« News Item - Monster SUV can't fit into Century City Mall Parking Garage, creates traffic jam | Main | ultimateLA.com Los Angeles Stocks list comes back to life »

February 28, 2005

Los Angeles office hi-rise from tonight's "24" episode is a current condo conversion project - 1100 Wilshire

Viewers of the hit FOX TV show "24" will see a downtown hi-rise featured prominently in tonight's episode. What they may not know is that this building has a little bit of history behind it. Located at Wilshire & Bixel just west of the 110 Freeway on the edge of Downtown Los Angeles, this building has sat EMPTY since the at least the mid-1990s. Local real estate lore has it that the building was an ill-conceived late-inning product of the previous real estate run-up fueled by Japanese real estate investors in the late 1980's. This building was designed with feng shui and other sensibilities in mind, but when it came time to lease the property, prospective tenants did not like the fact that each floor had limited square footage (it is a very thin tower), and in addition parking often required looping up floor after floor until reaching an open or assigned spot. So now, after sitting empty and making a guest appearance on the hottest show on television, what is in store for our subject property? It's the Downtown Los Angeles condo/loft conversion gold rush to the rescue. Like so many other buildings downtown, 1100 Wilshire is now being converted into condos, 230 of them according to the website 1100 Wilshirela.com. (See this website and others at Los Angeles Apartment Rentals) This actually seems like a good plan to me, and the views should be amazing. And after all, it's nice to see the latest real estate boom (bubble?) adopt the unwanted step-child of the late 1980s real estate bust.

Los Angeles Apartment Rentals - www.ultimateLA.com


Posted by ultimatela at February 28, 2005 11:22 PM

Comments

I NEED CONDO

Posted by: jung kim at July 16, 2005 02:34 PM

very good location

Posted by: jung kim at July 16, 2005 02:36 PM

Post a comment




Remember Me?