Saturday, September 27, 2008

Downtown Development Updates

Parking Signs Installed at Centre Street Lofts

Signs have gone up to clarify the public parking area at the Centre Street Lofts.

A large “public parking” sign has been installed above the garage entrance. Interior signs direct visitors to the available parking spaces and the pedestrian exit to Sixth Street.

The garage is open from 6 a.m. to 10 p.m. The public may park for four hours free. Overnight parking is prohibited.

Apartments Open at 8th Street Lofts

A banner on the 8th Street Lofts building is announcing the grand opening of the rental apartments. The units have been approved for occupancy and rental applications are now being accepted.

The building at 8th Street and Pacific Avenue is a residential and lifestyle complex with retail shops, a hair salon, casual dining and a banquet hall on the ground floor and loft apartments above.

The popular Caffe Port Town was shut down in January for lack of proper health permits. A sign near the coffee bar now reads, “Michel’s Unique CafĂ©, coming soon.”

Bank Lofts Become Rentals
The Bank Lofts have been converted entirely to rental units. Condominiums were originally planned for the development’s Mint building at the northeast corner of Eighth and Mesa Streets, but only a handful of the 23 units had been sold. The larger Vault building on the northwest corner is under construction. It is expected to open as rental units this fall.

Vue Prepares for November Completion
The 318-unit Vue is expected to be completed and ready for occupancy in November. The 16-story glass condominium building at Fifth and Palos Verdes Streets is a dominant feature in the downtown San Pedro skyline.

Construction Continues at LaSalle Lofts
Construction is proceeding at the LaSalle Lofts, expected to be completed by the end of the year. What happens next is an open question. The developer hasn’t decided whether to sell or rent the units or put the entire building on the market.

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