A googly eyed Googler on the LAist comment board responded to a post on the Buena Vista Lofts opening up in Boyle Heights. Apparently, the commenter found a bankruptcy filing here. Naturally, this got forwarded into our cold, clammy hands to find out what the fuck is going on. Woo-hoo, more work for us. See why we don't allow comments? Anyways, we emailed the developer who responded thusly.
From: "IMPORTANT DEVELOPER GUY"
Subject: Re: Buena Vista Lofts ~ Boyle Heights
Date: Thu, February 9, 2006 10:32 pm
To: "SEXY DUDES AT CURBED LA" We are in Chapter 11, and in the midst of reorganization.
As the filing noted:
Chapter: 11 Assets: $23,453,000 Debts: $12,169,703
The math speaks for itself-
Exactly. Nothing to see here. Just bankruptcy... Maybe the developer can shed light on when the units will be available for occupancy.
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