms; stunning rooftop terraces and square footage ranging from 1,628 to 2,209. click here for more information.



Chatsworth:

Stoney Point Estates
$-
5-6 Bedrooms Single Family Homes
Coming Soon

Chatsworth is perfect for anyone seeking an estate sized home on a large lot with seamless indoor/outdoor living.  Stoney Point Estates perfect for families and active adults seeking the convenience of suburban living in a semi-rural environment. 3,547 to 4,878 square feet of living space up to six bedroom and four and one half baths. click here for more information.




Note: The new developments feature in this blog are not our exclusive representative as the listing agent.  If you are interested in any of these developments, Betancourt Real Estate Group would be proud to represent you as a buyers agent. 

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LA's Tallest Tower could be the under-construction Wilshire Grand building

It's coming.  The Wilshire Grand that is.... Developer Korean Air has unveiled the final plan for the 70-story tower which is currently under construction.  Not only will this head turner building be called the West Coast tallest but it will be the first tower since 9174 to be built without a flat top.  

AC Martin Partners has done a beautiful job with the design of the building that will home to 900 hotel rooms, 400,000 square feet of office space, ground floor retail and a chic top-floor "sky lobby" with one of the fastest high speed elevators in the world.  

AMAZING. 

This tower will be a huge game changer for the skyline department in downtown since this building will have no rooftop helipad.  Only time (and construction) will tell what the final construction will be.  Until then... I will be looking forward to ribbon cutting ceremony in March 2017. 

Great Places to Watch Super Bowl XLVII this sunday!

It's here!! Only a few days away and if you aren't catching the big game at friend's house or your place...try these great places. 

DOWNTOWN LA:

The Parish

840 S Spring St, Los Angeles CA 90015

(213) 225-2400

Cool foodie place where you can watch the game on a 80-inch flatscreen.  

Order the Gridiron Special ($40) - 20 stout-glazed chicken wings, half gallon jug of Noble ale, housemaid pork rinds and fried olives. 

The Mixing Room at JW Marriott - LA LIVE

The Ritz-Carlton Los Angeles

900 W Olympic Blvd, Los Angeles, 90015

(213) 765-8800

$25 All-You-Can-Eat Buffet

Watch the game on 50 inch TV inside and outside.

BURBANK:

Tony's Dart Away

1710 Magnolia Blvd, Burbank, CA 91506

(818) 253-1710

Special: $20 All-You-Can-Drink Beer, complimentary light bar snacks. 

ECHO PARK:

Mohawk Bend 

All-You-Can-Drink-Beer (on tap) and All-You-Can-Eat-Pizza (three vegan and three non-vegan) for $30. 

SHERMAN OAKS:

Mad Bull's Tavern's

14649 Ventura Blvd, Sherman Oaks, 91403

(818) 379-9511

ENCINO:

El Mariachi Mexican Grill and Sports Cantina

15627 Ventura Blvd, Encino, 91436

(818) 380-0160

Let's Go Niners! 

Downtown LA's South Park Rental Market

Since I've moved to los angeles in 2001,  downtown is one of my favorite areas.  Since the opening of the Staples Center in 1999, downtown started to revamp it's image and brought LA Live in 2007.  Since then, downtown is bouncing back into a urban spectacular with new high rise residential development and amenities to match.  

I rarely have a chance to talk about rental in my blog, but i thought I would show some love.  

If you are looking for rentals near the LA Live, try the South Park area.  It's walking distance to LA LIVE, Staples Center, Ralphs fresh fare and more.  There is a mix of new construction and rehabbed old industrial and office building.  Amenities include pools, sundecks, fitness centers, 24-hour concierge. Another get area to live that is similar to South Park is the Arts District.  

So what are the rents like?

Rental prices varies.  For a small studio, you could see prices at $1,680.  A larger live/work space starts around $2,795/mth.  For a rental at the Ritz at LA Live is $5,500.  A two bedroom condo at the LUMA  has been known to start around $4,500.

hmm...interesting.

Home Sellers, learn how to price ahead of the market curve

Real estate markets change all the time. You want to make sure that you're pricing the house ahead of the curve -- no matter what the market.  Contact us for a free Home Value report. 

Just how fast does Los Angeles need an NFL stadium Downtown?

Genlser

Happy Monday Everyone! Normally, I report Real Estate News on interest rates, housing data, etc.... However this past weekend was the kickoff to the NFL season.  So I thought this entry should be a mixture of both real estate news and the NFL!

Today's entry is on Downtown NFL's stadium! 

Apparently, the state legislature has already passed a law to speed up any legal challenges to the Farmers Field plan in which the lawsuit states that developer AEG is receiving special treatment with the law and is in violation of the California Environmental Quality Act.  One of the plaintiffs says the project will have a huge impact on parking, housing prices, traffic and air quality.  It's true about housing prices rising with the already high price condos around LA LIVE.  Condos around that area are prime downtown real estates! 

City Council member Jan Perry wants to hurry city approvals along.  She submitted a resolution to reduce the public hearing notice period to 10 days.  Usually the city allows 24 days for the public to digest a major development agreement.  Perry's reason is to avoid any delays in the project.  If the council fails to vote by the set deadline, the project could be delayed by a year!  

But what about a team or teams?  The league won't decide on the matter until March 2013.  

We hear how the matter resolve on September 28th when the council votes. 

Just released to the city staff from Farmers Field is the agreement that AEG will pay for millions in improvement to the area around the stadium including $10 million to add another platform at the Metro Blue Line and Expo Line station at Pico Blvd, and $2.4 million to fund a study to add a northbound lane to the US-101 Hollywood Freeway near downtown.  

Source: LA Curbed