05/18/2013– Downtown Los Angeles Lofts are Getting a Facelift

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The downtown Los Angeles area is growing by leaps and bounds with the addition of LA LIVE and several famous and popular hotspots such as the Walt Disney Concert Hall and the Staples Center. While many of these places cater to tourists, the downtown area is seeing rapid growth with the renovation and construction of lofts from century-old warehouses and buildings. Districts such as Little Tokyo, The Arts and Fashion District, and the Finance District are seeing more eclectic clientele moving into buildings such as the Library Court Lofts, the Bartlett Building Lofts, and the Biscuit Company Lofts.

Many of these buildings have been recently renovated over the last decade to offer dozens of unique floor plans and layouts. The Toy Factory Lofts is one of these types of buildings that was originally constructed in 1924 and used primarily as an industrial warehouse and toy factory up until 2002. At that time the Linear City LLC purchased the building and converted the seven floors into live/work lofts. This building now offers 119 units from studio apartments to extravagant penthouses on the top floor. As traditional with many lofts in downtown LA, the first floor is typically retail shops, bistros, practical conveniences and restaurants. This arrangement is appealing to many artists, young families, college students, and business people that want their conveniences close to home.

While there are many brand new buildings that are being constructed specifically for loft style living, many diehard Los Angeles fans are looking for that old warehouse building converted into an eclectic loft space. True loft lovers enjoy exposed piping, venting, brick walls and beams that provide a glimpse into the life of what the space once was. The Biscuit Company Lofts features this type of living in a highly popular neighborhood. Right across the street from Joe's Downtown Market, the Biscuit Company Lofts also feature a variety of floor plans from just 600 ft.² to over 3500 ft.² for top floor units. Most of the condos and lofts in these converted warehouses can be for lease or for sale and there's typically a good ratio of renters to owners.

Other warehouses that have converted their industrial building to loft spaces are the Bartlett Building Lofts, Textile Building Lofts, the Higgins Building Lofts, Flower Street Lofts, and the Douglas Building Lofts. All of these buildings have been renovated in the last decade and provide a wide variety of designs, floor plans, and modern conveniences within the same building.