Today, the LA Times had a story about the changing face of Silver Lake and metered parking and how all the hipsters are rolling into fetal positions at the thought of fitting quarters into the pockets of their skinny jeans. Silver Lake, and specifically Sunset Junction, continues on the path to yuppie gentrification. The property occupied by home furnishings store Bungalow is now on the market for a tasty sum of $2.05 million. The LoopNet listing hints at the development possibility of the site:
* Exceptional Silver Lake Location on Sunset Blvd
* 9920 sf of land zoned C2
* Eligible For 35% Bonus Density
* Signalized Corner of Sunset Blvd and Lucille Ave
* Existing Improvements include 1 Retail Store and 3 Apartment Units
* Mixed Use Delopment Site Sold for Land Value Only· Silver Lake Mixed-Use Development Site Zoned C2 [Loopnet]
· L.A. parking plan a threat to hipness? [LA Times]