A long-vacant site in the heart of downtown Los Angeles has been sold to investors who are expected to start work within two months on one of the largest new apartment buildings to be built in the region since the economic downturn.
Monday, June 25, 2012
Development planned for long-vacant downtown L.A. site
An L.A. apartment building development would cost $300 million and house about 1,000 residents on what is now a 3-acre parking lot on 8th Street flanked by Grand Avenue and Olive Street.
A long-vacant site in the heart of downtown Los Angeles has been sold to investors who are expected to start work within two months on one of the largest new apartment buildings to be built in the region since the economic downturn.
A long-vacant site in the heart of downtown Los Angeles has been sold to investors who are expected to start work within two months on one of the largest new apartment buildings to be built in the region since the economic downturn.
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