Friday, August 1, 2008

Downtown Development Roundup

The San Pedro Chamber of Commerce has published an update on several downtown condominium projects. This article appears in the current issue of the San Pedro Business Journal.

Bank Lofts is offering 23 condos for sale in the newly finished Mint Building on 8th and Mesa Street. According to spokesperson Linda Wood, the 66-unit Vault building on 7th and Mesa will be finished by late October or November ’08. All Vault units are for lease with new residents most likely moving in by December ’08.

Centre Street Lofts at 6th and Centre Street has sold 80 condos. Only 30 remain. With an active HOA, they have been up and operational for more than a year.

The LaSalle is going up on the 1920s site of the LaSalle and Mission Hotels. Developer Keith Bohr, now assembling an interest list, plans to finish in November ’08 and will sell once the building is completed. There are 26 elegant condo units.

The 16-story VUE poured foundation in October of ’06 and will move in 250 new condo owners in October ’08. “They’ll come in a few floors at a time throughout the month, said Brooke Turner, a VUE spokesperson. 70 condos remain unsold.

Source: San Pedro Business Journal, August - September 2008

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